Debt Agreement Case Study #state #debt #clock



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Debt Agreement Case Study

The Solution

Fox Symes assisted John and Jocelyn in the preparation and submission of a Debt Agreement. A Debt Agreement is a formal arrangement between John and Jocelyn and their creditors.

The Debt Agreement would mean John and Jocelyn would have to pay $410 each month for 4 years to their creditors. In total they would pay their creditors $19,680. Their creditors would agree agreed to waive all interest on their debt and accept $19,680 of the $32,800 they owed or 60c in the dollar as full and final settlement of their debt. At the end of 4 years John and Jocelyn would be debt free.

With the assistance of Fox Symes, creditors approved the Debt Agreement. Fox Symes is the largest provider of debt agreements in Australia.

Fox Symes is the largest provider of debt solutions to individuals and businesses in Australia. Fox Symes helps over 100,000 Australians each year resolve their debt and take financial control.

If you are in debt and want to know more about the solutions available to you contact us on 1300 098 127 or fill out the short contact form .

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