Insolvency Perth is here to help Perth-based businesses to overcome insolvency as smoothly as possible. There are many ways to overcome insolvency in Perth such as bankruptcy which allows your business to escape a hopeless financial position, and make a fresh financial start after the three-year bankruptcy period has elapsed.
There are many stages of Bankruptcy, including a Debt Agreement, which is designed for debtors who want to avoid full-blown bankruptcy. This Debt Agreement will allow you to repay your debt to your creditors at an affordable level over a 3 – 5 year timespan.
For those who have large debts and wish to avoid bankruptcy, an Insolvency Agreement under Part 10 (Part X) of theBankruptcy Act will allow you to repay your creditors at a higher return than they would normally receive, should you declare bankruptcy.
Insolvency Agreements, like Debt Agreements, can benefit your financial future; however it is important you seek expert advice in order to manage your debt according to your circumstances.
At Insolvency Perth we understand how stressful and daunting it can be to confront Insolvency. We make it our goal to work you to identify issues, risks and decisions to manage the financial impacts for your stakeholders, future business and individual financial standing at the lowest fee possible.