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Is Bankruptcy right for you? Check if you qualify
Alternative solutions to avoid bankruptcy to overcome problem debt
Benefits and Considerations Off what we offer
How to get started
Step 1
Complete the online form or call us on 0161 768 3156
Step 2
Talk with us so we can understand your circumstances and take you through your options
Step 3
We'll give you all the information you need to make an informed decision
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Complete the online form or call us on 0161 768 3156
Talk with us so we can understand your circumstances and take you through your options
We'll give you all the information you need to make an informed decision
Step 1
Step 2
Step 3
How to get started
First class service
Very helpful keen lovely friendly staff, they listen to you! And go the extra mile.
Linda Richardson
We help people overcome problem debts with leading creditors in the UK
We help people overcome problem debts with leading creditors in the UK
Debt is something that affects people from all walks of life
You're not alone - let us help you find a solution that's right for you.
Our advisors are here to listen and help you understand the options available based on your individual circumstances and see if there's a better solution to clear your debts.
We provide advice on all available options so that you can make an informed decision about your financial future.
Start your journey today and see which solution suits your needs.
Write off unaffordable debts
Example of how your debts could be lowered with our help
This example is for illustration purposes only and based on a typical 60 month IVA. Monthly payments and debt written off are based on individual circumstances
Before
£325
New
£85
Debt reduced by
63%
Monthly Repayments
Credit Card
Overdraft
Utilities
Payday Loan
Council Tax Arrears
Total:
£3,750
£2,000
£2,675
£3,450
£2,000
£13,875
Unsecured Debts
What is Bankruptcy?
f you are unable to pay your debts you can apply to make yourself bankrupt. Bankruptcy is a formal insolvency route and can have serious financial implications.
Bankruptcy is often seen as a last resort and, if appropriate to your circumstances, can be applied for when no alternative solution can be found - such as an Individual Voluntary Arrangement.
How does Bankruptcy work?
Other people can put you into bankruptcy or you can make this choice yourself. It's something to be carefully considered.
The three ways you can go bankrupt are:
- You apply for bankruptcy yourself
- An application for bankruptcy from a creditor
- Your bankruptcy can be petitioned by your IVA supervisor
Don't face unaffordable debt alone
We've helped 1000's overcome problem debt
Fantastic service and helped so much took a load of weight of my shoulders.
Sarah McDonald
Gas, electric & rent arrears
Credit cards, store cards & catalogues
Council Tax Arrears & HMRC debt
Benefit Overpayments
Loans & Overdrafts
County Court Judgements
CCJ
Debts we can help with
We can help you with the debts below and many more
Struggling with debt?
Reduce your monthly payments & overcome problem debts
Benefits & Considerations of Bankruptcy
Learn more about Bankruptcy
Benefits of Bankruptcy
Your Bankruptcy could be discharged within 12 months
It can free you from the pressure from creditors
All debts that qualify for bankruptcy are written off
The stigma of bankruptcy is not what it once was
The process to make yourself bankrupt is now completed online
Considerations
You lose control of finances and assets, the official receiver or Trustee appointed on your case will decide what happens to your valuable asset and finances
Under certain circumstances, bankruptcy can affect types of employment
It will affect your credit file for six years
Putting yourself into bankruptcy will cost around £680, this can be paid in monthly installments however you will not be afforded the protection of bankruptcy until such time as this is paid.
Depending on if you have proven disposable income you may have to pay income payments for up to thirty-six months
What is Bankruptcy?
f you are unable to pay your debts you can apply to make yourself bankrupt. Bankruptcy is a formal insolvency route and can have serious financial implications.
Bankruptcy is often seen as a last resort and, if appropriate to your circumstances, can be applied for when no alternative solution can be found - such as an Individual Voluntary Arrangement.
Confused about your options?
We can give you the advice to help you understand all the above points and explain all options available to you so you can make an informed decision about your financial future.
Struggling with debt?
Reduce your monthly payments & overcome problem debts
Debt is something that affects people from all walks of life.
