Bankruptcy vs. Debt Repayment Plans | Managing Your Repayments

Описание к видео Bankruptcy vs. Debt Repayment Plans | Managing Your Repayments

Bankruptcy and debt agreements provide structured ways to manage overwhelming debt in Australia, but they differ in impact and process. Bankruptcy clears most debts but affects your credit rating and restricts financial activities. A debt agreement, on the other hand, allows you to repay a portion of your debt over time, avoiding bankruptcy's more severe consequences.

The Bankruptcy Advisory Centre offers expert guidance on both options, helping you assess your situation and choose the right path. They also provide debt negotiation services and explore alternatives like debt consolidation or voluntary management plans to help you regain financial stability and move toward financial freedom.

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