Individual Voluntary Arrangement (IVA)

An IVA is a detailed and legally binding payment proposal to repay your debts. Our IVA team help you draft the proposals and when agreed these are sent to your creditors for them to consider. The terms of the IVA depend on what you and your creditors are likely to agree. More…

Bankruptcy

Bankruptcy is a form of insolvency which allows you to deal with debts you can no longer manage. It is most suitable for those with minimal assets and who cannot make minimum payments towards creditors. More…

Debt Management Plan

A Debt Management Plan (DMP) is an informal arrangement between you and your creditors which allows you to repay your debts, normally in full, at a rate that you can afford without relying on further borrowing. If during your DMP you are able to offer creditors a lump sum to settle your debts, it is possible to agree discounted settlements.
<h3″>Debt Consolidation

Debt consolidation generally means clearing your unsecured debts using funds raised by secured or unsecured loans, remortgaging your property or perhaps using equity release. The debts could include credit cards, loans, council tax or utility arrears or debts due to HMR & C. More…

Debt Relief Order – DRO

A Debt Relief Order is an official order granted by the official receiver that if approved will freeze your debts, interest and creditor recovery procedures for a period of 12 months. If after 12 months your situation has not changed then any unsecured debts will be written off. More…

“Breathing Space” – The debt respite scheme

The Government Debt Respite scheme comes into effect on 4th May 2021. It is a legally enforced Breathing space that allows you time to seek professional debt advice with the peace of mind that your creditors are unable to enforce or take legal action to recover the debts owed to them. More…

Scottish debt solutions

• Sequestrations (Scottish Bankruptcy)
• Protected Trust Deeds (PTD)
• Debt Arrangement Scheme (DAS)