You're not alone - let us help you find a solution that's right for you.
Our advisors are here to listen and help you understand the options available based on your individual circumstances and see if there's a better solution to clear your debts.
We provide advice on all available options so that you can make an informed decision about your financial future.
Start your journey today and see which solution suits your needs.
Don't face unaffordable debt alone
We've helped 1000's overcome problem debt
Fantastic service and helped so much took a load of weight of my shoulders.
Sarah McDonald
Benefits & Considerations of a Bankruptcy
Learn more about Bankruptcy
Benefits of Bankruptcy
Your Bankruptcy could be discharged within 12 months
It can free you from the pressure from creditors
All debts that qualify for bankruptcy are written off
The stigma of bankruptcy is not what it once was
The process to make yourself bankrupt is now completed online
Considerations
You lose control of finances and assets, the official receiver or Trustee appointed on your case will decide what happens to your valuable asset and finances
Under certain circumstances, bankruptcy can affect types of employment
It will affect your credit file for six years
Putting yourself into bankruptcy will cost around £680, this can be paid in monthly installments however you will not be afforded the protection of bankruptcy until such time as this is paid.
Depending on if you have proven disposable income you may have to pay income payments for up to thirty-six months
Write off unaffordable debts
Example of how your debts could be lowered with our help
This example is for illustration purposes only and based on a typical 60 month IVA. Monthly payments and debt written off are based on individual circumstances
Before
£325
New
£85
Debt reduced by
63%
Monthly Repayments
Credit Card
Overdraft
Utilities
Payday Loan
Council Tax Arrears
Total:
£3,750
£2,000
£2,675
£3,450
£2,000
£13,875
Unsecured Debts
Council Tax Arrears & HMRC debt
Benefit Overpayments
Loans & Overdrafts
County Court Judgements
CCJ
Gas, electric & rent arrears
Credit cards, store cards & catalogues
Debts we can help with
We can help you with the debts below and many more
First class service
Very helpful keen lovely friendly staff, they listen to you! And go the extra mile.
Linda Richardson
Text us if you have questions or any immediate concerns
First class service
Very helpful keen lovely friendly staff, they listen to you! And go the extra mile
Linda Richardson
0741 834 4346
How does Bankruptcy work?
Other people can put you into bankruptcy or you can make this choice yourself. It's something to be carefully considered.
The three ways you can go bankrupt are:
- You apply for bankruptcy yourself
- An application for bankruptcy from a creditor
- Your bankruptcy can be petitioned by your IVA supervisor
Confused about your options?
We can give you the advice to help you understand all the above points and explain all options available to you so you can make an informed decision about your financial future.
Benefits & Considerations of an IVA
Learn more about an IVA
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Benefits & Considerations of an IVA
Learn more about an IVA
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
What is an IVA?
An IVA - Individual Voluntary Arrangement is an alternative solution to Bankruptcy and a legally binding arrangement with your creditors to pay all or part of your debts.
Your insolvency practitioner who you agree to make regular payments to will share this money amongst your creditors. You can get more control of your assets with an IVA than bankruptcy.
How does an IVA work?
Your personal financial situation will be reviewed to assess your debt level & what you can realistically afford to pay each month.
We can refer you to one of our preferred IP's - Insolvency practitioners - if an IVA is suitable. If the formal proposal made to your creditors from your insolvency practitioner is accepted, extra charges or interest can no longer be added.
An IVA typically lasts 60 months. Providing all of your payments during this time have been made, all unpaid debt is written off.
Struggling with debt?
Reduce your monthly payments & overcome problem debts in an IVA
What are the fees & costs of an IVA?
All IVAs have fees named Nominee, Supervisors and Disbursements but the good news is that these are included within your payment and the time frame, these are also agreed with your creditors at the outset. Typical fees are as follows:
Nominees and Disbursement Fee – £1,900
Supervisors Fee – £1,750
What is an IVA?
An IVA - Individual Voluntary Arrangement is an alternative solution to Bankruptcy and a legally binding arrangement with your creditors to pay all or part of your debts.
