Debt Agreements
Santoro & Co is a Sydney accounting firm specialising in tax and insolvency practices. We have been providing our financial services to both individuals and business for over 20 years in Sydney. We offer our clients a wide range of financial advice and services including but not limited to;
- Bankruptcy & Insolvency
- Debt Agreements
- Debt Consolidation
- Debt Solutions
- Superannuation for business and individuals.
- Accounting Services for business and individuals.
- Refinancing
- Credit - How to fix your credit rating.
Many clients come to us seeking help with their existing debt. We help our clients with their refinancing loan needs to consolidate their debts into one easy monthly repayment plan or help our clients secure debt agreements with their creditors to ease the pressure that overdue bills can cause us.
Debt Consolidation is one relatively quick way for our clients to get out of financial difficulty. There are several different ways that we can help you better manage your debt with debt consolidation but it will depend largely on what your financial situation is. We don't all have the same financial situation and what may be a very good debt solution for one client may not be an option for another. For this reason, we encourage to contact us for a one on one consultation to discuss your specific needs.
A debt agreement is an agreement between you and the creditor to repay the outstanding debt. There are different types of debt agreements in Australia that we can help you with from an informal debt agreement with your creditors to a part 9 debt agreement which can put your repayments on hold for a period of time until you can afford to start repaying your debt, and payment is made through regular instalments. The disadvantages of entering into a Part 9 debt agreement also need to be taken into consideration. These include your name being placed on the National Personal Insolvency Index, adverse impact on your credit rating, which may result in higher cost or greater difficulty in obtaining future finance. For this reason, it is important to seek personal consultation to weigh up your options.
We pride ourselves on being the most helpful debt agreement administrators in Sydney and helping our clients put forward the right debt agreement proposal to their creditors. Bankruptcy help is available with our staff well versed on how best to service the needs of our clients. Both individuals and businesses facing insolvency can get the best financial advice at Santoro & Co.
As CPA accountants, we are experts in providing both business and Individual tax services. We also help our clients with their business plans to help grow their business into the future in our role as business advisors.Taxation and Superannuation laws are constantly changing and all of our staff is kept up to date via both in-house training and attending various seminars conducted by professionals within the industry.
We can also help you get your credit rating back with advice on how best to restore your credit. Your credit rating is easily tarnished and it can be just as easy to restore but it does take a little time.