Debt Agreements

[purebaby]

Nope, not bankruptcy. We are paying back all our debts, every cent! ., when you declare bankruptcy you do not pay back your debt.
There is a big difference between the two.
We still have our home and Our home loan remains exactly the same and is not affected by our DA at all. (I am assuming if you went bankrupt you would lose your house?), and there are no limits on how much money we can earn etc. Our credit rating would be affected in a similar way though to bankruptcy being on our credit rating for 7 years, and you are registered with ITSA as well.