Liquidation Direct
INSOLVENCY, LIQUIDATION AND BANKRUPTCY EXPERTS
1300 767 525
CALL US NOW — 24 hours 7 days
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What happens if the Personal Insolvency Agreement is rejected by creditors?
In initiating a Personal Insolvency Agreement, is necessary that the debtor signs an irrevocable Section 188 Authority. Signing the authority is an act of bankruptcy which means that if the PIA is not accepted or accepted and then it fails, creditors will be able to rely upon the Section 188 Authority in petitioning for bankruptcy.
1300 767 525
CALL US NOW — 24 hours 7 days
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