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Tag Archives: debt relief orders

UK Individual Voluntary Arrangements to Set Record


By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year would top 50,000. Well, on ... Read More »

    Should I File a Debt Relief Order to Get Rid of My UK Debt? – Marlene

    “Dear Jon, Am in debt and creditors are calling and writing. I am going to file for a debt relief order. I am not working at the moment as I am my mothers carer. She will be going into a home and i need to know after I have filed the dro, can i get out and start work again. ... Read More »

      Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

      Ready to Collapse

      An interesting new development in the UK is the formalization of a new tool, the Debt Relief Order, to let consumers eliminate their debts under the power of bankruptcy but without all the hassle or cost. For debtors that have less than £15,000 of unsecured debt and no assets, they can go to a credit counselor, who can file an ... Read More »

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