Solutions for Individuals

The Business  Debt Advisor

Debt solutions for individuals


Bankruptcy is a form of insolvency which allows you to deal with debts you can no longer manage. It may be suitable if you have minimal assets and after taking into account your costs of living, there is little or no spare money to pay towards your creditors. Read more….

Informal Full and Final

Bankruptcy can provide relief from debt if you have little in the way of possessions and surplus money that would be available to creditors in a bankruptcy. This could include personal guarantees to creditors or banks and claims by a liquidator/administrator for overdrawn loan accounts or excessive dividends. Generally offers via informal arrangements demonstrate that this is a better return to the creditor than they would get if you were forced into a formal insolvency. Read more….

Debt Management Plan for Self Employed

A Debt Management Plan (DMP) is an informal arrangement between you and your creditors which allows you to repay your debts, normally in full, at a rate that you can afford without relying on further borrowing. A DMP could be appropriate if your business debts are up to date but you are struggling with personal debts. Read more….

IVA for self-employed

Operating a self employed business is stressful especially if you have debt problems. Debts can accumulate for a range of reasons; bad debts, lost contracts, or just poor financial control. The debts may be a combination of business and personal, as personal loans and credit card debts are often accrued trying to support the business. Voluntary Arrangements can be used in a number of ways. Read more….


We approached the Debt Advisor when we hit rock bottom. We were initially reluctant to seek advice as to the "stigma" attached to debt. Following an initial chat with Bev Budsworth, we decided to use the Debt Advisor and enter into an IVA. Our case handler was Stephanie Jolly, who during the period of the IVA was nothing short of amazing. She was always on hand to support and assist. We have now come to an end of our arrangement. This was not possible without the help and support of the Debt Advisor. Anyone in a similar position please don't be embarrassed to seek help. If you require that help then seek help from the Debt Advisor. Both myself and my wife are externally grateful to the help and support given by both Bev and Stephanie. If they can help us, they can help anyone.

Careful consideration must be given to all options available to a financially distressed business. For more advice, fill out our contact form and we will be in touch. Alternatively, There are alternative free-to-consumer debt services at the Money Helper website