Debt Agreement – change in thresholds

Part IX debt agreement eligibility

LimitBankruptcy 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.

$100,664.20s.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.

$75,498.15s.185C(4)(d)
Limits updated twice a year: 20 March and 20 September

Debt agreement change in thresholds - Tax forms


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