"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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- What is your Money Confession? (Your biggest money win or stuff up)
- So far...having acquired a franchise business in a fantastic location with brilliant staff at an affordable price.
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Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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Miffy
I'd love to hear about your franchise. How did you come to buy into a franchise business and how did you weigh up which one to get?
I'm intrigued by your financial goal. Any reason for $3 million. Do you reckon this a doable amount?
I'm inspired by someone who is so focused.