How to deal with debt
- Debt management plans, IVAs, debt relief orders and bankruptcy explained
- Reasons to avoid commercial debt management companies
- Key contacts for free and independent debt advice
What's in this guide
Bankruptcy could be the best debt solution for you, but make sure you take free, independent advice first.
IVAs are often called 'bankruptcy light', but they still have serious repercussions and you'll need to think very carefully before deciding on this option.
Find out if a debt relief order, debt management plan or other solution could help clear your debts
Commercial debt management companies charge for a service that is available free elsewhere