On this page you will find the options available to us if we are working on your personal worries.

Debt Repayment Order

A Debt Repayment Order (DRO) is probably the best insolvency option for you if you owe less than $50,000 in unsecured debt and are able to make some repayments on your debts.

No Asset Procedures

The No Asset Procedure (NAP) is probably the best insolvency option for you if you owe less than $50,000, have no assets and have no extra money to make repayments on your debt.

Bankruptcy

Bankruptcy may be a good insolvency option for you if you owe more than $50,000.

Part 5 Proposal

A Part 5 Subpart 2 proposal under the Insolvency Act 2006 gives you a great alternative to bankruptcy. However it is not easy to prepare and the requirements are quite stringent. However If the proposal succeeds, then you may be paying just cents in the dollar to get rid of your debt. And while you will have to honour the obligations outlined in the proposal you will not have to comply with the usual provisions of a bankruptcy. For example, you will be able to carry on a business and travel overseas. This proposal is in effect an agreement between you and your creditors.Talk with us to see if this option would work for you.