The Profession
The Debt Agreement Administrators profession is a crucial segment of the personal insolvency regime. Debt Agreements are returning significant dividends to creditors and have been shown to impact on creditors yields to a far greater extent than any other insolvency regime.
It is crucial that all Debt Agreement Administrators conduct their practices in a professional and ethical manner, be cognizant of their fiduciary and statutory obligations both to protect the interests of all stakeholders and to uphold the integrity of the personal insolvency regime. To assist members understand their obligations, DAPA has issued a Code of Professional Conduct. All DAPA members agree to be bound by the code.
Latest News
DAPA welcomes Fabrizio Urrutia a Compliance Manager with SRMC as a new Associate Member.
DAPA welcomes Cade Couch, a Compliance Manager with SRMC as a new Associate Member.
DAPA would like to welcome Rasad Merchant, Bankruptcy Team Leader at GE Money as an Associate Member.
It is essential that practitioners take note of the following order, made in the Federal Magistrates Court of Australia:
Accounts Control Management Services Pty Ltd -v- ...
Those granted an ACL and promoting misleading advertising will quickly find themselves on the regulator's hit list.
The regulator released new guidelines in February 2012 to ...
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Since the reform of the Bankruptcy Act in 2007 a substantial set of changes have taken hold of consumer debt and personal Insolvency. There has been amalgamation and consolidation because of the Global Financial Crisis, pressuring corporations, banks and financial institutions to change their structures and business models.