We aim to make our website as accessible as possible. However if you use a screen reader and require debt advice you may find it easier to phone us instead. Freephone including all mobiles. Home Debt information Dealing with debt problems. Worried about money? We're here to help. Use our free online debt advice tool. Get help now. Which debt solutions write off debts? Insolvency solutions to write off debts in England, Wales and Northern Ireland Bankruptcy :A form of insolvency that writes off unsecured debts if you can't afford to repay them.
Any assets you have, such as a house or car, may be sold to pay off your debts Debt relief order DRO :A way to have your debts written off if you have a relatively low level of debt and have few assets Individual voluntary arrangement IVA : A formal agreement where you to make affordable payments to your debts, usually over five or six years.
You can also make a one-off payment, so the IVA lasts for a much shorter time Insolvency solutions to write off debts in Scotland Sequestration, or Scottish bankruptcy : A form of insolvency that writes off unsecured debts if you can't afford to repay them.
Any assets you have, such as a house or car, may be sold to pay off your debts Protected trust deed : A legally-binding agreement where you make reduced payments over four years, then your unsecured debts are written off Minimal assets process MAP bankruptcy : Another type of bankruptcy, aimed at people with a low income and not many assets bankruptcy These insolvency measures have many advantages over trying to make agreements direct with your creditors to write off debts.
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Talk to an adviser today Freephone including all mobiles Mon to Fri 8am-8pm Sat 9am-3pm. We'll help every step of the way. Is it possible to write off my unsecured debts? What is your approximate level of debt? Get Started. Your name Please enter your name.
How would you like to receive your debt help? Online Telephone. Financial Statements. Small Business Taxes. Building Credit. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.
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