If you have credit card and/or personal loan debt you are at a greater risk of having a creditor take legal action against you to recover their money. This is because these types of debt are usually unsecured, meaning that there is nothing attached to the debt which can be sold by the creditor if you do not pay. Without any security to fall back on, the only way that the creditor can recover any funds from you is to take the matter to court.
An unsecured creditor may be able to:

• Get a “Writ of Execution” from the Court, which is an order for the Sheriff to attend your home and seize goods which will then be sold at auction to pay your debt.
• Get a “garnishee order”, which is a court order that requires your employer to withhold a certain amount of your wages so that it can be paid towards your debt.
• Have you made bankrupt. This would mean that you would not be making payments towards your debts but, dependent on your income, you may have to make compulsory income contributions to your bankruptcy, and any sizable assets would be sold and the proceeds taken by your bankrupt estate.

It is possible to put a stay on such court-ordered action, but only with a formal arrangement such as a Debt Agreement, Personal Insolvency Agreement , and bankruptcy. These arrangements take some time to prepare so we never recommend waiting until you have been taken to court before beginning the process. If it all possible, you should nip the legal action in the bud as soon your creditors start sending threatening letters by calling a reputable service provider of formal debt solutions. If you have received a notification of impending legal action you should call our friendly and professional debt consultants immediately on 1800 462 767 for advice.

Debt Free Australia prides itself in helping individuals who are struggling with personal debt. Often the hardest step is telling someone about it and asking for advice. Many individuals suffer in silence because their sense of pride won’t let them ask for help. Receiving advice, however, is the best thing you can do when dealing with unmanageable personal debt.
Luckily, Debt Free Australia is here to give you that advice. With years of experience in Australian insolvency regulations and debt solutions, Debt Free Australia aims to provide uniquely tailored debt relief services, and their advice is impartial and obligation-free.
Unlike a number of other companies you might encounter, Debt Free Australia are fully licensed and authorised to offer all manner of formal debt solutions. When you feel there is no way out and the burden is only getting heavier, Debt Free Australia are here to give you the options that will help you to clear your personal debt.
Personal debt can be one of the most stressful things to face, but when you do decide to ‘face’ your personal debt, that iswhen things will take the turn for the better. Take the first step today and contact Debt Free Australia to receive advice that will set you on the right track and have you feeling better within minutes.
Remember, personal debt doesn’t have to be personal. Debt Free Australia can help you today on 1800 462 767.

With a proven track record of helping people to become debt free, Debt Free Australia are the leading personal insolvency specialists in Australia. Since their establishment in 2006, Debt Free Australia have utilised their knowledge, experience and expertise to provide thousands of individuals with debt relief services to free them from debt.
Debt Free Australia has four main debt relief services available for their clients.
The first debt relief service available is bankruptcy. The declaration of bankruptcy will bring about significant consequences for an individual, so it is critical that professional advice is sought before making such a decision. As part of this debt relief service, our knowledgeable staff will advise clients of any alternatives available to avoid bankruptcy and help them make the most appropriate decision for their individual case.
The second debt relief service available is Debt Agreement . It involves the arrangement of a formal agreement with creditors to repay a percentage of one’s debts over a period of approximately 3-5 years. With the help of a professional debt advisor, you may be able to successfully settle your debts for less than what is owed and without any more interest or charges.
The third debt relief service available is a Personal Insolvency Agreement. It is a legally binding arrangement between you and your creditors which freezes your debts and will most likely result in your repaying a reduced amount. The difference between a Personal Insolvency Agreement and a Debt Agreement is that this one is designed for people who have higher levels of debt, income and/or unencumbered assets.
By working closely with their clients, the Debt Free Australia team are able to understand the intricacies of one’s case, give advice on all available options and follow each solution through to its completion. Our CEO is a fully qualified Chartered Accountant and a Registered Trustee in Bankruptcy, so you are guaranteed to receive the best possible debt relief services by a licensed and registered insolvency practitioner.
To find out more about Debt Free Australia’s debt relief services, or for an obligation-free quote, contact us on 1800 462 767.

A debt consultation with Debt Free Australia can offer you a range of debt solutions tailored to your specific needs.
If you have concerns about your financial situation, the most damaging thing you can do is wait until your problems escalate uncontrollably. These are some of the warning signs that you might need a professional debt consultation:

• You use credit cards to pay off other debts
• Your credit limits are also maxed out
• You sometimes miss payments because you cannot afford to make them
• You lie to your family and friends about the amount of debt you have
• You are unaware of how much debt you actually have

If any of these apply to you, you should seek professional advice from a registered debt consultant. Often a debt consultation acts as a reassurance that your financial woes are not hopeless as they seem, and that there is a solution available.
Our trained debt consultants can work with your particular issues to determine which solution is the most appropriate. Sometimes the key to escaping debt is simply refinancing or budgeting, although at times it might be bankruptcy that is required, or another formal solution such as a Debt Agreement or Personal Insolvency Agreement.
Regardless of the severity of your problems, a debt consultant will be able to determine a solution for you that is often provided in-house—Debt Free Australia offers assistance with Debt Agreements, Personal Insolvency Agreements, debt consolidation, and bankruptcy.
Debt Free Australia offers a completely free debt assessment that will enable you to find out if a professional debt solution is necessary for your financial situation. Call us today for a complimentary debt consultation on 1800 462 767.