With a wealth of experience and passion to help those in financial distress, Debt Free Australia has earned a well-deserved reputation as experts in the field of debt consultancy. Having too much personal debt can be intimidating and stressful. Knowing how to deal with this problem can be difficult. Choosing the right debt consultant that you can trust can eliminate your stress and will guide you onto the road to financial freedom.

Debt consultancy, also known as debt counselling, is the process when individuals or businesses seek advice from a suitably qualified debt consultant. A debt consultant will assess your full financial situation. It is critical that all aspects of your financial situation are thoroughly assessed. There is no point in setting up a debt management plan if you can’t afford it. For this reason Debt Free Australia has developed sophisticated software that will help us assess whether you can pay back your debts with affordable repayments or whether it is best that you file for bankruptcy.

Our team at Debt Free Australia will closely work with you to ensure you receive the best possible advice. All of our debt consultants are fully trained and are closely supervised by a Registered Trustee in Bankruptcy, so you can be assured that you will always be getting the best financial advice. Our debt consultancy processes will always consider your full financial circumstances including:

•  your outstanding debts;
• your income and expenses; and
• any other financial detail which is relevant

Once we have all of this information we can then design and implement a debt management plan which will put you back on the road to achieving financial freedom.

Debt Free Australia has a proven track record in providing useful, confidential debt consultancy services for everyday Australians. You can be assured that you will receive the best possible advice in bankruptcy, debt agreement and personal insolvency agreements. You should only consider advice from a suitably qualified debt consultant. You can call Debt Free Australia with the confidence knowing that all of our debt consultants are fully trained and supervised by a Registered Trustee in Bankruptcy.

Our advice is free of charge and you can call when it is convenient to you.  We are open 7 days a week from 8am to 8pm

Sometimes finding the right debt management advice can be hard. Debt is a personal, sensitive and difficult topic to talk about and finding the right source of debt management advice can be hard, let alone from someone you don’t know. Therefore finding the right insolvency specialist to give debt management advice is important.

It is easy to try and find debt management advice from the internet, or from a friend who has experience in the topic. However an experienced debt management specialist can give professional advice and find the right solution to suit your needs. With tailored advice for different circumstances, a debt management expert can give both individuals and company directors peace of mind.

Debt Free Australia are leading experts in the field of debt management advice, and has given thousands of Australians the right debt management advice to assist their financial situations. We offer a free and confidential advice line 24 hours a day, 7 days a week, Debt Free Australia continues to be the leading source of debt management advice for everyday Australians.

Here at Debt Free Australia we hear countless stories from people just like yourself who are struggling with debt and can see no way out of it. Over time we have noticed that more and more people are being told the following: “You have too much debt for us to be able to help you, so you need to go bankrupt”.
There can be only two reasons why someone would be given that advice, the first of them being simply that: you have too much debt relative to your income to be able to make a settlement offer which your creditors are likely to accept. There is another reason, however, which is far less honest.
There are many companies operating in Australia that can offer you a Debt Agreement to settle your unsecured debts. A Debt Agreement is a legally binding payment arrangement in which you pay your creditors a percentage of the debt that you can afford, and they accept this percentage in full and final settlement. You can only do a Debt Agreement, if your debt level (and/or your income) is below a certain set limit. If your debt (and/or your income) exceeds this set limit and the company you are speaking to can only offer you a Debt Agreement, then yes, they are unable to help you.
What some places might not tell you, though, is that there is a similar arrangement available for people whose debt (and/or income) go over the set limit. It is known as a Personal Insolvency Agreement and, because of the higher amounts that are being dealt with, it must be administered by a Registered Trustee. The companies that are able to offer you a Personal Insolvency Agreement as an option are fewer in number because of this requirement.
We have heard numerous instances of people who were eligible to propose a Personal Insolvency Agreement to settle their debts but were instead told that they need to go bankrupt. And the likely reason that they were told this is because they got their advice from someone who was not willing to send them elsewhere. Luckily, these people continued searching, and have since been spared the stress of full blown bankruptcy. How many people have taken this unfortunate advice though, we cannot even guess.
To give yourself the best chance of receiving accurate and impartial advice, you should ensure that you are speaking to a reputable company that is able to offer you the full range of formal debt relief solutions. This way you can be sure that you will not be misinformed purely so that your business can be retained. The CEO of Debt Free Pty Ltd is both a Registered Debt Agreement Administrator and a Registered Trustee, which means that no matter what your situation is, we will be able to help you with an appropriate solution. Call us today on 1800 462 767 to receive impartial and obligation-free advice from one of our friendly consultants.

A Debt Agreement Proposal is essentially a settlement offer for your unsecured debts, which must be accepted by your creditors in order for it to come into effect. Your offer is drawn up and presented to your creditors by a Debt Agreement Administrator, who will then be responsible for maintaining the agreement until you have completed it. When the time comes for your proposal to be decided on, there is a vote by your creditors, and for it to be accepted you need creditors holding at least 50% of the value of your debt to agree to it.
Because of this voting requirement, acceptance of your Debt Agreement Proposal can never be guaranteed. Some creditors have a minimum percentage return that they will accept, while others may be concerned with the length of the agreement, and very occasionally there are extenuating circumstances such as fraudulent behaviour which have an impact on a creditor’s vote.
When a Debt Agreement Proposal is lodged with ITSA they charge a fee of $200. The first consequence of lodging a proposal that is not accepted is that you will be out of pocket for that amount. Secondly, it is lodging the Debt Agreement Proposal that places a mark on your credit file, not just the acceptance of it, because it is an act of bankruptcy to lodge a Debt Agreement Proposal. The good thing about a Debt Agreement is that you can keep trying if it is not accepted the first time. For each attempt at a new proposal, however, you will be facing another charge of $200, and if you decide not to try again you will have a mark on your credit file for nothing.
Here at Debt Free Australia we have been administering Debt Agreements since 2006, so we have a very good idea by now of what will be acceptable to your creditors. And we understand that you would not be talking to us in the first place if you could spare a multitude of $200 lodgement fees. That is why we begin with a rigorous assessment process to ensure that we understand every aspect of your financial situation, before recommending a Debt Agreement Proposal that we feel confident will be accepted by your creditors first go. And unlike many other companies out there, we do not ask for any fees of our own until you ask us to go ahead and start preparing the proposal for lodgement. Again we won’t take you down that path until we have thoroughly assessed your case and feel confident that your creditors will accept it.
It is not the end of the world if your Debt Agreement is not accepted, but it is a stressful experience that costs you time and money. To give yourself the best chance of having your Debt Agreement Proposal accepted by your creditors, call Debt Free Australia on 1800 462 767 and ask one of our friendly consultants about a financial assessment.