Fees for Debt Agreements vary. Typically, they include:
- A set-up fee: This is a fee charged by the Administrator or Trustee which covers the cost of setting up your proposal.
- AFSA lodgement fee: This is fee that the Federal government charges for lodging your proposal.
- Administration Fee: This is a fee charged by the Trustee or Administrator for managing your Debt Agreement if it is accepted by your creditors.
- AFSA Realisations Charge: This is a Federal government levy which is charged when your proposal is accepted. It relates to the cost of AFSA overseeing the running and handling of Debt Agreements by Trustees and Debt Agreement Administrators.
Please contact BT Acumen for more details about fees.