Considering Bankruptcy?
Did you know you might be able to qualify for an IVA instead?
Declaring bankruptcy is the last resort when it comes to taking control of your debts. Because we know just how stressful it can be, through our partners we can provide a facilitation service and support helpline to help you through.
The IVA is a popular alternative to bankruptcy for people who are in £15,000 of debt or more. There are many benefits to an IVA: it doesn’t do the same damage to your credit records as bankruptcy. Subject to creditor approval interest and extra charges are stopped, and you pay back your debt in manageable monthly sums. An IVA is a formal agreement between you and your creditors and failure to adhere to the agreement can result in bankruptcy.
Take the Blair Endersby Express Debt Test now to see if you qualify for an IVA.
Why do people declare bankruptcy?
The most common reason for bankruptcy is if you have a very low or negative disposable income or if you cannot afford to make repayments on your debts. We cannot stress enough that this should be your last resort and if an IVA is possible, at Blair Endersby we’ll make it happen and be with you every step of the way.
Why not speak to one of our advisors now – it only takes five minutes and you could be on the road to a debt free existence.
Call today on 0800 096 1711, or take the Express Debt Test today to see if bankruptcy is really necessary.
* Only applicable for an IVA – Terms & Conditions Apply: Debt write off applies only where an Individual Voluntary Arrangement is suitable, adhered to and at the end of 60 months. This relates to unsecured debts that were included with an IVA and does not include any secured debts mortgages, HP or utility bills. Failure to adhere to an IVA can result in bankruptcy. An IVA will affect your credit rating for up to 72 months after completion of your IVA. Fee Payable this is paid out of your monthly contributions to your IVA and will be notified to you in advance. Homeowners may be required to remortgage after 3 years. Alternative solutions may be offered.
* Blair Endersby Ltd: Registered Office Address: City Wharf, New Bailey Street Manchester, M3 5ER. Registered in England and Wales: 3849301: Consumer Credit Licence Number:480389, VAT Registration:855339696: Data Protection Registration No Z8891939: Our Insolvency Practitioners are licensed by the Association of Chartered Certified Accountants.
Blair Endersby - IVA Specialists, IVA Advice a sister company of Baines and Ernst Debt Solutions Specialists