Formal Solutions

Formal Solutions are legally binding for both you and the people you owe money to (your creditors)

England and Wales & Northern Ireland

Debt Relief Order (DRO)

Like bankruptcy, but suited for simple cases where debts are smaller, there are no assets to consider nor ongoing payments required. read more

Individual Voluntary Arrangement (IVA)

A popular solution which grants some debt write-off while allowing you to retain more control than bankruptcy. read more

Administration Order (CCAO)

A way to be allowed to make reduced payments towards a debt subject to a CCJ if you can’t afford to pay by its terms. read more

Informal Solutions

An Informal Solution is one which is not subject to legally binding terms.

Debt Management Plan

Debt Management is an informal agreement with creditors which allows debts to be repaid in full but at an affordable rate. read more