Welcome to Money Advice Service

Providing UK bankruptcy Information, help and debt advice

The Money Advice Service offers specialist debt solutions throughout England and Wales and to British citizens now residing overseas. The Bankruptcy Information website has helped thousands of individuals find a debt solution and someone to assist them with free bankruptcy information, help, advice and direct assistance. We sincerely hope that we are able to assist you and welcome any comments you may have as to how we can improve our services. Please see our bankruptcy questions page for more detailed questions and answers.

How do we work?

We act as a bankruptcy information, help and advice e site for individuals looking for help and assistance with their financial situation. We also provide advice in all aspects of commercial insolvency, where any director or principle of a company or trading business can receive the right advice for their circumstances.

We are a one stop solution for both individuals and Company Directors, experiencing difficulties in their financial or trading positions. Every case is reviewed by the licensed insolvency practitioner, Nick Peat MB CHB FCA FABRP who is licensed by the Institute of Chartered Accountants of England & Wales. All enquiries that come through Bankruptcy Information UK will receive free initial consultation and advice as to the right solution to sometimes very difficult and complex situations. Our staff are friendly, approachable and are capable of providing positive insolvency solutions to negative situations. We have a very straight forward no nonsense approach. Our advisors will listen to your situation and will discuss with you what may be the right way forward be is debt management, Individual Voluntary Arrangement (IVA), bankruptcy information and assistance for individuals and people running a business or sometimes it may just be a case of us stepping in to help negotiate a reduced full and final settlement with your creditors.

Bankruptcy Information UK receives many thousands of visitors every month on a world-wide basis. We specialise within the UK market but can also assist British Citizens living outside the UK with all UK debt related matters. All our advisors are trained and skilled in all aspects of insolvency and debt solutions. If they feel that becoming bankrupt is not in your best interests, another solution will be proposed. This may be full and final settlement of your debts a Debt Management Programme, an Individual Voluntary Arrangement (IVA) or a Debt Relief Order.

All of our consultants are capable of guiding clients successfully within the confines of the current insolvency laws. Our consultants are straight talking, avoid jargon and therefore get the process moving as quickly as possible. Going it alone without any type of assistance is generally not recommended. If you are considering bankruptcy, then you should be aware that it is often full of pitfalls and can be very damaging if not done correctly. Forthcoming possible legislation is considering that bankruptcy applications can be done on line. The industry is particularly mindful that this can be inappropriate especially if a decision has been made by an individual as a result of an emotional reaction which may not be appropriate to their circumstances. The Money Advice Service’s role, when providing help and assistance with bankruptcy advice, is two fold :

First

To present your circumstances to the bankruptcy court in a manner that best represents your interests.

Second

To protect you against aggravation from creditors, debt collectors and bailiffs. We will even contact your creditors by writing to them and let them know that we are dealing with your financial affairs and that we are your appointed representatives. Therefore we act as a shield between you and your creditors enabling you to concentrate on what you need to do without constant interruption by threatening phone calls and demands for payment.

A Statistic

In the UK, 388 people entered insolvency every day during the first three months of 2010*. It is a difficult and stressful situation for those who are experiencing seemingly irresolvable debt problems. People find it difficult to locate accurate information at a time when they really need it. This information may then enable the individual to halt debt proceedings and achieve a more favourable negotiating position. Money Advice Service through Bankruptcy Information UK endeavours to provide these important services in a 'one-stop-shop' for individuals and company directors with commercial trading business and / or personal financial difficulties.

(*Source – Insolvency New, 29th April 2010)

Remember that we are detached from your situation and we review your position objectively. We intend to provide you with the insight to help you steer your way out of the financial position you currently find yourself in. We are geared to providing you with the motivation and will to recognise that change needs to take place if you are to achieve financial security. We endeavour to change bankruptcy proceedings and negative trading positions into positive solutions.

We aim to handle every case promptly. When necessary, we can send a representative to your home to assist you with paperwork or you can make an appointment to come into our offices. In urgent cases, we can send one of our representative to assist you with the paperwork. If the need for a solution is really urgent, we can give priority to your case to ensure your case is dealt with immediately. We can have your case in the bankruptcy court within days, if needs be.

The Bankruptcy Information UK website has a successful track record in stabilising an individual's financial position through negotiation, with a view to maintaining financial stability. As entrepreneurs ourselves,Money Advice Service understands the risks and challenges faced by businesses. The Money Advice Service supports a rescue culture, where the survival and nurturing of the business or individual is regarded as the best route for creditors and businesses alike. Lenders are more willing to try intensive care techniques as an alternative to liquidation or bankruptcy. There is more reason for troubled companies to consult a Company Insolvency Rescue Specialist than ever before. The chief skill of the Insolvency Practitioner is that of understanding and solving business problems. Employing rescue-orientated procedures (mostly voluntary arrangements) to turn businesses around constitutes an increasing proportion of the workload.

Whatever financial circumstances you may be facing, Money Advice Service aim to provide an all-encompassing problem solving service, enabling you to work from your current circumstances into a position of strength. The objective is to keep the entire process as simple and straightforward as possible

If you are a sole director of a Limited Company, we can assist you with Business Bankruptcy or Personal Bankruptcy rescue - and this includes solving problems with creditors, banks, credit cards, building societies, leasing and finance companies, bailiffs and sheriffs.

Call Freephone 0800 5977 977 and an agent will return your call promptly, or complete the Enquiry Form at the right hand side of this page.

What is bankruptcy?

Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings quickly or immediately free you from overwhelming debts so you can make a fresh start, subject to some restrictions; read more - What is Bankruptcy

What is an IVA?

IVAs were initially intended as a solution to help struggling businesses. In more recent years the IVA mechanism has been adapted towards consumer/personal debt. The IVA can be an appropriate form of debt solution if you have assets to protect or if you have a moral obligation towards your debt or struggle morally with the concept of bankruptcy. It can also be appropriate as a debt solution in situations where your job is at risk if you were to enter bankruptcy. A thorough review of your financial and personal circumstances would be conducted when considering the right debt solution for you as each person’s situation and circumstances are entirely different. Read more - What is IVA?