Welcome to Bankruptcy-Insolvency.co.uk, a detailed debt advice resource.
The service that provides CONFIDENTIAL and NON-JUDGEMENTAL advice to people and businesses with debt problems. We offer confidential advice and support to those affected by credit cards, loans and debt problems.
The Bankruptcy-Insolvency.co.uk website offers general money advice and its web resource and is divided into various sections with information centres containing knowledge on different ways to manage money and debt. In addition the public may call the FREEPHONE number to get advice 7 days a week on 0800 074 6918. We help thousands of people each year with our detailed confidential and non-judgemental advice and are here to help you or your business. Please call us to get help from our consultants with your personal or business finances.
There are many reasons why people get into debt such as credit card or store card debt or even debt after a death in the family. Some callers have debt arising from divorce, separation or single parenthood. For this reason we provide dedicated advice on these situations.
Our money advice provides guidance on a wide range debt solutions enabling indebted consumers to get debt free as quickly as possible through solutions such as; debt management plans (DMP), Individual Voluntary Arrangements (IVA), Bankruptcy, Debt Relief Orders (DRO and Protected Trust Deeds for Scottish residents.
Whether the problem is personal and business UK debt advice related we understand that money problems can quickly turn into debt problems is left untreated. The service is on hand to offer expert debt advice over the phone, online or at our offices. Our advice will be able allow you to make a fresh start and clear personal or business debts for good.
Bankruptcy-Insolvency.co.uk, as a debt advice company aims takes away any confusion about the problems you, your business or limited company (LTD) are facing. We aim to give you the confidence to face your particular situation. We aim to provide you with the debt help and advice UK to solve your debt problems.
If you have a debt problem our debt advice will help you understand the options available. Whether you are looking for personal or business debt advice on your debts through a debt consolidation solution or debt management plan or if you just have bad credit, we can assist you, please call 0800 074 6918 or apply online for assistance.
HOW WE CAN HELP
Individual Voluntary Arragement (IVA)
Are YOU considering an IVA?.....For some years we have witnessed the growing use of Individual Voluntary Arrangements (IVAs) by those seeking to address unmanageable levels of debt. If you would like to consider an IVA please call 0800 074 6918 for personal UK debt advice.
IVA stands for Individual Voluntary Arrangement, and is one of a number of debt solutions available to individuals who are struggling to pay their debts. We offer detailed debt advice and can help arrange an IVA where it is agreed to be the best debt solution.
An IVA is often the perfect debt solution for some people who have come to a point in their lives when they are unable to repay their debts. The interest payments are so high that the debt isn't reducing, and taking on more debt is just going to make matters worse.
If you have debts of more than £12,000 across all of your creditors then an IVA could be an option for you. If successful, interest stops and as long as you keep up with the agreed smaller monthly repayments, you will be free of the unsecured debts involved in five years or less. What's more, your home is protected and you will be able to lead a normal life without the stress of building debts hanging over you. Once an IVA is accepted 50% to 75% of debt is typically written off.
Read our detailed IVA Resource and get IVA advice:
- What is an IVA?
- The IVA process
- Read our IVA knowledge base and see answers to many IVA questions.
- Find all about the IVA procedure in our detailed IVA guide
- Understand all the IVA pros and cons
- Do you qualify for an IVA?
- APPLY FOR AN IVA.
To establish whether an Individual Voluntary Arrangement is the appropriate solution for you, you'll need some good honest advice and your hand held throughout the IVA process. For detailed money advice please call 0800 074 6918 to get an idea on what your IVA monthly payment could be.
Debt Management Plan (DMP)
A debt management plan (DMP) is a plan that helps individuals or households manage their debts when they are unable to maintain their contractual payments to their creditors due to financial difficulties. If you’re struggling to meet repayments on money you owe, you could consider setting up a debt management plan. Our personal debt advice will be able to tell you if it’s the right option for you and help you find a provider to set up and run your debt management plan.
Setting up a debt management plan is a important financial step, our money advice will be able to advise you whether if a debt management plan is the best option for dealing with your personal debts. For detailed advice please call us on 0800 074 6918 if you have any questions regarding arranging a debt management plan. If you choose the debt management plan option we can have you referred to a provider to have a debt management plan set up in under 24 hours.
Advice on the pros and cons of a Debt Management Plan
- A debt management plan repays your debts with one tailored monthly payment
- Many debt management companies provide debt management plans as a service, but most are staffed by sales staff.
- Debt management plan providers deal with your creditors on your behalf.
- A debt management plan can take control of your UK personal debts without a loan
- Debt management plans affect your credit rating in the medium to long term and are required to repay the debt in full.
- Debt Management Plans cost more overall and take you longer to repay personal debts
- A debt management plan is not always suitable for everyone as everyone's budgets differ.
- Find out more about Debt Management Plans here
Bankruptcy
Bankruptcy is a court order that you can apply for if you are in debt. Someone you owe money to can also apply to make you bankrupt even if you don't want this.
You might want to think about bankruptcy if you have no money to pay your debts, or have so little that it will take you years to repay them.
Once you have been made bankrupt, you don't have to deal with the people you owe money to (your creditors). An official called the Official Receiver takes control of your money and property, and deals with your creditors. [read more about the bankruptcy procedure here...]
Bankruptcy Advice Centre
Bankruptcy-insolvency.co.uk also offers a service to bankruptcy applicants to help them complete the bankruptcy application process accurately. The bankruptcy assistance service is chargeable and includes detailed telephone advice, a bankruptcy forms completion service and continued telephone and email professional support throughout the bankruptcy process.
