Personal Insolvency Agreement (PIA)
BAD DEBTS? Are you stressed from Debt Collectors calls? Debt Fix Can Help
Need to fix your debts? Been turned down for finance in the past? Thinking about bankruptcy?
Before you do anything, Debt Fix can help.
What a lot of people don't realise is that there is an alternative to bankruptcy, that offer relief and protection from creditors
If a Debt Agreement is not the most suitable solution for you, then perhaps a Personal Insolvency Agreement (PIA) is. As an alternative to bankruptcy, a PIA is another way to deal with unsecured debts.
Essentially a PIA is a legally binding agreement with your creditors which must first be approved by them.
Once approved by your creditors, a PIA will protect you against any further legal action which they may have been entitled to take against you. With a PIA, you and your creditors come to an agreement as to what you'll pay.
Once approved, the interest on your debts will be frozen. This will enable you to make one single regular payment over the period of your Personal Insolvency Agreement.