Part IX debt agreement eligibility
Debt Agreements are on the rise since people around Australia are trying to avoid going bankrupt thereby protecting themselves against losing any assets.
Its time of the year where we make resolutions to do things which are right, there will be a lot of firsts for the year for every one of us. Some of might want to lose that extra calories and some of us wants to have sound financial health before the start of the next year.
Savings your way out….
As we are approaching the festive season of Christmas and New Year, We all are ready with what we want to achieve in the next year. Some of us might want to get out of the debts and some of us are already in the process to be debt free and are looking to start saving.
From the 20th September 2012, the changes to Income, Debts & Assets thresholds are as follows:
- For the purposes of s.185C (4)(d), the “after tax income level” defined in that section is $73 259.55