A financial advisor can also help you negotiate an informal agreement and avoid bankruptcy or a debt agreement! You should get some information about entering into a debt agreement and your alternatives if you are first going to a debt contract manager or other party that offers access to debt agreements. This must be at least 5 days before the conclusion of the debt agreement and, in our experience, it can take many months before a debt agreement is actually proposed. They must also be informed in writing at least one day before the conclusion of the debt contract. This communication should contain details of your specific agreements, including the fees you will pay, and some general information about debt agreements and alternatives. You can obtain information about debt Agreements at any time from the Australian Financial Security Authority at www.afsa.gov.au. . . .