Learn what happens after your personal insolvency agreement is accepted. Understand trustee roles, asset management, and creditor obligations under your agreement.
A personal insolvency agreement is designed to provide relief from most unsecured debts while allowing for negotiation with creditors regarding repayment terms.
If your personal details or circumstances change, you need to let your trustee know. Find out how to update your agreement.
If you're struggling to keep up with the repayments for your personal insolvency agreement, consider varying or terminating your agreement.
Once your obligations and payments are finalised under your personal insolvency agreement, contact your trustee to request a confirmation letter.
When your agreement ends, most of your debts are released and you no longer need to pay them. However, there may be some debts that you still need to pay.