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 moreIndividual Voluntary Arrangement (IVA)
A popular solution which grants some debt write-off while allowing you to retain more control than bankruptcy. read moreAdministration 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 moreInformal Solutions
An Informal Solution is one which is not subject to legally binding terms.