Government Legislation can:

  • Legally write off up to 80% of your debt
  • Protect your home and assets
  • Instantly freeze interest & charges
  • Low monthly payments, as little as £80
  • Stop demands and contact from your lenders
  • Be completely free of your debt


    Debt solutions governed by Part VIII of the Insolvency Act 1986 constitute a formal repayment proposal presented to a debtor’s creditors via an insolvency practitioner.

    The Insolvency Act of 1986 (amended by the Insolvency Act 2000 and the Enterprise Act 2002) introduced a new procedure whereby a debtor could come to an arrangement with his/her creditors to pay his/her debts in full or in part over time as an alternative to bankruptcy.

    Debt Help


    The Department for Constitutional Affairs wrote a paper in 2004 which aimed to seek views on options to help deal with the problem of people in multiple debt. It recognised proposals for providing better help to the ‘can’t pay’ and ‘can pay’ groups. By Law you should only be paying what you can reasonably afford to pay each month.

    Individual Voluntary Arrangements (IVA’s) form part of the Insolvency Act of 1986 – an IVA is designed alternative to bankruptcy to help people with high levels of unsecured debt.

    Bankruptcy in England and Wales is governed by Part IX of the Insolvency Act 1986 and by the Insolvency Rules 1986. Bankruptcy . You can self-petition (make yourself Bankrupt) or be petitioned for bankruptcy (A debtor files for your bankruptcy). Once you are declared Bankrupt all your debts are written off under the insolvency act and normally you are discharged from your bankruptcy 12 months later depending on your individual circumstances.

    A trust deed is a formal debt solution and is only available to Scottish residents.

    A Trust deed can offer protection from creditors taking legal action and protect your assets including your home.

    There are 2 types of Trust Deeds, Voluntary and Protected Trust Deeds.

    Only when the Trust Deed becomes ‘protected’ will you be offered the legal safeguards that are mentioned throughout this site.

    For more information on the different types of Trust Deeds please complete the contact form on this page and one of our chosen partners will be happy to guide you through the 2 types and how they work.

    The Enterprise Act 2002 introduced a new streamlined backed IVA scheme called aFast Track Voluntary Arrangement (FTVA) that assists in the arrangement of IVAs after a bankruptcy order has been made.

    The basis of an FTVA is that the creditors will receive additional money that would not be available in a bankruptcy e.g. the inclusion of other funds or a prolonged phase of contributions from income.

    A Company Voluntary Arrangement (CVA) is a well-known approved insolvency rescue solution and has been part of UK law since 1986. Frequently companies survive cash flow problems or creditor action to wind up, and prosper in the future after going down the CVA route.

    A debt management plan is an informal agreement between a debtor and one or more creditors. Debt Management Plans help reduce most unsecured debts at a reduced payment figure over a fixed period of time that helps you regain control of your finances.

    A government approved Debt Management Plan is individually tailored based on what can be realistically afforded on a monthly basis, not what creditors demand. Debt Management Plans; however they do not administrate them for you.

    By Law you should only be paying what you can reasonably afford to pay each month.

    Debt Relief Order (DRO) is an individual insolvency procedure that came into force on 6 April 2009, introduced by the Tribunals, Courts and Enforcement Act 2007. Debt Relief Orders were created by section 108 of that Act which were then included into the Insolvency Act 1986.

    National Debt Advice