Part IX Debt Agreements

If your debts are out of control and you see no way out then a Part 9 Debt Agreement could be your saviour.

Are you overwhelmed with debt?

Avoid bankruptcy with a Debt Agreement

Do you feel yourself spiralling towards bankruptcy? Stop what you’re doing and see if you are eligible for a Part IX Debt Agreement here. It could literally change your life.

Otherwise known as a Formal Debt Agreement, it involves an authorised administrator negotiating a legally binding agreement with your creditors to settle a portion of your unsecured debts over a set period of time.

If approved, your debts will be combined into one with reduced repayments and/or a reduced total debt amount.

This is a great opportunity to become debt-free, although there are a few things to consider, which we discuss further down this page.

Apply in less than 5 minutes:

Avoid bankruptcy with a Debt Agreement

What is a Debt Agreement?

What is a Debt Agreement?

  • Debt Agreement services can be offered by valid AFSA registered debt administrators, such as our affiliate, Debt Fix.
  • A Debt Agreement allows you to pay a percentage of your total debt or to repay the debt over an extended period, depending on your financial capacity.
  • To start a Part IX Debt Agreement, your administrator will negotiate with your creditors, who will then vote on the proposal. If creditors representing more than 50% of the total debt agree, the entire agreement is approved and comes into effect.
  • Once the agreement is active, your debts are combined, interest is immediately frozen, and you will only make payments to the administrator for the duration of the agreement.
  • After completing a Part 9 debt agreement, any debts that were completed will be 100% cleared.

A Part IX Debt Agreement is a great solution to manage your debts, however there are some factors to consider. These are discussed in greater depth further down this page, but include:

Only unsecured debts can be included Entering into a formal debt agreement will have an impact on your credit history There is a set eligibility that must be met Debt agreements fall under the bankruptcy act 1966.

Get debt support today with our help.

A Part IX Debt Agreement is a great solution to manage your debts, however there are some factors to consider. These are discussed in greater depth further down this page, but include:

Only unsecured debts can be included Entering into a formal debt agreement will have an impact on your credit history There is a set eligibility that must be met Debt agreements fall under the bankruptcy act 1966.

Get debt support today with our help.

Key Benefits Of Part IX Debt Agreements

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Reduced debt amount

Depending on your situation, the creditors flexibility and your administrator’s competency, you are likely to pay significantly less than you were before the commencement of the debt agreement.

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Only pay the administrator

You will make payments to the administrator, who distributes the funds to creditors. This means you only have 1 regular payment to worry about.

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Clear route to becoming debt free

Once all payments are made, you will released from the included debts. This means your dreams of life without debt can come true.

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It’s in creditors best interest to approve

A debt agreement offers creditors a chance to recover some of their money, which they wouldn’t receive if the client filed for bankruptcy, making them more likely to agree.

What our clients say

January 6, 2026

It is a big relief to have spoken to someone that was very helpful in the situation that I am in and my goals. Glad I reached out and got the assistance I needed. Highly recommend anyone feeling overwhelmed with debt speak with Pat and his team you will be heading in the right direction. It was a great experience. But I was hesitant at the beginning but so glad I reached out.

December 23, 2025

Pat was Super helpful in understanding of my goals moving forward and helping me see how achievable it can be to reach them. Very easy person to talk too and not scared to have have laugh and joke through the process which made me feel really comfortable. Recommend dealing with Pat. Shout out to Pat!!!!

November 21, 2025

I spoke with Pat today and he was absolutely wonderful. He wasn’t judgemental and he understood everything about my life basically and wanted to help. I recommend him to anyone that’s in financial difficulty. Because the way he has assisted me with my major problem was fantastic. I gave him 5 out of 5 because he was so good and because of him I will have a great night sleep with no more stress.

September 26, 2025

Spoke with Pat, he was very clear with every step of the process, made sure that I knew and understood certain terms or information and was able to provide me a solution/plan to help with my debts.
Pat also made me feel comfortable and was non-judgmental towards my circumstances and situation.

June 4, 2025

Was an absolutely brilliant experience and outcome that I honestly didn’t think possible. He was extremely professional and very sympathetic to my situation and genuinely listened and cared about what I was saying. Can’t recommend him highly enough. And thank you doesn’t feel enough…

March 17, 2025

Pat was amazing to talk to, I had my doubts of what was suggested but he put my mind at ease and explained everything clearly. He was very patient with my questions and my initial hesitation. Thank you Pat!!!

February 14, 2025

very user friendly application online form. the website is secure and runs smoothhly.only 4 minutes to apply online. excellent products. 5 stars from me welldone team thankyou

December 16, 2024

Lauren was fantastic
Lauren helped me with my situation
I highly recommend

November 19, 2024

Went out of her way to come up with the best solution and was very helpful every step of the way. Was a pleasure to deal with.

November 15, 2024

I was so surprised by the ease and compassion I was met with by Pat and the team, they made something I was quiet embarrassed about easy to understand and far less overwhelming then I thought it was going to be, I’m so grateful for the help I received and chance to be back in control of my finances 🙂

November 8, 2024

The person was very nice spoken she explained everything very clearly. She made me feel very comfortable to speak with her.

October 14, 2024

Best Debt Managment Solution Company Keanue understood my financial situation and was helpful in guiding me to a solution that worked best for me. He communicated clearly and concisely without feeling pressured. Would recommend this company highly

Part IX Debt Agreement - considerations

Only unsecured debts can be included

Only unsecured debts such as credit cards, personal loans, and medical bills are covered. Secured debts like mortgages are not included.

Credit history impact

A Part IX Debt Agreement is listed on the individuals credit file for five years (or longer in some cases), affecting their ability to obtain credit during that time.

Must meet eligibility criteria

To qualify, the individual must be insolvent (unable to pay debts on time) and meet specific debt, income, and asset limits set by the Australian Financial Security Authority (AFSA). They also must not have been bankrupt or entered a Part IX debt agreement in the past 10 years.

Falls under bankruptcy act

A Part 9 Debt Agreement provides a formal legal framework that protects both the individual and creditors, allowing for reduced payments and preventing further legal action on included debts. However, it remains on your credit report for five years, and non-compliance can lead to termination and potential bankruptcy.

Why should I apply for a formal debt agreement

Why should I apply for a formal debt agreement?

Australian Lending Centre work with Debt Fix Pty Ltd to provide Part IX Debt agreements and help Australians out of debt.

Apply with no obligation by hitting the button below. If we can’t help, then we can automatically fast-track you to our partner, Debt Fix who could.