Personal Insolvency Agreement kit

Personal Insolvency Agreement.png
Personal Insolvency Agreement.png

Personal Insolvency Agreement kit

29.00

Get everything you need to apply for personal insolvency yourself and get a fresh start with this simple to follow kit. Includes an easy to complete personal insolvency deed template. 

What's included?
✓ Personal insolvency application form
✓ Deed template - easy to complete
✓ Step by step instructions
✓ Simple explanation of the law
Does not include Court or government fees

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DIY PERSONAL INSOLVENCY AGREEMENT

The purpose of a Personal Insolvency Agreement (PIA) is to make arrangements between debtors and creditors, which protect the debtor from bankruptcy, but ensures that creditors receive an equal benefit. The keystone of a PIA is that it’s subject to the management of a controlling trustee. 

A PIA results from creditors accepting a debtor’s proposal to settle their debts, however, unlike debt agreements, PIA’s are not subject to income, asset or debt thresholds. A PIA must be entered into by way of a Deed (included with this kit). 

WHAT'S INCLUDED IN THIS KIT?

This kit includes:

Personal insolvency kit - Fillable PDF 
PIA application form in an easy to fill PDF format and instructions to complete. PIA Information booklet and formal/informal options explained. 

Personal Insolvency Deed - Easy to complete Word template
Deed template with example wording and easy to complete fields, that is favourable to the debtor.

HOW IT WORKS

  1. Download the forms; 
  2. Save to your computer;
  3. Complete the forms following the instructions;
  4. Submit the forms and pay the fee.