Am I eligible for a debt agreement?
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You can lodge a debt agreement proposal if you:
- Are unable to pay your debts when they are due.
- Have not been bankrupt, had a debt agreement or personal insolvency agreement in the last 10 years.
- Have unsecured debts and assets less than the set amount.
- Estimate your after-tax income for the next 12 months to be less than the set amount.
You can check your eligibility with our easy to use tool.
Time to complete: 3 mins