A debt assistance company is a company that focuses on providing you with information and services that allow you to manage your debts and regain financial control. Are you juggling several debts? Are you struggling to keep up with the pace of refunds? If so, it might be time to reflect on debt consolidation. In Australia, private bankruptcy is controlled by the federal government through the Australian Financial Safety Authority (AFSA). AFSA registers all debt contracts and bankruptcies. MyBudget was able to help them design an affordable budget that allowed them to avoid further fees and charges while paying their debt out. .