Part 9 Debt Agreement

A flexible way to settle your debt without bankruptcy


Settle your debt and start living again

If you’re receiving calls from collectors, can’t pay minimum repayments and are starting to default, you’re not alone. We speak with Australians every day facing similar challenges.

We can take care of the negotiations for you and sort out any paperwork for you. Giving you time to focus on the future.

Take the first step to free yourself from debt

With a decade and a half of experience in the industry we’ll help you on the path to a debt free future, in just 3 steps.


How can I benefit from a Debt Agreement?

Ready to Become Debt Free?
Stop Interest Rate Colour

Stop interest and fees

Debts in a debt agreement have interest and fees frozen. 

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Stop debt collector calls

No more worrying each time your phone rings. Your creditors will have to call us, instead of you.

Become debt free in 3 years

Debt free in as little as 3 Years

Most Debt Agreements are between 3 and 5 years, so you’ll know EXACTLY when you’ll be debt free.

Reduce the amount you repay

Reduce the amount you owe

Debt Agreements allow you to only repay a percentage of what you owe, based on what YOU can afford.

Single Payment Colour

Make one regular affordable payment

Your payment plan is based on what YOU can afford. Making sure you can still live and enjoy your life, whilst becoming debt free.

Have us do all the negotiations

We negotiate for you

We manage all communications and negotiations with your creditors, meaning you have more time and peace of mind, to do the things you’ve been putting off.


Am I eligible for a Part 9 Debt Agreement?

We will work through your budget and present you options that are available to you. Beyond Debt can assist if you have more than $8,000 in debt and you meet the legal criteria:

  • Can’t have been bankrupt or in an insolvency agreement within the last 10 years;
  • You aren’t able to repay your debts;
  • Can’t earn more than $105,009.45 annually after tax;
  • Can’t have unsecured debts of more than $140,012.60 (individually);
  • Can’t have assets of more than $280,025.20 (individually).


The Debt Agreement process in just 5 steps

We’ll even do 3 of them for you.


We’ll conduct a preliminary assessment


You’ll engage us to act on your behalf


We’ll take care of all necessary checks, negotiate with creditors and take the stress out of the paperwork


A Debt Agreement is sent to your creditors to accept or reject


You’ll make one regular payment

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Get started on your path to debt freedom

Get in touch for a free consultation. We are fully aware of just how much courage it takes to ask for help. We listen, we understand, we care and we do not judge.


A Couple Things People Ask

How long will a Debt Agreement stay on my credit file?

Your name, and some other details will be recorded on the National Personal Insolvency Index (NPII) for a limited time.  Usually, this is period is 5 years, but can be longer in some circumstances.

Will this affect my ability to get credit in the future?

Yes, obtaining credit can become difficult in the short term. Details may appear on a credit reporting agency’s records for up to 5 years, or longer in some circumstances.

What are the consequences of a Debt Agreement?

If you enter into a Debt Agreement you are committing An act of Bankruptcy - this means that a creditor can apply to the court to make you bankrupt if the Debt Agreement fails.

Will this stop legal action against me?

During the voting period, creditors can’t take recovery action, enforce a remedy against you or your property and must suspend deductions by garnishee on your income.

What if I can’t make the payments on my Debt Agreement?

If the terms of the agreement are not met and your agreement terminates, creditors can recommence recovery action. This will include back-dated interest.  However, before an agreement is terminated, you can request a ‘variation’ to the original agreement that meets your current/changed affordability level.

I run a business, what do I need to know?

If trading under a business name or assumed name (whether alone or in partnership) the Debt Agreement must be disclosed to all people dealing with the business. If operating a sole trader business while in a Debt Agreement, you should include your full name in the business name; e.g. John Smith trading as Smith’s Shop.