The People's Alliance

💰 New Law to Help Fijians Clear Debt and Start Fresh

Cabinet has approved the Personal Insolvency, Financial Rehabilitation and Entrepreneurial Rescue Bill 2025, which will replace the outdated Bankruptcy Act from 1944.

🔧 Why it matters:
Many Fijians are stuck with debt and need a fair way to restart their lives, work, and provide for their families.

📌 What the new law includes:

• ✅ Debt Rehabilitation Order – A quicker and easier system for clearing small debts.
• ✅ Debt Restructuring Arrangement – A plan where people can work with creditors to repay debts gradually.
• ✅ Debt Protection Moratorium – A 60-day pause on creditor action to give people breathing space to get advice and make a repayment plan.

🌱 Big picture:
This law aims to help honest citizens recover financially and contribute to Fiji’s economy, rather than be trapped in lifelong debt.

🗳️ Next step:
The Bill will be discussed further in Parliament.

🙏 Message from Hon. Bainivalu:
“Thank you for your support as we build a fairer and stronger Fiji.”