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Debt Agreement

Discussion in 'Accounting, Tax & Legal' started by zengin, 23rd May, 2010.

  1. zengin

    zengin Member

    Joined:
    16th Jan, 2008
    Posts:
    9
    Location:
    Melbourne
    Hi All

    I am looking to get in to a Debt Agreement but I been offered 2 options with 2 different firms on how to go about it .

    One option was Part 9 and the other was part 10 which at that time I did not realise that they may be major difference's specially that I am a director of a trust ( company ) and I believe part 10 wont let me be the director if I choose to go that way . :mad:

    I am hoping that someone here will be able to explain it for me because both firms are pushing their way and I dont really know much about it only what they telling me .

    Thanks

    Zengin