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Personal Insolvency Falls To 10 Year Low


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The number of people entering personal insolvency debt solutions in England & Wales has fallen to the lowest level for 10 years. Between April and June 18,866 individuals were declared insolvent, down 29.3% from the same period last year, according to the Insolvency Service. There were 26,668 insolvencies during the same quarter in 2014. Insolvency debt solutions which […]

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Avoid “Write off Debt” Claims


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We’ve all heard those adverts on the radio which claim to be “government backed debt solutions” which can “write off debt”, but these should be avoided. While these adverts are often promoting the IVA debt solution, they are doing so in a misleading manner. An IVA can help people repay only a percentage of their […]

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Could Interest Rate Rise Cause Increase In IVA Figures


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There’s a fear the number of people entering an IVA across the UK could rise if interest rates were to increase as the Bank of England have been discussing. The Halifax said the recent talk of interest rates rising could “curb” house buying in the UK, due to a recent report it published showing housing price […]

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Bankruptcy or an IVA?

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Sometimes there isn’t one perfect debt solution, but instead there may be two or three options which you can consider before making your choice. This happens if you qualify for an IVA as you may decide you want to enter bankruptcy or a debt management plan instead. Each debt solution works differently and has different […]

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6 Year IVA Debt Solution

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The IVA is typically a 5 year debt solution so why have you been told your IVA could last for 6 years? There is one main reason for this and it usually works in your favour. An Individual Voluntary Arrangement is a formal debt solution where you pay what you can reasonably afford in to the […]

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IVA in Manchester

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Manchester is known as one of the debt hotspots across the UK and one debt solution you may be applicable for is an IVA. The Individual Voluntary Arrangement is a popular debt solution for people who want to resolve their debt problem within 5 years and can afford to repay an amount of money to […]

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Can I Change IVA Company?

An IVA is usually a 5 year debt solution and it enables a person to repay what they can reasonably afford from their income each month towards their debt. In order to proceed with an IVA you have to create a proposal which must be submitted by a regulated professional, known as an Insolvency Practitioner. […]

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House in an IVA?

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One of the most common questions in an IVA is what will happen when I enter the solution, in particular, will I get to keep my house? The IVA enables you to retain your house. It can be a frightening period wondering if you can keep your house but you can always speak to our […]

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Attachment of Earnings Lifted in an IVA?

An attachment of earnings is where your employer is told by the court to pay a percentage of your income to the creditor. This money is paid directly to the company you owe money to and because it’s a court order they must abide by the rules. If you are solely in receipt of benefits […]

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London IVA Debt Help

If you live in Britain’s capital city it’s known for it’s iconic landmarks, but also for being one of the most expensive cities in the world to live. The cost of rent or mortgages is the highest compare to the rest of the UK, so it’s not surprising that debt problems exist for people on […]

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