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Debt agreements and how to avoid unnecessary debt traps

  • Written by Vivien Chen, Lecturer, Monash Business School, Monash University
imageIn many cases there are better ways than debt agreements to wipe out your debtFlickr (creative commons)

Debt agreements are the fastest growing form of personal insolvency in Australia. They were designed to offer debtors a low-cost way to make arrangements with their creditors, while avoiding bankruptcy and some of its more serious consequences....