Bankruptcy - Last Resort

For further information on bankruptcy click on the following links:

If you are considering Bankruptcy as a solution to your debt problems, it may pay you to consider an alternative solution.

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Are you facing Bankruptcy?

Did you know that with an IVA you will be able to write off part of your debt and could be debt free within a few years.* In addition to this, you won’t risk losing your home and will have some say regarding which of your assets are taken as part of the IVA.

We offer other solutions to debt as well as IVAs. Depending on your financial situation, you may want to consider a Debt Management Plan, consolidating your debts, or applying for a remortgage.

It is important to note that you can still take out an IVA after bankruptcy. If the bankruptcy order has been made, but you are not yet a discharged bankrupt then you may qualify. Please contact us for further advice by filling in our online form.

Give us 5 minutes and we'll give you:

  • Advice on all debt solutions that you may apply for
  • If your debt can be written off
  • Explain any interest or charges that can be frozen
  • Honest, no obligation advice

*Only applies to unsecured debt that is included in the IVA.

Some solutions, such as a Debt Management Plan or an Individual Voluntary Arrangement involve costs when the plan is set up.  These costs are there to cover the expenses and work undertaken on your behalf.  You will always be told clearly about any costs upfront.  Other solutions, such as a Bankruptcy incur costs which are payable to the Court; Debt Relief Orders incur costs which are payable to the Insolvency service.

Debt Direct is a trading name of Tatstar Limited. Tatstar holds a consumer credit license to offer debt counseling. Your enquiry will be passed to a selected third party who will contact you to discuss the most appropriate solution for your circumstances.