Chichester Debt Advice

Debt advice & debt solutions in West Sussex

Please note that Money Advice Direct Debt Advice Service is a national organisation covering the entire UK. Please note that the service operates from offices in London and a national telephone advice centre in the north of England. The service does not operate a physical office or a seperate team in each of the city and regions listed on this page.

Chichester is a cathedral city in West Sussex, England. The City of Chichester is located on the River Lavant. The most obvious landmark in Chichester is naturally the cathedral, but there are several others. The remains of the Roman amphitheatre are now buried under land currently used as a park, but the bank of the amphitheatre is clearly discernible and a notice board in the park gives more information.

As the credit crunch takes hold, more people in Chichester are turning to Money Advice Direct for debt help and support. The number of people from Chichester visiting contacting the freephone debtline on 0800 074 6918 has risen by up to 30% - with concerns about increased debts, bankruptcy, budgeting and IVA payplans.

Bankruptcy explained for residents of Chischester

Bankruptcy can be the best option for dealing with debts in many cases allowing people to clear their debts and make a genuine stress free new start with their lives.

• How are you made bankrupt? - There are three ways. Firstly voluntary, here you petition for bankruptcy yourself. Secondley involuntary, where a creditor owed £750 or more. Finally the Supervisor or anyone bound by an IVA can make you bankrupt for non compliance with the proposal.
• Advantages of bankruptcy - A fresh start with all debts legally removed. In addition all the pressure from creditors stops.
• Disadvantages of bankruptcy - You may lose your home, if there is equity in it. You may lose your job and you may have to pay an income payments order for up to 3 years.
• How much does bankruptcy cost? - Up to £500. This is made up of the Official Receiver fee of £345 and court costs of £150.
• Help with bankruptcy costs - If you are in receipt of some social security benefits or on a low income the £150 court costs may be fully or partially waived. To apply for exemption you will need to obtain and complete form ex160 which must be taken to court along with relevant proof of income (usually no older than 1 month).
• How you petition for bankruptcy - The bankruptcy forms are called 6.27 (Debtors Bankruptcy Petition) & 6.28 (Statement of Affairs) by clicking here
• What normally happens at bankruptcy court? - You go to court, submit the forms and pay the fee in cash. A judge will look at the forms and make sure you are aware of the alternatives and implications. The bankruptcy order will be made and a bankruptcy reference number is allocated to your case.
• Official Receiver bankruptcy Interview - This is usually done by phone and goes over your forms. A report is then sent to creditors. At this stage you will be asked to make an income payments order and asked about assets which may have to be sold.
• When does my bankruptcy end? - In most cases the bankruptcy period is 1 year. In some cases it may only last 6 months

Read more about bankruptcy here

Debt Management advice in Chichester

One monthly payment - Affordable payments - Interest and other charges frozen, subject to creditor approval. (Please note that acceptance is subject to terms and conditions)

A Debt Management Plan can be used as a long term or short term solution, depending on your circumstances and possible future options. If you have at least £100 left over after paying your priority creditors and essential expenses, you may be able to arrange a debt management plan.

Please note that although the consumer may become debt free at the end of the DMP period, if a default notice has been issued the effect is likely to remain on the consumer's credit profile for a lengthy time.

Please that in terms of a DMP if interest and charges continue to apply then there will be an increase in the total amount of debt to be repaid and that due to lower monthly payments it is very likely that the debt will be repaid over a longer period of time

The advantages of using a Debt Management Plan are that you make only one payment direct for all your debts. That one payment is divided fairly between all your creditors
So you don’t have to contact your creditors yourself. Read more about debt management here

IVA - Individual Voluntary Arrangement advice in Chichester

Single & affordable monthly payment - Debt-free in 60 months - Interest & charges frozen - No more threatening communication

If you have enough money left over after paying your priority creditors and essential expenses, you may be able to arrange an Individual Voluntary Arrangement (IVA).

Please note that that although the consumer may become debt free at the end of the IVA/PTD period, the effect on their credit rating is likely to remain on file for 6 years.

Please note that with an IVA (in the fourth year) and in a PTD the supervisor may require the debtor, if they are a homeowner, to revalue their home and realise the equity to pay off some or all of the debt.

Please note that that only unsecured debts included within the IVA/PTD may be written off at the end of the period and that those not included such as secured debts, Government fines and child support payments will remain.

