Debt Solutions

There are many debt solutions and different ways to resolve a debt problem. It doesn’t matter how bad you think your situation is we can help. Because for every problem, there’s always a solution. You can see a range of options below:

IVA

An IVA or also known as Individual Voluntary Arrangement is a formal solution which allows you to repay back an affordable monthly payment to your creditors.

Debt Management Plan

A Debt Management Plan or DMP is an informal solution which allows you to repay back your debts with one affordable payment each month.

Bankruptcy

Bankruptcy is a formal insolvency act which is usually a last resort if you cannot pay back your debts. Any assets you own is usually sold to raise funds to pay back your creditors.

Debt Relief Order

A Debt Relief Order or DRO is an alternative solution to Bankruptcy. If you owe less than £20,000 and cannot repay back your debts then this could be a viable option as oppose to Bankruptcy.

Other Debt Solutions

There is a range of other Debt Solutions which could help you. Some of the debt solutions we have mentioned are the ones we mainly specialise in.