
Due to the pressures of the current economic downturn many clients do unfortunately find themselves with Mortgage and unsecured Debt and Credit card repayments that they cannot meet.
In all cases we strongly recommend that the clients initially seek professional help offered via their local Citizens Advice Bureau.
In such situations the pressure from secured and unsecured creditors can become extremely stressful with incessant calls and letters chasing payments. There are a number of potential options available to the client which include a self managed Debt Management Plan, entering in to an IVA, (Individual Voluntary Arrangement) with an insolvency practitioner or filing for bankruptcy.