An IVA is a legal agreement with creditors (usually non-priority creditors) to repay your debts. This could either be in part or in full. The arrangement is negotiated, written up and checked regularly by an independent solicitor or accountant called an Insolvency Practitioner. Not all the creditors have to agree to an IVA as long as the creditors to whom you owe 75% of your debt agree. Read more about IVAs here.

Debt Help in Chichester

• Midhurst, Chichester
• Selsey, Chichester
• Petworth, Chichester
• Selsey, Chichester
• Southbourne, Chichester
• Chilgrove, Nr Chichester
• Cocking, Nr Chichester
• West Marden, Nr Chichester
• North Marden, Nr Chichester
• East Marden, Nr Chichester
• Up Marden, Nr Chichester
• Singleton, Nr Chichester
• Upwaltham, Nr Chichester

Do you live in Chichester - CALL 0800 074 6918

As the credit crunch takes its toll many people in Chichester already struggling to cope with their debts. The debt advice team covering can offer a wide range of services that can make a real difference to those who feel they have nowhere else to turn. Our teams are available to help, from providing money advice relating to housing debt, through to helping people to combat fuel poverty. If we can't assist then we will direct people to partner organisations that can.

For many years, Money Advice Direct has been working to help people to live a life without debt. We have already helped hundreds of thousands of people change their lives. Whatever solution we recommend, honest, confidential and non-judgemental advice is at the heart of our service. If you are in debt call us without obligation today on 0800 074 6918 or apply online.

Please note that the Bankruptcy-Insolvency.co.uk Debt Service is a national organisation covering the entire UK. Please note that the service operates from offices in London and a national telephone advice centre in the north of England. The service does not operate a physical office or a seperate team in each of the city and regions listed on this page.

This is a list of offical cities within the United Kingdom covered by Money Advice Direct.  

• Aberdeen
• Armagh
• Bangor
• Bath
• Belfast
• Birmingham
• Bradford
• Brighton and Hove
• Bristol
• Cambridge
• Canterbury
• Cardiff
• Carlisle
• Chester
• Chichester
• City of London
• Coventry
• Derby
• Dundee
• Durham
• Edinburgh
• Ely
• Exeter
• Glasgow
• Gloucester
• Hereford
• Inverness
• Kingston upon Hull
• Lancaster
• Leeds
• Leicester
• Lichfield
• Lincoln
• Lisburn
• Liverpool
• London
• Londonderry
• Manchester
• Newcastle upon Tyne
• Newport
• Newry
• Norwich
• Nottingham
• Oxford
• Peterborough
• Plymouth
• Portsmouth
• Preston
• Ripon
• Salford
• Salisbury
• Sheffield
• Southampton
• St Albans
• St Davids
• Stirling
• Stoke-on-Trent
• Sunderland
• Swansea
• Truro
• Wakefield
• Wells
• Westminster
• Winchester
• Wolverhampton
• Worcester
• York
  

List of counties covered by Money Advice Direct

• Avon
• Bedfordshire
• Berkshire
• Borders
• Buckinghamshire
• Cambridgeshire
• Central
• Cheshire
• Cleveland
• Clwyd
• Cornwall
• County Antrim
• County Armagh
• County Down
• County Fermangh
• County Londonderry
• County Tyrone
• Cumbria
• Derbyshire
• Devon
• Dorset
• Dumfries and Galloway
• Durham
• Dyfed
• East Sussex
• Essex
• Fife
• Gloucestershire
• Grampian
• Greater Manchester
• Gwent
• Gwynedd County
• Hampshire
• Herefordshire
• Hertfordshire
• Highlands and Islands
• Humberside
• Isle of Wight
• Kent
• Lancashire
• Leicestershire
• Lincolnshire
• Lothian
• Merseyside
• Mid Glamorgan
• Norfolk
• North Yorkshire
• Northamptonshire
• Northumberland
• Nottinghamshire
• Oxfordshire
• Powys
• Rutland
• Shropshire
• Somerset
• South Glamorgan
• South Yorkshire
• Staffordshire
• Strathclyde
• Suffolk
• Surrey
• Tayside
• Tyne and Wear
• Warwickshire
• West Glamorgan
• West Midlands
• West Sussex
• West Yorkshire
• Wiltshire
• Worcestershire