Alternatives to bankruptcy

It may be better for both you and your creditors to use one of these alternative procedures instead of bankruptcy.

Please consider the options listed below in order to determine what solution might be best for your circumstances

Click the heading below to read more:

An informal arrangement [click]

If you know that you cannot pay all your debts, you could consider writing to your individual creditors to see if you can reach some compromise

Administration orders

If one or more of your creditors has obtained a court judgment against you, the county court may make an administration order.

Individual Voluntary Arrangements (IVA’s)

An Individual Voluntary Arrangement, otherwise known as an IVA, can be a sensible alternative to bankruptcy for many individuals.

To make an enquiry with us - simply complete the form below or call NOW on:

0845 892 2277

SPEAK TO REGULATED Insolvency legal advisers IF AT ALL POSSIBLE. The credit management industry is notoriously unregulated and this can make it difficult to obtain good advice.

The credit management industry is notoriously unregulated and this can make it difficult to obtain good advice.

MAKE SURE ANY ARRANGEMENT YOU ENTER INTO IS RIGHT FOR YOUR COMPANY AND NOT JUST RIGHT FOR THE CREDIT FIRM OFFERING YOU THE PLAN