The short answer is Yes!
A Debt Agreement gives you full flexibility and places no restrictions on your overseas travel, which is one of the benefits compared to Bankruptcy.
If you declared yourself bankrupt you would need to submit a request to your Bankruptcy Trustee before you could travel overseas. While most reasonable requests are allowed it is at the discretion of your Trustee in Bankruptcy to approve the application.
If you are trying to decide between Bankruptcy and a Debt Agreement and you want to keep your travel options open then a Debt Agreement does provide more flexibility to accommodate our modern lifestyles.
We offer free expert advice on these matters and can ensure you get the best advice available for your specific circumstances.
If you would like some advice on a Debt Agreement, call our experienced bankruptcy team at Debt Free Australia. Our team is fully trained and can advise you on your best options. Call us today on 1800 676 598.