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Debt Free Australia; Financial Assistance That Helps

By Administrator 03 March, 2015

With an ever-increasing number of Australians declaring that they are insolvent, and many of them declaring bankruptcy each year, the need for effective and efficient financial assistance is greater than ever.

For professional financial assistance at the lowest price guaranteed, Debt Free Australia is the answer.

Debt Free Australia (DFA) are highly experienced insolvency specialists operating in Australia, with a proven track record in providing professional and successful financial assistance to Australian individuals. DFA assists individuals facing personal insolvency who are considering declaring bankruptcy or looking for an alternative. We work closely with our clients in order to seek out the cause of their financial hardship, determine which financial solution suits their circumstances best and see them through the process of becoming debt free.

When seeking financial assistance, many individuals are unaware of their options and generally think of bankruptcy as the only solution. Thankfully, the Australian Government has developed a number of alternatives to help over-indebted Australians better deal with their intense financial strain.

At DFA, we always recommend that one considers the legal alternatives to bankruptcy in order to minimise any negative effects on their home-life, employment and credit file. These bankruptcy alternatives include a Debt Agreement or a Personal Insolvency Agreement. Before these agreements were developed, there were really only two ways of settling your unsecured debts – either pay them in full or declare yourself bankrupt. With the advent of Debt Agreements and Personal Insolvency Agreements, debtors are now able to negotiate an affordable payment plan with their creditors and avoid many of the harsh consequences of bankruptcy.

Both agreements are quite similar, in that a repayment amount is agreed on by your creditors, all interest on your debts is frozen and you are protected from any creditor trying to recover more money from you. Debt Free Australia can act as the administrator of either type of agreement, which is not something that all companies are capable of doing, and will become the only point of contact with your creditors. We will oversee your repayments and distribute dividends to your creditors in the order and manner that the law requires.

The financial assistance provided by DFA is focused on helping you to determine which debt relief option will most benefit you. By applying for one of these bankruptcy alternatives, you can have the peace of mind of knowing that you are protected from any creditors threatening legal action or bankruptcy.

If you wish to propose a Debt Agreement or Personal Insolvency Agreement, DFA can help. With both a Debt Agreement Administrator and a Registered Trustee on site, we can begin working on your case straight away and follow it through to its completion, without passing you over to another company.

For more information on Debt Free Australia’s financial assistance services, or for free and impartial on bankruptcy and its legal alternatives, contact our 24/7 hotline today on 1800 676 598.