- Bankruptcy-insolvency.co.uk can offer a dedicated bankruptcy specialist to steer you though the bankruptcy process
- A personal debt adviser can deal with your creditors for you and prepare all the bankruptcy court paperwork that is need before, during and after the bankruptcy court hearing
- A personal debt expert can offer access to round the clock bankruptcy support leading up the bankruptcy order and for one year following the bankruptcy order.
Bankruptcy from Abroad Service & Foreign Bankruptcy Service
Do you live outside the European Union (EU) but have been based in the UK within the last 3 years? Please note that If you have left the UK but still have debts here and are considering bankruptcy we can assist you.
After enroling in the Bankruptcy from Abroad or Foreign Bankruptcy Service you will have access to a dedicated bankruptcy expert. The expert has many years of bankruptcy experience and expertise dealing with the Official Receiver’s office and as such will be on hand to complete all the paperwork for you and even assist you throughout the court process.
If you are thinking about moving abroad or have moved overseas already please note it is not too late to seek advice. APPLY ONLINE or call 0800 074 6918 for more information.
Scottish Trust Deeds
A Trust Deed is a form of government legislation and was introduced to help people who were struggling to repay debts to their creditors.
If you live in Scotland and wish to be free from debt in a swift and stress free manner then a Protected Trust Deed may be the most appropriate solution for you.
The process is simple; you make one lower affordable monthly repayment towards your debts for a set period (usually 3 years) after that period any remaining debt is written off.. [read more about Scottish Trust Deeds here...]
Protected Trust Deed Information Centre
Money Advice Direct Limited has been advising Scottish people and businesses in debt for over 15 years. Bankrutptcy-insolvency.co.uk has offered Scottish debt advice for over 10 years and has extensive knowledge and experience to provide a complete range of debt solutions for residents of Scotland. Please feel free to look over our new and improved Scottish debt advice information section which has over 50 questions and answers on the protected trust deed procedure ranging from how a trust deed will affect credit rating to what happens after a protected trust deed is completed.
Reclaim PPI Service
Money Advice Direct can recommend claims management advisors with the sole aim to win compensation for members of the public who have been missold PPI.
The chances are that if you have taken out a loan, credit card, car finance or mortgage you may have also taken out a PPI policy. There are claims management companies that can help you claim back your PPI premiums plus interest on missold PPI policies. If you decide to use a claims management firm make sure its on a " no up-front fee" and "no win no fee basis".
Claims management firms specialise in getting unfair bank charges repaid back to you. APPLY NOW! or contact the Financial Ombudsman Service (FOS) direct.
Repossession stopped section
Money Advice Direct has vast experience in stopping repossessions, in some cases within 24 hours notice of eviction.
You don't need to sell your property to avoid repossession & keep your home. Speak to us and we will explain all your options and give you the legal advice you need.
- Advice on how to reach a compromise with your mortgage company
- Help to put together a defence against court action to obtain a repossession order
- Advice on how to stop court action to stop impending eviction
- Access to solicitors to assist in making a case & offer to the court
- We can help make your mortgage payments affordable by reducing your payments on lower priority debts by advising on a range of debt solution options.
DEBT SECTORS
PAYE & Employed Individuals
In our experience peoples personal debt problems are caused by circumstances beyond their control and usually through no fault of their own.
This section of the site designed to give practical advice and information to employed P.A.Y.E Individuals.
Limited Companies
This section of the site is designed to assist companies of all sizes when they are unable to pay their debts or it can be seen that their liabilities are greater than their assets.
It also provides the correct guidelines for directors to follow in order to avoid misconduct.
Sole Traders & Partnerships
Sorry, this section of the site is currently being updated.
Students
Students are now being offered a permanent helping hand with money, before, during and after their university experience.
Money Advice Direct offers detailed advice to students and graduates with debt issues.
NEWS
Beware Flashy Adverts!
Have you ever been tempted by flashy TV adverts or sponsored search engine listings on the subject of debt solutions?
A crackdown on debt advice companies as the Office of Fair Trading imposes bans on misleading advertisements, strict rules for handling clients' money and an end to the use of leads generated by cold-calling people with money worries. The new rules will tighten the rules on marketing and advertising, strictly regulating the use of phrases such as 'we give free advice'.
Money Advice Direct believe this new guidance is going to force many rogue debt management to face closure. [read more about the how to avoid being ripped off here...]
Modern workplace: Support
As well as providing debt advice and support to those that need help, Money Advice Direct's vision is that all of the UK have access to practical and emotional support to cope with the financial pressures so that they can be the people they aspire to be. As an established debt support company in the UK, Money Advice Direct has been advising debt problems for over 10 years. Our personal and business debt advice expert is on hand to consumers throughout the UK and offer IVA, Bankruptcy, Debt Management and general advice to clear personal and business debts.[more...]
Personal debt problems in the UK
The aim our business and personal UK debt advice company is to clear personal and business debt, using the most appropriate solutions. To free yourself from personal debt you need expert advice based on your own particular situation that is confidential and easy to access. the personal debt adviser you speak to will be a specialist in dealing with personal debt and has advised hundreds of people a day on the different ways to consolidate personal debts. The advice is always without obligation, the only details needed are a list of your personal debts and a personal budget to propose a suitable way forward. [more...]
