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  • Private & Confidential
  • Regulated Help
  • Trained Experts

Who is Advice Debt?

We are a trading style of adviceddebt Insolvency who are an insolvency practice and provide IVAs throughout England, Wales and Northern Ireland. Our insolvency professionals abide by the following set of principles:

  • We recognise

We recognise how difficult it can be when your struggling financially, so we will not make judgement and will provide impartial and honest information which relates to your circumstance.

  • Our objective

Our objective is to provide a solution to improve your financial situation.

  • Our commitment

Our commitment is to always listen non-judgmentally and strive for complete customer satisfaction!

  • What to do next

Come to us for help, and we’ll find the best way for you to get back on track! Call 0333 339 7212 and our experts will walk with you every step of the journey.

Check if you qualify

What do we do?

Advice Debt specialise in the administration of Individual Voluntary Arrangements (IVAs).

You can find out more about what an IVA is and how it could benefit you on our website. We can offer guidance on the support available to you and help with your debts. It is important to remember that an IVA is not suitable in all circumstances and so you will need to be provided with all the information before you apply. We can let you know if you’re eligible for an IVA.

Apply for an IVA

Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement (IVA) is a way for individuals to restructure their debt by making monthly payments with an agreed-upon amount over time typically over five years. The remaining debt is legally written off and individuals are legally protected from creditors for the duration of the five years. Interest and charges are frozen legally, and creditors cannot take any further action.

Advice Debt specialise in the administration of IVAs, however, should an IVA not be the right solution for you, or you do not qualify, we will refer you to an FCA regulated firm who can discuss all the options available to you!

Check if you qualify

Protected Trust Deed (PTD)

A Protected Trust Deed (PTD) in Scotland is an agreement between you and your creditors that allows them to combine all of their unsecured debts into one affordable monthly payment which lasts typically for around three years. Once complete, the remaining debts will be legally written off. In the England the equivalent is called an Individual Voluntary arrangement (IVA).

Advice Debt specialise in the administration of IVAs, however, should an IVA not be the right solution for you, or you do not qualify, we will refer you to an FCA regulated firm who can discuss all the options available to you!

Check if you qualify

Debt Management Plan (DMP)

A Debt Management Plan (DMP) helps by combining your unsecured debts into one affordable monthly repayment. It’s suitable for non-priority debts like credit and store cards, overdrafts as well as unsecured loans.

Advice Debt specialise in the administration of IVAs, however, should an IVA not be the right solution for you, or you do not qualify, we will refer you to an FCA regulated firm who can discuss all the options available to you!

Check if you qualify

Bankruptcy

Bankruptcy is a legal process where you can legally write off your debts. It’s available to residents living in England Wales and Northern Ireland – In Scotland, Bankruptcy is known as Sequestration.

Advice Debt specialise in the administration of IVAs, however, should an IVA not be the right solution for you, or you do not qualify, we will refer you to an FCA regulated firm who can discuss all the options available to you!

Check if you qualify

Debt Relief Order (DRO)

A Debt Relief Order (DRO) is a formal insolvency process which results in all your qualifying debts being written off. On the 6th April 2024, the government announced in their budget that they have removed the fee to apply for a DRO which had been £90 previously. This means you do not need to make any payments toward your creditors where you qualify and enter into this solution.

Your debts are placed on hold for 12 months before being written off. Only the debts included in the order can be written off so it is important you know who you owe money to.

In order to qualify for a DRO you must not be a homeowner, not have assets worth more than £2000 and not own a vehicle worth more than £4000. You must not have more than £50,000 of outstanding debts and must have less than £75 disposable income each month. 

Check if you qualify

Let's get started

  • Safe, secure and confidential.

Our team of experts help thousands of families every year across the UK get their finances back on track.

Based on over 2200 customers being supported from January 2024 to September 2024

Is an IVA right for you?

We can discuss your eligibility for an IVA

Enquire today

Prefer to speak later?

We will offer guidance, support and a solution at a time that suits you.

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*To find out more about managing your money and getting advice, visit Money Helper, an independent service set up to help people manage their money.

Have a question?

Open 8am to 8pm Mon - Fri
Sun 10am to 4pm

0333 339 7212

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To Qualify for debt-write off in an IVA or Trust deed, you must have a minimum of £6000 of qualifying unsecured debt owed to two or more creditors. A debt write off amount between 25% & 75% is realistic, however the debt write-off amount for each customer differs depending upon their circumstances and is subject to the approval of their creditors.
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