Bankruptcy - There are alternatives!
There are a number of realistic alternatives instead of declaring bankruptcy. 9 times out of 10, Bankruptcy is not a viable solution to serious debt problems!
- In the long term - Avoid longer term financial difficulties
- The short term - Avoid the impact it can have on your home and family
- Your Losses - You may possibly lose all of your assets and family finances
- Your Credit - Your credit rating can be affected once you declare yourself bankrupt
- Start my Bankruptcy application today
IVA Advice Online Pro
This is why we set up IVA Advice Online Pro to deal specifically with cases of serious debt that require immediate expert help.
Our experienced staff can guide you through the options over the phone or by mail without any obligation at a time of your choosing. Simply complete a Bankruptcy Application and we can take your case forward.
There is an alternative
Increasingly, many individuals see bankruptcy as a simple solution to remove severe debt problems. However, there are often longer term financial consequences which may not be foreseen.
The impact upon your home, possessions and family finances needs careful consideration. There are also other possible implications such as losing control of your assets or your credit may be affected for many years after the annulment.
How to contact IVA Advice Online Pro
Our web based Application form saves you valuable time and costs nothing. All you need to do is complete one and one of our Pro Advisors can contact you at a time of your choosing.
Frequently Asked Bankruptcy Questions
How much will I have to pay?
You decide on our advice, on a single affordable monthly (or weekly)
payment
What do you do?
We negotiate with your unsecured credit companies to reduce your
monthly payment and request them to freeze or reduce their monthly
interest charges. We will then take a single monthly payment form
yourself and pay your creditors on your behalf. This will make managing
credit payments towards your far simpler.
How do I know I'm getting good advice?
We are Licensed under the 1974 Consumer Credit Act and, as such,
any debt management advice we give must be ethical and professional.
In addition, your questionnaire and financial circumstances will
be reviewed by our in-house Chartered Accountant, who has extensive
experience in the financial industry services. We also adhere to
the Data Protection act to ensure client confidentiality.
How do I know my debts are being paid?
We will apportion any payments received from you for distribution
between your creditors based on how much each is owed. We will issue
a statement showing how much each creditor will receive. This remains
fixed unless your circumstances change. We will also issue a quarterly
statement showing all transactions on your account. In addition
to this, you will still receive your statements from your creditors.We
distribute funds within a week of them clearing.
What is the charge for Bankruptcy avoidance help?
As stated earlier, you will pay only one affordable monthly payment.
Included within this payment will be a 17.625% distribution or debt
management charge. Because most of our work for you will be done
at the start of the programme, we will retain the first monthly
payment to cover this costs. (i.e. it will not be initially used
to pay your creditors)