Alternative to Bankruptcy

If you are in serious debt and considering an alternative to bankruptcy then don’t worry! You have found a unique service where we provide suitable alternatives which can help reduce your debts by up to 75%, if your debts are £15,000+.

One suitable debt alternative is an Individual Voluntary Arrangement (IVA) which is a Government backed debt solution. To qualify for help:

• you owe £15,000 or higher (See Note 1)
• you have a minimum of 2 creditors (See Note 2)
• you are in paid employment

Note 1: Excluding Mortgages & Secured Loans.
Note 2: Unsecured loans and/or credit cards.

Anyone Threatening Bankruptcy

If any creditor is threatening bankruptcy or proceedings are underway it is vital to take immediate action. You should be aware of the implications of bankruptcy and the options open to you. You should also understand the procedures involved, recognise each step as it occurs, and be aware of the powers and rights you can exercise.

An IVA – Alternative to Bankruptcy
IVA’s were introduced by the UK Government in 1998 to be alternative to bankruptcy for people with unaffordable debts. An IVA means you avoid the trauma of bankruptcy while being able to write off up to 75% of your debts.

In terms of alternatives to bankruptcy the IVA is certainly worth considering and by getting in touch with us we can put you in touch with an IVA expert to discuss it in more detail.

There are other bankruptcy alternatives to consider but an IVA will let you get the backing of a government backed debt solution and is a useful long term debt solution.

So, don’t delay in getting Debt Help alternatives by getting in touch with us today.