Inquesta provide practical solutions and advice if you are having financial difficulties. Our personal insolvency advisors are here to guide you through what can be a difficult time and a daunting process. Our personal insolvency advisors pride themselves on their sensitive approach and our specialist experience means you can be sure you are getting the best advice and assistance possible.

Personal Insolvency Advice

Our insolvency practitioners can give you details on the following, however it is important to note that each of the options below can adversely affect your credit rating. This should not necessarily be a factor in deciding which course of action is the most appropriate and our personal insolvency practitioners are here to guide you through the process and explain every step of the way.

Let Inquesta’s insolvency practitioners’ help you avoid further problems and give you the most appropriate advice you need for:

A debt management plan is an agreement between you and your creditors (those you owe money to). You can pay one monthly amount that is distributed equally amongst your creditors

An Individual Voluntary Arrangement commonly known as an IVA is a legally binding agreement that you reach with your creditors. You agree to pay back a certain amount of money over a certain period of time. This period of time will be defined in the IVA agreement.

You can be made bankrupt by someone else if you owe more than £5,000 and that debt is not disputed or, you can make yourself bankrupt. Bankruptcy provides a way for you deal with debts you cannot pay and gives you a fresh start. There are a number of restrictions which you can be subject to in bankruptcy.

If you have debts of £20,000 or less, total assets of no more than £1,000 and disposable income of £50 a month, a Debt Relief Order may be a suitable option for you. However, if you own a property you will not be eligible for a DRO. A Debt Relief Order lasts for one year.

Contact Our Personal Insolvency Specialists Today

For more information and advice contact Inquesta’s personal insolvency advisors today on 0333 005 0080. Alternatively, you can Live Chat with one of our insolvency practitioners now or complete our online enquiry form and we will be in touch promptly. You may also request a call back and we will ring you at a time that is convenient. Get the expert personal insolvency advice you need today, let Inquesta’s insolvency practitioners advise and assist you.