Debt Repayment Order (DRO)
A Debt Repayment Order (DRO) is probably the best insolvency option for you if you owe less than $50,000 in unsecured debt and are able to make some repayments on your debts.
No Asset Procedures
A No Asset Procedure (NAP) is probably the best insolvency option for you if you owe less than $50,000, have no assets and have no extra money to make repayments on your debt.
Bankruptcy
Bankruptcy may be a good insolvency option for you if you owe more than $50,000.
Comparison table
Use the comparison table to determine the best solution for you.