Your insolvency practitioner who you agree to make regular payments to will share this money amongst your creditors. You can get more control of your assets with an IVA than bankruptcy.
How does an IVA work?
Your personal financial situation will be reviewed to assess your debt level & what you can realistically afford to pay each month.
We can refer you to one of our preferred IP's - Insolvency practitioners - if an IVA is suitable. If the formal proposal made to your creditors from your insolvency practitioner is accepted, extra charges or interest can no longer be added.
An IVA typically lasts 60 months. Providing all of your payments during this time have been made, all unpaid debt is written off.
Struggling with debt?
Reduce your monthly payments & overcome problem debts in an IVA
What are the fees & costs of an IVA?
All IVAs have fees named Nominee, Supervisors and Disbursements but the good news is that these are included within your payment and the time frame, these are also agreed with your creditors at the outset. Typical fees are as follows:
Nominees and Disbursement Fee – £1,900
Supervisors Fee – £1,750
Free debt counselling, debt adjusting and providing of credit information services is available. You can find out more by contacting Money Helper.
What is Bankruptcy?
If you are unable to pay your debts you can apply to make yourself bankrupt. Bankruptcy is a formal insolvency route and can have serious financial implications.
Bankruptcy is a solution that – if appropriate to your circumstances – can be applied for when no alternative solution can be found
How does Bankruptcy work?
Other people can put you into bankruptcy or you can make this choice yourself. It’s something to be carefully considered. The three ways you can go bankrupt are:
- You apply for bankruptcy yourself
- An application for bankruptcy from a creditor
- By the IVA Supervisor if you fail to meet the terms of your IVA
Understanding Bankruptcy
What is Bankruptcy and how does it work?
Bankruptcy Help & Advice
Finding a solution that works best for you can be tricky because each solution has its own set criteria to be met to qualify for the solution. You will also need to look at the benefits and considerations of each solution so you can make an informed decision.
If you are unsure and want to discuss further please get in touch using on 0161 823 4974 or complete the form and we will call you back.
What is Bankruptcy?
If you are unable to pay your debts you can apply to make yourself bankrupt. Bankruptcy is a formal insolvency route and can have serious financial implications.
Bankruptcy is a solution that – if appropriate to your circumstances – can be applied for when no alternative solution can be found
How does Bankruptcy work?
Other people can put you into bankruptcy or you can make this choice yourself. It’s something to be carefully considered. The three ways you can go bankrupt are:
- You apply for bankruptcy yourself
- An application for bankruptcy from a creditor
- By the IVA Supervisor if you fail to meet the terms of your IVA
Understanding Bankruptcy
What is Bankruptcy and
how does it work?
Bankruptcy Help & Advice
Finding a solution that works best for you can be tricky because each solution has its own set criteria to be met to qualify for the solution. You will also need to look at the benefits and considerations of each solution so you can make an informed decision.
If you are unsure and want to discuss further please get in touch using on
0161 823 4974 or complete the form and we will call you back.
UK Debt Service is a trading style of Dee Valley Finance Limited registered in England & Wales, company registration no: 11054814. Our registered office address is Red Hill House, Hope Street, Saltney, Chester, CH4 8BU.
Dee Valley Finance Limited do not administer debt solutions directly. All financial solutions are subject to eligibility and acceptance and depending on your chosen solution, fees may be charged by the service provider.
Your enquiry will be processed by one of our panel of trusted 3rd party companies. These companies have in-house advisors who will go through all appropriate debt options, products and solutions available to help gain the best outcome for your individual circumstances. Our panel of 3rd party providers are fully regulated in the UK by either the Financial Conduct Authority (FCA), Insolvency Practitioners Association (IPA) or the Institute of Chartered Accountants in England and Wales (ICAEW) and cover all solutions for England, Wales, Northern Ireland and Scotland. All providers are listed on our Privacy Policy.
UK Debt Service is a trading style of Dee Valley Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA). FCA no: 811106
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