de Jonge Read

24/06/2026

Part IX and Part X agreements generally deal with unsecured debts. This includes debts such as credit cards, personal loans, and other obligations where there is no asset attached.

Secured debts, such as a home loan or car loan where the lender has rights over the asset, are treated differently and usually continue outside the agreement.

Understanding which debts are included, and which are not, is an important step in assessing how the agreement would work in practice.

If you are unsure how your debts would be treated, our team can help to review your position in detail.

22/06/2026

Part IX and Part X are usually considered when debts have become difficult to manage.

Part IX may apply if your income, debts, and assets fall within certain limits.

Part X may apply if your situation is more complex or those limits are exceeded.
Both options involve working out an agreement with creditors.

Understanding when to consider these options can make a difference.

If you are unsure whether you qualify, our team can assist in reviewing your situation and identifying which option may be available for your circumstances.

19/06/2026

The key difference between a debt agreement and bankruptcy is control.

With Part IX or Part X, you are entering into an agreement with your creditors about how your debts will be handled. With bankruptcy, a Trustee takes control of your financial affairs. Debt agreements can allow you to manage your debts in a structured way, without going through full bankruptcy.

Each option has different consequences, so understanding the difference is important. What matters is whether the outcome is manageable and realistic for your situation.

If you are weighing up your options, it can help to talk through what each path would mean for you. Speak to our team today for more information.

16/06/2026

Grateful to read this. We know how overwhelming this process can feel, so hearing that someone felt reassured and looked after along the way really means a lot to our team. 🙏🏻

15/06/2026

For years, super was one bill you could time. You paid it quarterly, and if a month was tight, that deadline gave you a little room to breathe.

From 1 July 2026, that room is gone.

Super now has to be paid on every pay run, at the same time as wages. And in the same week, award wages and the minimum wage go up. Two costs landing together.

For a business already trading on a thin buffer, this is not a small adjustment. It changes when cash leaves, and it shortens the time between falling behind on super and that shortfall becoming your personal debt.

If you are already keeping an eye on your cash flow, the time to look at the numbers is now, not in July.

A confidential, obligation-free conversation costs nothing. Getting clarity early, while options still exist, is always easier than managing a crisis once one has started.

Call 1300 765 080 or read the full breakdown here:

From July 2026 super leaves your business every payday, not quarterly. See what payday super means for your cash flow and how to protect your position

15/06/2026

Part IX and Part X are both ways to deal with debt without going bankrupt, but they are not the same.

Part IX has limits on how much you earn, owe, and own, and if often used for simpler situations. Part X does not have those limits and is more flexible, and most often used where debts are higher or more complex.

Understanding the difference can help you work out which option may apply to you.

If you are unsure, it can help to get clarity on which pathway fits your situation, contact our team for a obligation-free cost-free consultation.

10/06/2026

A Part X agreement is a more flexible way to deal with debt.

It allows you to propose a tailored arrangement to your creditors based on your situation. This might include a lump sum payment, selling assets, or making structured repayments. There are no strict income or debt limits like Part IX.

It is often used where the financial situation is more complex. If you are dealing with larger or more complicated debts, this may be an option worth exploring.

10/06/2026

A Part IX Debt Agreement allows you to come to an agreement with your creditors to repay your debts over time.

In many cases, this involves paying back a reduced amount. It is generally available to individuals with lower levels of debt and income. Once accepted, it becomes a formal agreement that replaces your existing debts. It can provide a structured way to deal with debt without entering bankruptcy.

If you are trying to manage ongoing repayments, what matters is whether you meet the eligibility limits and can maintain the agreed terms over time. Speak to our team to understand the viability of this option today.

08/06/2026

Bankruptcy is not the only option when dealing with unmanageable personal debt.

There are formal alternatives available, including Part IX Debt Agreements and Part X Personal Insolvency Agreements.

These options allow you to reach an agreement with creditors to deal with your debts, often without going bankrupt.

What many people do not expect is that these options apply in different situations.

Part IX is generally used where income, debts, and assets fall within certain limits. Part X is typically considered where the situation is more complex or those limits are exceeded.

Understanding which option may apply depends on your financial position. If you are exploring alternatives to bankruptcy, it can be helpful to speak with our experienced team about which option may apply to you.

05/06/2026

One of the most common questions is what happens after bankruptcy ends.

Bankruptcy usually lasts for three years. At the end of that period, most debts are cleared.

What many people do not expect is that some debts still need to be paid.
This can include things like court fines, child support, HECS-HELP debts, or any new debts incurred after bankruptcy. Your credit file will also continue to show the bankruptcy for a period after it ends.

This means that while bankruptcy provides a structured way to deal with overwhelming debt, it does not remove every obligation.

Understanding what continues after bankruptcy is an important part of deciding whether it is the right option.

If you are trying to understand what life after bankruptcy may look like, it can be helpful to explore this in more detail before moving ahead by speaking to our experienced team today.