Personal Insolvency Specialists
Personal insolvency is a daunting prospect for most individuals, and seeking debt relief can be a complex and taxing stressful. It is our goal at HM Advisory to provide a range of services and advice that address personal insolvency challenges, delivered clearly with respect and professionalism.
Our team supports clients from Perth to Melbourne, ensuring practical outcomes for every situation.
We are here to help
Our first consultation, whether you are a business or an individual, is free of charge and without obligation. Please feel free to email us at [email protected] or use the contact form below.
Overview Of Bankruptcy
Bankruptcy Services
Alternatives To Bankruptcy
What is Personal Insolvency?
Personal insolvency occurs when an individual cannot meet their financial obligations. It provides a structured path to manage debts, and rebuild financial stability.
In Australia, options include:
- Bankruptcy – The formal process to release most debts
- Personal Insolvency Agreements (PIAs)
- Informal arrangements with creditors
Real Solutions for Real Situations: Our Approach to Personal Insolvency
At HM Advisory, we provide practical, tailored support to help clients navigate financial challenges:
- Assess your situation – review debts, assets and obligations to identify suitable solutions
- Develop a tailored plan – structure Personal Insolvency Agreements or alternative options to bankruptcy
- Manage creditor interactions – act on your behalf to protect your interests and reduce stress
- Support you through the process – guide you step-by-step with clear, professional advice
Personal Insolvency Agreements (PIAs)
A Personal Insolvency Agreement (PIA) is a legally binding arrangement under Australian law that allows individuals to manage their debts without entering bankruptcy. It is designed for individuals seeking to put forward an offer to their creditors.
Who a PIA is suitable for:
- Individuals with significant assets to protect
- People with complex debt arrangements needing flexible solutions
- Professionals or business owners who want to continue operating while resolving debt
- Those seeking an alternative to bankruptcy with fewer restrictions
If you think this applies, we are here to assist. HM Advisory can assess your situation and advise if a PIA is the right solution, guiding you through the process from proposal to execution.
Why choose HM Advisory?
We never forget that we are helping real people in real situations. Our approach is professional, personal and fair:
- Trusted guidance: Helping individuals navigate Personal Insolvency Agreements and other arrangements with care and clarity.
- Committed to outcomes: Focused on achievable solutions that reduce stress and lay the groundwork for financial recovery.
- Personal, hands-on approach: Managing complex cases with care and expertise.
- Fair & considered advice: Protecting all parties’ interests from start to finish.
We are here to help
If you or someone you know may require our personal insolvency services, please feel free to contact us for an initial consultation – this is free of charge and without obligation.
Victoria
Level 21, 114 William Street
Melbourne VIC 3000
PO Box 117
Collins Street West VIC 8007
T (03) 8866 7600
F (03) 9428 4152
Western Australia
Suite 4, Level 3
16 Victoria Avenue Perth WA 6000
PO Box 6243
East Perth WA 6892
T (08) 9334 7400
F (03) 9428 4152
Queensland
Level 14, 15 Adelaide Street
Brisbane QLD 4000
PO Box 13127
George Street Brisbane QLD 4000
F (03) 9428 4152
New South Wales
Level 2, 263 George Street
Sydney NSW 2000
PO Box Q904
Queen Victoria Building NSW 1230
F (03) 9428 4152
FAQs
What does a Registered Trustee do?
A personal insolvency practitioner, or registered Trustee, assists individuals facing unmanageable debts. They assess your financial situation, explore solutions like personal insolvency agreements or bankruptcy, and liaise with creditors to reach fair, lawful outcomes.
How does personal insolvency work in Australia?
When debts become unmanageable in Australia, personal insolvency solutions can provide a way forward. Through bankruptcy or alternative arrangements, a registered Trustee helps protect your interests while giving you the tools to restore financial stability. From Brisbane to Melbourne, our specialists guide you through every step of personal insolvency with clarity and care.
Am I eligible for a personal insolvency agreement?
You may be eligible if you are insolvent, present in Australia (or have a residential/business connection), and haven’t proposed another PIA in the last six months. Whether seeking personal insolvency in Melbourne or Brisbane, a Trustee will review your financial situation and guide you on whether a PIA is suitable for your circumstances.
How can a personal insolvency agreement help me?
A PIA can prevent bankruptcy, provide flexible repayment terms, bind creditors to its terms, and, in some cases, protect assets. It empowers individuals to resolve debts responsibly while maintaining as much control and financial stability as possible. With dedicated care in Perth and Sydney, we help Australians find solutions to personal insolvency challenges.