Part X Personal Insolvency Agreement
Form number: Part X PIA
A flexible, formal agreement under Part X of the Bankruptcy Act used when your debts, income or assets exceed the Part IX thresholds. A registered trustee (not just an administrator) controls a pool of your assets/income to pay creditors over an agreed period. Typically used by higher-income earners or business owners with significant assets.
Official source
afsa.gov.auRelated topics
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