I’m Never Moving Back to the UK. Do I Have to Worry About My Debt?

Question: Dear Jon, Moved to the United States 8 years ago…been paying off debt …Have approx. 6k in UK credit card debt remaining Never will be returning to UK so what are my best options to clear debt? Can I file for a DRO or other option? Phillip Answer: Philipp, How have you been paying … Read more

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 … Read more

Debt Relief Options – What In The World is Going On?

A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options (DebtReliefOptions.com) out of Frisco, Texas. Both readers wanted to point out the $100,000 sweepstakes Debt Relief Options was offering and one made the point Debt Relief Options appears to not be registered to do business in Texas, … Read more

Can I Do a Debt Relief Order in the UK From Poland?

“Dear Jon, Hi, I left U.K. at the end of 2011 because of serious family problem. I am in debt, three creditors, total 9900 pounds ( loan, credit card and overdrawn account). I have repayment plan, 5 pound to each creditor a month. At the moment to send 3×5 pound to each creditor costs 9pound … Read more

Can I Move Abroad When on a Debt Relief Order DRO? – Liga

“Dear Jon, Hi! My friend applied for DRO and it has been approved 2 months ago. He is without job now and been offered job abroad. Is there any restrictions about leaving a country? Couldn’t find nothing about it, just that he must inform Official Receiver about changing adress. Thank you! Is there any restrictions … Read more

DRO, Debt Relief Options. Let’s Play “Do They Comply?”

Today’s candidate for Do They Comply was sent in by a regular tipster (send in your tips here). It’s a good example to use for out little compliance game. Of interest is the column showing the saving example. I bet Freedom Debt Relief would have some advice to give on that issue after their recent … Read more

Debt Relief Orders – The Cheap Way to Legally Stop Collection Calls and Eliminate Problem Debt

America might be at the forefront of coming up with creative and crafty ways for consumers to extend themselves with credit and debt but real props have to got to the UK for coming up with a great tool to help consumers eliminate problem debt, legally, fully, inexpensively and without bankruptcy. The tool is called … Read more

Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

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 … Read more