Bankruptcy Advice?

Can't meet your monthly debt payments?

If you cannot meet your monthly debt payments, then bankruptcy maybe the only option available.
I would very much advise you to speak to a debt advisor to establish exactly where your finances lie. There are other options available, such as:

Debt Management Plans
IVA - Individual Voluntary Arrangements
Consolidation Loans

Need a loan?

What is a Consolidation Loan?

Are you struggling to meet your monthly debt payments?
Are you robbing Peter to pay Paul?

Then a consolidation may be the best option for you to resolve these debt problems. We have great rates on Secured (Homeowner)Loans with rates starting at 7%APR

If you are not a homeowner but you still need debt consolidation, then a debt management plan maybe a better option for you. A debt management plan will help you reduce your monthly payments in to one affordable payment.

Scottish Bankruptcy

Sequestration

What is sequestration?

Sequestration is the Scottish equivalent of Bankruptcy and needs to be fully investigated before making this your final choice to resolve any debt problem.

Look at other debt solutions like “Debt Management Plans” or “Trust Deeds” before settling on the sequestration solution.

Useful Links
Debt Management Plans
Debt Management - Pros & Cons
Debt Management - Criteria
Debt Management - Steps
Debt Management - Overview
Debt Management Vs Consolidation
Debt Management Vs IVAs
Debt Management Vs Bankruptcy
Debt Managament - FAQs
Debt Management - Glossary
Trust Deeds
Trust Deed - Pros & Cons
Trust Deed - Criteria
Trust Deed - Steps
Trust Deed - Alternatives
Trust Deed - Why Choose a Trust Deed?
Trust Deed Vs Debt Management Plans
Trust Deed Vs Sequestration
Trust Deed - FAQs
Trust Deed - Glossary

The Last Resort

Bankruptcy Advice

Bankruptcy is a very important step in resolving any financial situation and it has always been considered the last resort in a long line of debt solutions.

Your property, assets and some personal belongings will be at risk when entering into bankruptcy, as these will be sold and this money paid directly to your creditors a long with any monthly payment that the court believes you can afford.
Bankruptcy is not an enjoyable situation to be in, you finances in most cases are never your own and you are informed to what you can spend.

Have a look at other debt solutions such as “Debt Management Plans" or "IVAs" before making Bankruptcy your final choice.

Useful Links
Trust Deeds
Trust Deed - Pros & Cons
Trust Deed - Criteria
Trust Deed - Steps
Trust Deed - Alternatives
Trust Deed - Why Choose a Trust Deed?
Trust Deed Vs Debt Management Plans
Trust Deed Vs Sequestration
Trust Deed - FAQs
Trust Deed - Glossary

Debt Help Scotland

Scottish Trust Deed

What is a Trust Deed?

A Trust Deed is the Scottish equivalent of an IVA, with a few differences. Similar to an IVA a Trust Deed is a legal agreement that must be accepted by the creditors.

The major differences between an IVA and a Trust Deed are, a Trust Deed:
- Will normally last 36 months
- Payments start at £150.00 a month
- Debt Levels as low as £10,000

Useful Links
Trust Deeds
Trust Deed - Pros & Cons
Trust Deed - Criteria
Trust Deed - Steps
Trust Deed - Alternatives
Trust Deed - Why Choose a Trust Deed?
Trust Deed Vs Debt Management Plans
Trust Deed Vs Sequestration
Trust Deed - FAQs
Trust Deed - Glossary

One monthly payement

Debt Management Plans

What is a Debt Management Plan?

A debt management plan is an informal way to repay your using one monthly affordable payment. A debt management plan is put together and administered by a third party company (a debt management company), they will:

1) Negotiate with your creditors to accept a reduced monthly payment, based on what you can afford.
2) Negotiate to freeze interest and charges on all of your accounts
3) Distribute any monies you send to them, after deducting a management fee
4) Manage the day to day running of all your accounts

Useful Links
Debt Management Plans
Debt Management - Pros & Cons
Debt Management - Criteria
Debt Management - Steps
Debt Management - Overview
Debt Management Vs Consolidation
Debt Management Vs IVAs
Debt Management Vs Bankruptcy
Debt Managament - FAQs
Debt Management - Glossary

Write off upto 75% of your debt!

IVA

Would you like to write off up to 75% of your debt and be debt free in 60 months? Using a government debt help scheme this is possible, but, you must owe more than £15000.00 to Credit Card, Loan and other debt companies and be able to pay at least £200.00 a month.

You creditors must accept the IVA terms, if your creditors decline you IVA offer then you must look at other solutions such as Debt Management Plans or Bankruptcy.

An IVA is a legal agreement with your creditors to repay them at a set amount over a set period of time, normally 60 months. Whilst you are in you IVA you creditors will not apply any Interest and Charges to your accounts and at the end of the IVA you will be DEBT FREE.

Useful Links
IVA - Pros & Cons
IVA - Criteria
IVA - Steps
IVA - Alternatives
IVA - Overview
IVA Vs Debt Management Plans
IVA Vs Consolidation
IVA Vs Bankruptcy
IVA - FAQs
IVA - Glossary