Protected Trust Deed

Your trustee will expect to be paid a fixed administration fee and an additional fee based on a percentage of funds collected during the trust deed, for the work done in administering your trust deed. Once the trustee’s fixed fee has been set it may only be increased with the consent of creditors or by the Accountant in Bankruptcy. Your trustee will be paid before any money is available to repay your creditors.
If we don’t think a Trust Deed is in your best interest, we will advise you on another debt insolvency option.

Debt Arrangement Scheme

Fees will be applied for the administration of your debt payment programme. You will not be responsible for paying these. They will be deducted from the payments you make before your creditors are paid. The DAS Administrator fee is 2% and fees for the others involved in the programme is 20% of the sum due to be paid to your creditors. Therefore, if you complete the debt payment programme you will have paid your debt in full with your creditors receiving 78% of what they were owed.

Sequestration

The costs of administering your bankruptcy will be met from funds accumulated from the sale of your assets and from contributions that you made from your income. These include the fees and costs of the trustee and will be paid before any payments are made to your creditors. The fees are charged on a time on-line basis and will be audited by the Accountant in Bankruptcy and approved by creditors.
Your initial consultation with us before committing is free of charge.