Dictionary

  • Personal Insolvency Agreement

    (in the context of the Bankruptcy Act)
    Part 188A of the Bankruptcy Act 1966 (Cth) provides the requirements for a Personal Insolvency Agreements and states that “(1) A personal insolvency agreement is a deed that: (a) is expressed to be entered into under this Part; and (b) complies with subsection (2)”. Subsection (2) details the requirements of what must be contained in a Personal Insolvency Agreement.

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