A personal insolvency arrangement (PIA), is the only insolvency solution that has an appeal process.
If your creditor(s) reject the PIA proposal and you meet the relevant criteria, your personal insolvency practitioner (PIP) can apply to the court for a court review.
Your PIP will lodge the required documents in the court office within fourteen days of the creditor(s) meeting to start the process. The court office will schedule a hearing. You will never be required to attend court, but you can attend if you wish.
A creditor can also make their own objection to your PIA. The judge may request further documents and affidavits to support the applications and allow four to six weeks for these to be submitted to the court office.
The court has the power to overturn any rejected PIA proposal if they believe it is a reasonable proposal. If the rejection is upheld, your PIP will advise you on your remaining options.
