Personal Insolvency

Personal Insolvency and Bankruptcy

Take the worry and stress out of Personal Insolvency and Bankruptcy with a team you can depend on.

Personal Insolvency Agreements (PIA)
Compositions (Section 73)

Personal Insolvency Agreements (PIA)

A Personal Insolvency Agreement (Part X) is a legally binding agreement between you and your creditors to avoid bankruptcy which is often a better outcome both for you and your creditors.

Whilst each circumstance and Personal Insolvency Agreement is different, it is common for a Personal Insolvency Agreement to allow you to continue to hold any property you may own and also retain any income you may earn whilst you adhere to the terms of your Personal Insolvency Agreement.

A Personal Insolvency Agreement involves the appointment of registered trustee to take control of your property, investigate your affairs and put forward an offer to your creditors. Your offer will usually be a lump sum payment or payments via instalments.

Following the completion of your Personal Insolvency Agreement, you are released from most of your debts.

Whilst thousands of Australians go bankrupt each year, there are less than 250 Personal Insolvency Agreements that are put forward to creditors on average each calendar year. At Romanis Cant, we have conducted over 100 Personal Insolvency Agreements  with a success rate of over 95%. We work with you to gather the necessary information and provide you with practical advice in order to ensure that you have the best possible opportunity to avoid bankruptcy.

Our Industries

Romanis Cant have acted as Administrators, Liquidators, Controllers and Receivers over companies that have operated in a range of industries such as


Property Development


Retail Trade




Professional Services

Personal Insolvency

Guiding you through Insolvency with clarity, integrity and understanding

Personal Insolvency can cause havoc on everyday life. Romanis Cant have undertaken a large number of personal insolvency appointments, so you can rest easy knowing you are in capable, trusted hands. Our experience has exposed us to a number of different personal assets and matters that have been resolved for the benefit of all stakeholders. No matter how complicated the situation, we have the expertise to handle it.

Our Insolvency Team

Our team love their work