A part 9 debt agreement is an alternative to bankruptcy; it assists debtors with unmanageable debt. This releases most debts once all payments and obligations are met under the agreement. There are certain requirements for a Part 9 such as:

  • Max $83647 in unsecured debts and approx. the same┬ámaximum income.
  • There are minimum and maximum income thresholds to qualify under a part 9 which is determined by the number of people and children in your household.

it is advisable to speak to an expert in debt agreements. We are independent finance brokers hence you can be guaranteed of unbiased advice. We look for options to avoid a part 9 debt agreement where possible, however we can point you in the right direction.