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Combine your debts

Part 9 Debt Agreement

If you’re struggling to repay your debts, are receiving calls from debt collectors and are starting to default on your repayments, it’s time to look at a debt relief solution to alleviate stress and get back on track. A Part 9 Debt Agreement is a legal and binding agreement between you and your creditors that allows you to make regular payments based on what you can afford, rather than what is owed.

Debt Agreements fall under Part 9 of the Bankruptcy Act 1966 which means it is considered a form of Bankruptcy. However, it’s very different from declaring Bankruptcy itself and doesn’t carry the same consequences and limitations. At Lanyana Financial Group, we specialise in helping Australians through the Debt Agreement process, from start to finish. We have helped thousands of Australians regain financial control and settle debts – without Bankruptcy.

With years of experience helping Australians through the Debt Agreement process, our expert team will get your finances back on track and alleviate debt stress quickly.

Need to know

Benefits of a Debt Agreement

  • Reduces your total debt amount – we negotiate with your creditors to reduce your debts by up to 80%.
  • Combines your debts – instead of multiple payments, a Debt Agreement will combine your debts into one, affordable payment.
  • Eliminates interest – interest and fees on your existing debts will be paused.
  • Stops harassing phone calls – creditors and debt collectors must cease recovery action once you are working with us.
  • Alleviates stress – a Debt Agreement will allow you to repay your debts, regain financial control and get on with your life.
  • Debt free in as little as 3 years – Debt Agreements generally last for 3 to 5 years, depending on if you own property or not.

“The customer service I received from Jacqueline my case manager is satisfying, stress free and details of information given are well understood. It's a 100% yes to tell others about your excellent service.” - Jackie

How it works

The Debt Agreement Process

Once you engage us at Lanyana Financial Group, we become the authority on your debts and your creditors speak directly to us. This immediately puts an end to those harassing phone calls from creditors while we get your solution in place.

With your help, we’ll take care of all the necessary documents, negotiate with creditors on your behalf and organise the application – so you can sit back and breathe easy.

The payment amounts, terms and time frame of the Debt Agreement are proposed by you depending on what you can afford. Your creditors will then vote whether to accept or reject the proposal. If the majority of creditors accept, all creditors are bound to the agreement – whether they vote or not.

Our Case Managers have years of knowledge and experience helping Australians get out of debt and find the best possible outcome for our clients.

If you’re experiencing financial distress, we can help combine your debts into one, easy-to-manage payment so you can get back to what matters most.

What really counts

The Lanyana Difference

Lanyana Financial Group is a specialist financial company helping people move forward financially. We support Australian businesses and individuals with debt management and lending solutions.

Diversity

We offer an inclusive environment for all staff which is accepting of their differences, embraces their strengths and provides opportunities to achieve their full potential.

Holistic

We provide a holistic approach to financial freedom. We can help all Australians, no matter their situation and guide them through their solution from start to finish.

Australian Owned

Lanyana Financial Group is proudly Australian owned and operated. With a focus on customer service, our caring staff are always available to speak with our clients.

Tailored

We pride ourselves on offering tailored financial solutions to help Australian’s move forward financially. No two people are the same and neither are our solutions.

Transparent

Clear, unhindered honesty in the way we do business. In a time of financial hardship, our clients need reliable advice, clear information and respect. That’s what we offer.

Professional

Lanyana Financial Group is committed to professionalism. We maintain our integrity in our interactions with our clients, their creditors and our corporate partners.

“I was very happy with the way I was spoken to and Amy was very good to talk to and I could understand everything she was explaining to me. I am happy and thank you so much for helping me." - Sandra

They're good

Our Articles

Read more about Part 9 Debt Agreements and the debt relief solutions we offer in our articles below.

Rescue Your Finances with a Debt Agreement

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Part 9 Debt Agreement Consequences

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The Pros and Cons of a Debt Agreement

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Out of control debts? You’ve come to the right place. We’ll help you reduce interest and put a stop to those harassing phone calls.

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