Debt Agreement Administrators can assist you to enter into a Part IX Debt Agreement and then act as administrator of the agreement. Fees are generally charged for the initial assistance and the continuing administration.
Amendments to the Bankruptcy Act came into effect in 2007 which provided for greater regulation of Debt Agreement Administrators including the introduction of a requirement for Debt Agreement Administrators to be formally registered and to pass an eligibility test (except in limited circumstances).
The Inspector General is given wide powers to regulate Debt Agreement Administrators under the Bankruptcy Act.
All Full Members of PIPA are formally registered with AFSA.