If you are being made Bankrupt or you are struggling with your debts and think Bankruptcy is your only option, there may be a better alternative for you. There are a range of Debt Solutions available in the UK that could be more beneficial for your situation than Bankruptcy.
The alternative debt solutions available range from informal agreements such as a Debt Management Plan, to more formal agreements such as a Debt Relief Order, IVA or Trust Deed (for residents of Scotland). There are also more alternative solutions such as Remortgaging and/or Debt Consolidation for those of you who are homeowners.
No Debt Solution should be entered into lightly. You want to make sure you are opting for the best choice for your situation. The best way to find out all of your options is to speak to one of our experienced Debt advisors, who will do an analysis of your current situation, including your debts, incomings, outgoings etc... They will then go through ALL of your options and suggest what is best. It is then up to you to think about how you would like to proceed.
We could help you to:
- Reduce your monthly debt repayments to something more manageable
- Get a percentage of your debts written off
- Avoid Bankruptcy
- Avoid Repossession