Part IX debt agreement eligibility
| Limit | Bankruptcy Act | |
|---|---|---|
| Unsecured debts and assets
A person cannot propose a Debt Agreement if their unsecured debts are more than this limit. A person cannot propose a Debt Agreement if their divisible property is more than this limit. |
$100,664.20 | s.185C(4)(b) and (c) |
| Income level
A person cannot propose a debt agreement if their after tax income for the year is more than this limit. |
$75,498.15 | s.185C(4)(d) |
| Limits updated twice a year: 20 March and 20 September | ||
