debt agreement administrator

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jhk2770
Member
@jhk2770
Join Date: 2008
Post Count: 57
December 5, 2013 - 8:24 am
Can anyone recommend a reliable and affordable debt agreement administor in the Western Sydney area? Parramatta/blacktown??
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
December 5, 2013 - 10:42 am
What is a debt agreement administrator?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Richard Taylor
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@qlds007
Join Date: 2003
Post Count: 12,024
December 5, 2013 - 12:06 pm
For what ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
December 5, 2013 - 12:18 pm
Qlds007 wrote:
For what ?
Cheers
Yours in Finance
Administering debt agreements!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
jhk2770
Member
@jhk2770
Join Date: 2008
Post Count: 57
December 5, 2013 - 7:44 pm
HI Terry and Richard,
A debt agreement administrator is someone who administers part IX debt agreements on your behalf to creditors and is one step away from bankruptcy. Due to unemployment and chronic ill health it seems this maybe our only option. We thought about debt consolidation but not sure. I just need some sound financial advice with our situation. We want to clear our unsecured debts through a debt agreement and start building our wealth portfoilio.
Freckle
Blocked
@freckle
Join Date: 2012
Post Count: 1,680
December 5, 2013 - 8:36 pm
ASIC offers advice in this area
Check out https://www.moneysmart.gov.au/managing-your-money/managing-debts?gclid=CPiIlPT2mbsCFQlZpQodJF0AqQ
to see what applies to you