Personal Insolvency Agreement (PIA)
A Personal Insolvency Agreement (PIA) is designed to help individuals facing financial difficulties negotiate and formalise agreements with their creditors. Debt Buddy’s experienced team can assist you in understanding the intricacies of PIAs and help you make informed decisions about your financial future.
Your Path to a Personal Insolvency Agreement (PIA)
A Personal Insolvency Agreement (PIA), also known as a Part X (10) agreement, represents a legally binding arrangement between you and your creditors. This option serves as one of two agreement choices available for managing debts while avoiding bankruptcy. A PIA is designed to offer a more adaptable solution for settling your debts.
Whether you are considering a PIA as an alternative to bankruptcy or as a means to manage your debts more effectively, here’s how we can assist:
- Tailored Solutions: We work closely with you to develop a PIA proposal that aligns with your financial situation and goals.
- Fresh Financial Start: A PIA can provide you with a structured plan to repay your debts and achieve financial recovery.
Your offer must be accepted by a special resolution of your creditors. Unlike a debt agreement, there are no debt, asset or income limits to be eligible to propose a PIA.
Acceptance requires a “yes” vote from a majority of creditors who represent at least 75% of the dollar value of the voting creditor’s debts (referred to as a “special resolution”).
Secure Your Financial Future Today
Are you ready to take control of your finances, optimise your loans, and secure a brighter financial future? Contact Debt Buddy today to learn more about our refinancing services and how we can tailor them to your unique needs.
Our team is here to assist you every step of the way, helping you make informed decisions about interest rates, loan repayments, and the benefit of refinancing. Let’s work together to achieve your financial goals and secure a better tomorrow.
How We Can Help You
There are NO PRESSURE SELLING TACTICS OR JUDGEMENTS on anyone’s positions. Everyone is listened to with respect and care. We are here to do what we do best. Help improve debt situations. From $8,000 in small/payday loans to debts in the multiple of millions. From a few accounts with aggressive collections to over 50 accounts repayments consolidated into a single affordable repayment. DEBTBUDDY Is Here To Help You Take Control Of Your Debts
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Part 9 Debt
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Personal
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Contact Debt Buddy today to begin your path to financial freedom. Our team is ready to assist you every step of the way, helping you regain control of your finances and securing a brighter future.
