Most people in insolvency find relief in their debt agreement. Generally, the most challenging time was managing the debt before Part 9. However, now that time has passed, you are seeking finance options to better your situation. therefore, you are in a debt agreement and looking for information about your finance options. As a result, see below the finance available while in a debt agreement.
First of all, Yes, you can refinance your home & combine your debt agreement. However, the part 9 debt agreement must be paid and discharged at settlement.
Secondly, Yes, you can buy a house while under a debt agreement. However, your debt agreement would need to be paid out at settlement. As a result, the combination of paying the debt agreement plus lender and government fees may prevent you from buying.
Furthermore, Yes, you can obtain finance to buy a car and retain your debt agreement. However, your debt agreement would need to be up to date with good payment history.
Finally, a debt agreement cannot be paid out with an unsecured personal loan.