Score Up are not Debt Administrators or members of (AFSA) The Australian Financial Security Authority, and we do not offer any products or services in relation to Insolvency Options.

There are many companies that offer these services however they charge high fees.

Please refer to the following link below for the Australian Financial Security Authority (AFSA) is an Australian executive agency part of the portfolio of the Attorney-General that primarily exists to handle bankruptcy applications. The agency was formed in 1999 with the passing of the Public Service Act 1999, succeeding “Insolvency & Trustee Service Australia”. AFSA is committed to supporting Australians experiencing financial difficulty by providing the right tools and information.

If you are struggling financially; you are not alone, and support is available. It is important to get help early and understand your options.

https://www.afsa.gov.au/insolvency/cant-pay-my-debts/what-are-my-options

You can also get advice from trusted sources such as accountants and business advisors as well as those who specialise in insolvency.

AFSA’s website contains contact details of registered personal insolvency practitioners:

• Register of trustees
• Practicing registered debt agreement administrators

Talk to your creditors.

If you are having immediate difficulty making your repayments, talk to your creditors. This could include your bank and the companies that provide electricity, gas, internet, and phone services. They may have hardship programs or may be able to offer flexible payments or a lower interest rate.

It is important to note that some creditors may set terms and conditions, or requirements that may be legally enforceable and you may wish to seek your own independent advice before making a decision.

For more information on creditor requirements about hardship requests, visit ASIC’s Moneysmart website.

Below are some other free, independent, and confidential resources and services available to help with financial hardship.

• ASIC Moneysmart – Urgent help with money
• Ask Izzy – Find the help you need, now and nearby
• Services Australia – Getting help during coronavirus (COVID-19)
• Australian Banking Association – Financial Assistance Hub

The following are options you may be able to avail off once you speak to a registered agent or AFSA-

Each option has different impacts, depending on your circumstances.