Unable to repay your bounce back loan? Get help to write it off >!
If you are struggling with unaffordable debts then an Individual Voluntary Arrangement may be a solution to your problems. An IVA allows you to only pay what you can afford to your unsecured debts each month. All interest and charges will be frozen to 0% and creditors will be prohibited from demanding additional payments.
Whether you can get an IVA to help you get out of debt, depends on your personal circumstances. In general to qualify for this debt solution, your debts must be over £5,000. You must also have 2 or more different creditors and you must be technically insolvent. This means that you must be unable to pay all of your debts as they fall due for payment.
WRITE-OFF the unsecured debt you can't afford to repay.
FREEZE interest & charges.
STOP letters, calls and legal action.
NO MORE CREDIT whilst you are in your IVA.
CREDIT RATING will be affected for six years after your IVA starts.
TIME, an IVA usually lasts for 5 years.
Before you consider applying for an IVA you should use our online Get Out Of Debt test, this will help you find out whether an IVA is the best option for you.
Or you can call our
Free Helpline on 0800 368 8459
Our Insolvency Practitioners do not charge you for any advice or support.
Managing a business can be a challenging and stressful experience at the best of times. When the business is facing financial challenges the stress can be unbearable for any company director. Outstanding invoices, HMRC demands, letters and phone calls are constant. Everyday becomes a battle.
At the Business Debt Helpline, our goal is to support you every step of the way, assess and fully explain all your options, ensuring the best outcome for you and your company.
Don’t face financial uncertainty alone, talk to us today. We can help find the right path forward. Our team of experienced advisors is dedicated to offering clear, practical advice tailored to your specific needs. Your business will have options, and not every company needs to close.
Low-Cost Liquidation
Stopping HMRC & Creditor Pressure
Bounce Back Loan Support
Free Guidance - Fast Track Solutions
Don't be embarrassed, you are not the only person wondering how to get out of debt!
Visitors on site now
222
222 people a day are declared bankrupt or insolvent in the UK
£28913
Average debt of each adult in the UK. *Source Money Statistics March 2016
2 Mins
Yesterday we helped someone like you every 2 minutes