PERSONAL INSOLVENCY
Individual Voluntary Arrangement (IVA)
A formal arrangement with your creditors to pay them as much as you can afford over a 5 year period in full and final settlement of your debts. The IVA enables interest charges to be frozen, debts to often be significantly reduced, protection to be gained from creditor actions or bailiffs and bankruptcy proceedings to be avoided.
Informal Arrangements
We can help you to reach an informal agreement or mediated settlement with one or more of your creditors to make a single, reduced payment in full and final settlement of outstanding obligations.
Bankruptcy
Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings:
free you from overwhelming debts so you can make a fresh start, subject to some restrictions; and
make sure your assets are shared out fairly among your creditors.
Debt Management Plans
We can help make arrangements for people to clear existing debt in full by making single monthly payments for the benefit of all creditors often with interest charges frozen.
Our associated company, Eurodebt, specialises in the provision of Debt Management Plans.
Further information about IVAs and bankruptcy is available by following this link, Click on logo above.
Further help may be available by clicking on this logo link.
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