Credit Counsellors Australasia

In a paper published jointly by Consumer Credit Legal Service Inc and Eastern Access Community Health, November 2005 the authors are scathing not only of the process of Part IX in general but also of both administrators and brokers. As to administrators the paper states:

“the debt agreement administrator can charge fees ‘up front’ and as [...]

The measure of contempt of the system, in its early stages from creditors can be gauged by the volume of rejected proposals during the period 1996 at the introduction of the legislation to June 2005. During that period 31,020 proposals were accepted for processing by the Official Receiver, 21,014 proposals were accepted by creditors and [...]