Go Bankrupt or Avoid Bankruptcy

Frequently Asked Questions

IVA FAQs
Trust Deed FAQs
Bankruptcy FAQs
Debt Management Plan FAQs

Case Examples

Debt approx £38k?
Client was struggling to make monthly payments of £785. We reduced this to £260 per month

Debt approx £100k?
Client was struggling to repay monthly payments to creditors of £1,677 per month.
With an IVA, these monthly payments were reduced to £550

In House Articles

A bit about Bankruptcy .............

Filing for bankruptcy
This is a personal decision, influenced by the total amount of debt you have and your ability to meet the payments.

Being chased by creditors when you have no money can be extremely stressful. The decision to file should not be made solely to stop demanding creditors as some debts can't be discharged in bankruptcy.

Depending on your circumstances, bankruptcy may or may not make sense for you.
If after the bankruptcy you will be no better off than you were before, why do it?

The decision as to whether and when to file a bankruptcy petition should be based upon the facts of your individual case.

Avoiding bankruptcy

Sometimes when people find themselves facing serious debt problems bankruptcy may seem like the only way out. This is not always the case.

People with assets and/or professional jobs (or any other special circumstances) may wish to avoid going bankrupt. There are other options available but you should explore all these options carefully before making any decisions.

You may be able to propose an IVA or Debt Management Plan with McCambridge Duffy

To find out if we can help you to avoid bankruptcy or just get some free advice call 0800 043 3328 or fill out the form below.

McCambridge Duffy Debt Solutions

At McCambridge Duffy we offer the following services:

-Individual Voluntary Arrangements (IVAs)
-Debt Management Plans ( DMPs)
-Trust Deeds (Scotland residents only)

-Debt Arrangement Schemes (DAS)
-Formal Scheme of Arrangements (Ireland only)

Any one of the debt solutions we offer could dramatically reduce your monthly repayments and in some cases (IVAs) a large percentage of your debts will be written off by your creditors.

Call us now on 0800 043 3328 or fill out the form below.

Just want advice?
-General Financial Advice
-Bankruptcy
-Bailiffs
-Charging Orders

All our staff are extremely well trained so whatever solution you decide on we will be able to advise. We do not charge a penny for our advice. Call us now and get free advice without any obligation to proceed.

We understand how stressful a debt problem can be. We know what a strain it can be for you personally and for your family. We are not here to judge you; we are just here to help you.

The fees for an IVA are all set by the creditors (no matter which provider you use), so if your IVA application is successful, the only thing to worry about is whether you have chosen the right Insolvency Practitioner or not.

All fees are taken out of your affordable monthly payment so you will never be asked for additional fees or receive a bill from us.

We are the longest established IVA provider in the UK and have thousands of happy clients. We also have one of the highest success rates in the industry.

We have 6 full time highly regulated Insolvency Practitioners giving us a wealth of experience and knowledge (most other providers have just 1 or 2), so we have probably seen all possible circumstances. If we cannot provide you with an IVA no one can.
Call us now on 0800 043 3328 or fill out the form below.