Debt After a Breakup: How Debt Rescue Can Help

Our team of professionals at Debt Rescue have years of experience helping Australians navigate through relationship breakdowns. We’ll put a plan in place which allows you to get your finances back on track so you can focus on healing yourself, instead of having to worry about your financial future.

Combine Your Debts

Combine your unsecured debts into one, easy-to-manage repayment based on your budget. Repay your debts in as little as 3 years!

Negotiation with Creditors

Our team negotiate with creditors on your behalf and on your terms – not theirs, so you can reach a fair outcome between all parties.

Stops Creditor Harassment

All calls and harassment from creditors will cease once they recognise you are working with our professional team.

Australia-Wide Service

Our services are offered Australia-wide. No matter where you are, if you’re struggling with debt, we can help.

Is it Legal for My Ex-Partner to Leave Me with Debt?

You are not legally responsible for your ex partner’s debt, whether you were married or not. The only way you are responsible is if you signed a loan contract as a joint borrower or guarantor. You are also responsible if you were a partner in a business. If the debt has your name on it, you may be held accountable if it’s not repaid.

Even if you did sign a contract with your partner, you still have options. It’s important to seek professional advice as soon as possible to see what steps you should take next. Money might be tight while you sort out your finances after you separate, but don’t ignore debt problems.

Joint Debts – What Should you do?

With any joint debts you have, such as mortgage, you are both liable to repay the whole amount. That means if your ex-partner doesn’t want to pay their share, the bank or lender has the right to ask you to make all repayments. Be sure to contact your bank or lender straight away and notify them of your break up.

Steps to Protect Your Finances After a Breakup

Bank Accounts – be sure to close any joint accounts. If there is any money available in them, you may want to distribute the funds between your ex and yourself – or use them to pay any joint debts.

Joint Accounts – if you have any joint accounts, you need to notify your lender immediately that there has been a separation. This allows the bank or lender to arrange statements to go to your new address. Make sure you keep a copy of all correspondence.

Credit Cards – if you have a joint credit card, it’s in your best interest to close the account and pay out what is owed. If you’re unable to pay the account in full, write to your lender letting them know of the separation and ensure that no further credit is given on the account. If your ex-partner has a second card on your credit card account, cancel it as soon as possible.

Utility Bills – Contact your utility providers to either transfer or disconnect any phone, electric, gas and water accounts if you plan to move out. If your ex-partner is the one moving out, ensure that all of the utility bills are updated to be in your name only.

Rent – If you and your partner were renting a place together and were on the same lease, you will need to negotiate with the landlord to be released from the rental agreement. If you don’t, you may still be liable for rent after you leave.

"My experience once being handed over to Debt Rescue has been easy and I've been updated frequently on progress and next steps. Very happy with the service."

Our Solutions

Our professional team understands each person’s circumstances are different, which is why we offer a wide range of solutions which can be tailored to meet your needs.

Debt Agreement

A Part 9 Debt Agreement is a legal and binding agreement with your creditors. A Debt Agreement outlines a new payment arrangement which will reduce your debts, pause your interest, reduce your payment amounts and generally last between 3 to 5 years.

Debtstroyer Agreement

A Debtstroyer Agreement (Informal Agreement) is a private arrangement between you and your creditors outlining a new payment arrangement based on your budget. It reduces repayments and pauses interest on your debts.

Debt Consolidation

Debt Consolidation allows you to combine your unsecured debts into a new personal loan or into your home loan. By doing this, fees and interest are reduced and you only need to focus on one affordable payment rather than multiple.


Bankruptcy is the legal process of declaring to your creditors that you don’t have enough money or value in assets to repay your debts. It eliminates your debts and provides you with a fresh start on which to rebuild your finances.

Business Debt

We offer a range of formal and informal business debt relief solutions to help turn your business around such as business debt negotiation, business turnaround, Voluntary Administration and Company Liquidation.

Budgeting Services

Budgeting is an important tool in managing your finances and avoiding stressful situations like missing bills or falling into debt. At Debt Rescue, we can provide the budget help that best suits your financial situation.