Personal Insolvency

Personal Insolvency

Pearce & Heers Insolvency Accountants specialise in providing advice and assistance on personal insolvency to people who are unable to pay their debts and who are in financial difficulty. We provide a full range of formal and informal services, including assisting with the following:

Bankruptcy

A person who cannot pay their debts can voluntarily file for bankruptcy or one of their creditors can apply to Court to make the person bankrupt. We specialise in providing advice to individuals regarding bankruptcy and administering bankruptcy appointments.

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Section 73 Compositions

A person who is bankrupt can put a proposal to their creditors which if accepted results in their bankruptcy coming to an end.

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Personal Insolvency Agreements

A Personal Insolvency Agreement is an alternative to bankruptcy. It involves an individual putting a proposal to their creditors which if accepted results in the person avoiding bankruptcy. We specialise in advising on and administering Personal Insolvency Agreements.

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Part IX Debt Agreements

A Part IX Debt Agreement is an alternative to bankruptcy for people who have net assets, creditors and income of less than prescribed limits. It involves an individual putting a proposal to their creditors which if accepted results in the person avoiding bankruptcy.

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Informal Arrangements and Settlements

We assist individuals settle debts which they owe or legal claims against them which they cannot pay. If successful, this results in a person avoiding bankruptcy or another type of insolvency appointment.

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General Advice and Assistance

We specialise in providing general advice and assistance to individuals with financial problems, including tax debts, credit card and loan debts and debts owed as a result of personal guarantees.

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If you would like to obtain further information in respect of your company’s financial circumstances, please contact our Brisbane or Gold Coast office and our experienced staff will be able to assist you.