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Interactive guide
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If you can't pay your debts, first try talking to the people you owe money to. Approach them with a plan - know how much you can afford, and be realistic. Can you come to an agreement? |
yes no |
| Make arrangements to repay your debt |
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Consider a formal insolvency process such as Bankruptcy, No Asset Procedure or Summary Instalment Order - click here for an overview of options Do you owe more than $NZ40,000 (excluding student loans)? |
yes no |
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Do you have a surplus of income once all of your household expenses are paid or any valuable assets? (This means anything you own which would have a market value of more than $1,000 after any amount owed against the item has been repaid) |
yes no |
