Personal Insolvency Agreement

Concerned about losing your assets?
Get help today and avoid bankruptcy


The flexible alternative to bankruptcy

Do you think you need to declare bankruptcy? There’s another option that has helped thousands of Australians and may be right for you too. It’s called a Personal Insolvency Agreement (PIA).

Offering fewer repercussions than bankruptcy, you will be able to retain most assets including your house and in some cases investment properties.

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 Personal Insolvency Agreement?

Ready to Become Debt Free?
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Stop interest and fees

Your interest and fees will be stopped. This means you can start repaying your debt, not just interest and fees.

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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.

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.

Reduce the amount you owe

Reduce the amount you repay

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

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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.

Retain Your Assets

Retain your assets

No risk of losing your home or car. Protect your hard earned assets that are important to you and your family.


Am I eligible for a Personal Insolvency Agreement?

A Personal Insolvency Agreement is ideal for someone who doesn’t meet the criteria for a debt agreement, and who wants to avoid declaring bankruptcy. A personal insolvency agreement may be offered if you meet the following criteria:

  • You have debts exceeding $121,030.00
  • Your net income is more than $90,772.50 annually;
  • Your assets exceed $242,060.00 (individually).

If your debts, income and assets are less than these figures, you can still apply for a Personal Insolvency Agreement, but you can also consider a debt agreement.


The Personal Insolvency 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 and contact all your creditors


A Personal Insolvency Agreement is drawn up and a meeting is held where creditors vote on the agreement


You’ll make one regular payment

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Take control of your debt today

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

What are the consequences of a personal insolvency agreement?

If you enter into a Personal Insolvency Agreement you are committing an Act of Bankruptcy - this means that a creditor can apply to the court to make you bankrupt if the PIA fails.

You are not allowed to manage a corporation during the PIA.

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) permanently.  Your details will appear on your credit file for up to 5 years, or longer in some cases.

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 PIA must be disclosed to all people dealing with the business. If operating a sole trader business while in a Debt Agreement, you the debtor should include your full name in the business name; e.g. John Smith trading as Smith’s Shop.

What will it cost?

Fees change depending on the level of debt and the work involved. We guarantee you will pay less, including all fees and charges with Beyond Debt than you will under your current situation if you continued to make repayments. Have a chat with one of our Debt Consultants and they can calculate what your total payments will be including all fees and charges.

What happens to the interest on my debts?

All interest is frozen once a PIA is agreed to and signed by your Trustee. Interest will still be payable on secured or ineligible debts.