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Debt Consolidation and Debt Management For Maximum Relief: Part 1
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testimonials

“...I was actually doing fine. Nice little mail-order business. Okay, I got a bit behind on the VAT payments, but I could have handled it. Only then my bloody house goes and burns down. Insurance takes forever to pay, and frankly I was so shook up by the thing, I lost it a bit workwise. Just couldn’t keep on top of things. Started missing payments....”

Mark Dudley

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"Thank you so much for all your help. It really has made a massive difference to our lives. We really appreciate everything you have done for us. Thank you."

Mrs Virginia Ince, Chorley

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many companies make you start paying the costs of an IVA even before the arrangement has been agreed.

If the IVA turns out to be unsuccessful, you’ll find it very hard to reclaim your money. Our licensed practitioners have close relationships with most creditors and know from experience what they will and will not accept   So we won’t waste your time putting forward a proposal that has no chance of success. But in any case, we will never charge you any fees upfront – our service is completely free.

Ian Slater IVAfreehelp debt help campaigner 2003

If you want clarification on any of these points, please telephone 0161 244 5649  and speak to one of our personal advisors.

Guide To Bankruptcy

1 About this guide
a. If you are not bankrupt 
b. If you are already bankrupt

2 What is bankruptcy?

3 How are you made bankrupt? 

4 Where is the bankruptcy order made? 

5 Who will deal with your case? 
a. The Official Receiver 
b. An insolvency practitioner

6 What are your duties as a bankrupt? 

7 How will bankruptcy affect you? 
a. In relation to your creditors 
b. Your assets 
c. Your pensin
d. Your life assurance policy
e. Work-related registrations, licences and permissions
f. Your business
g. Your wages

8 Payment to creditors

9 What happens to your home?

10 What are the restrictions on a bankrupt?

11 Becoming free from bankruptcy
a. How long does bankruptcy last?
b. Debts
c. Assets you owned or obtained before your discharge
d. Assets you obtain after your discharge

12 Bankruptcy restrictions orders and undertakings

13 Debts incurred after you have been made bankrupt

14 The main stages in the administration of bankruptcy

15 Alternatives to bankruptcy
a. An informal arrangement or “family arrangement”
b. Administration orders
c. Individual voluntary arrangements
- How does it work?- What will it cost?
- When can it be made?
- Are there any restrictions?
- What are its advantages compared to bankruptcy?
- Can it be proposed by a member of a partnership?

16 Other Insolvency Service publications

17 What to do if you are dissatisfied with the handling of your bankruptcy

18 Insolvency terms - what do they mean?

19 Where to go for help and advice

20 Data Protection Act 1998 - How we collect and use information

 

"Your advice was excellent. How nice to find people so willing to spend the time necessary to get things right."  Mr. O'Brien, Manchester More Testimonials 

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