Debt FAQ's

Here we summarise a number of key questions on the subject of managing debts and dealing with issues such as bankruptcy or IVA's.

• ADVICE ON DEBT

Steps to take if you are struggling to cope with credit repayments.

What options are open to you if you have decided that you cannot repay your debts.

Useful debt links

• INDIVIDUAL VOLUNTARY ARRANGEMENTS (IVA's)

What is an IVA?

What are the benefits of an IVA?

What are the negatives?

How do you organise an IVA?

What if your creditors will not agree to an IVA?

About Insolvency Practitioners

About Insolvency Solicitors

• BANKRUPTCY

What is "Bankruptcy"

What are the advantages of becoming bankrupt?

What are the disadvantages?

How do you file for bankruptcy?

What if another person or creditor petitions for your bankruptcy?

• COMPANY DEBTS & ADMINISTRATION

What is administration?

What is Liquidation?

What is a Corporate Voluntary Arrangement (CVA)?

• We also deal with the specialist bankruptcy annulment area of law.

Bankruptcy related NEWS

Bankruptcy case law updates

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SPEAK TO REGULATED bankruptcy UK solicitors IF AT ALL POSSIBLE. 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