DEBT AGREEMENT PART 5 of 5

When does a Debt Agreement end?

a. the debtor has completed all their obligations and payments.
b.the court orders the debt agreement be terminated or declared void.
c.the debt agreement is terminated by creditors.

FEES & CHARGES:

Debt agreement administrators and other advisers may charge a fee for providing information and preparing debt agreement forms.
Debt agreement administrators also charge a fee for receiving and distributing the money.This must be taken as a percentage of each payment made by the debtor.Funds realised by an administrator are subject to a realisations charge ( a government levy) which is paid by the administrator directly to the government. Any interest earned on funds realised by a registered debt agreement administrator is payable to the government.