Informal Arrangement & Bankruptcy

Other Debt Solutions

Informal Arrangement

We would recommend an informal arrangement in circumstances where an individual has no property or assets but has access to a lump sum. We would negotiate with their creditors and attain their consent to distribute the lump sum amongst them in full and final settlement of the individuals debts.

With any program we arrange for you, we carry out regular reviews to ensure that you're supported throughout the term of the program and also to ensure that should your circumstances change, that the program is still appropriate.

Bankruptcy

In certain cases it may be that Bankruptcy represents the most effective solution for you. If, after looking at your circumstances we feel that this is the case, we can offer guidance regarding the bankruptcy procedure. For more information about bankruptcy, visit the Government website

To find out the most suitable solution to your debt problems call us now on 0161 834 7025.

For more information about IVA please see:

IVA  •  IVA FAQ  •  IVA Pros & Cons