Dealing with Council Tax arrears
If you’re struggling with your finances and have fallen behind with your household bills, you may be dealing with Council Tax arrears. Check out our
If you’re struggling with your finances and have fallen behind with your household bills, you may be dealing with Council Tax arrears. Check out our
If you are feeling the pinch and concerned about your Christmas spending, you’re not alone. Read on for our guide to enjoying the festive season
Are you looking to improve your financial wellness as we head into winter? Check out our guide to find out how to manage your debt
As interest rates in the UK reach record highs, more companies are falling behind with debts and becoming insolvent. Find out why the number of
No-one likes the prospect of a visit from the bailiffs, but could having a Debt Management Plan in place stop them in their tracks? Find
Facing redundancy while dealing with debt is a tough situation and it can be hard to determine next steps. Read on for our guide to
If you have a credit card or store card debt and can only pay back the minimum payment each month, you might be at risk
If you have a variable income or no income at all, creating a workable budget can be more difficult – but it’s not impossible! Check
If your mood dips at the start of the new year, you’re not alone. Here are our 7 top tips to help you beat the
If you’re falling behind with your debt and the stress and worry is getting too much, you might be eligible for the Government’s Breathing Space
Considering entering an individual voluntary arrangement? Read on to find out the important IVA pros and cons that could help you make your decision. An
We know that finding the right debt management can be stressful and sometimes confusing. That’s why we’re here to help guide you through the process.
No matter your financial situation or difficulties, we can provide you with the right advice and support to help you become debt free.
Alternatively, if you’d like to speak to one of our advisers for expert advice call us.
Lucy Novo Deakin is a licensed insolvency practitioner in the UK by the Insolvency Practitioners Association (IPA).
My Debt Plan Ltd provides insolvency solutions to individuals, specialising in IVA’s. All advice given is provided in reasonable contemplation of an insolvency appointment. Where you are not suitable for an IVA, we may refer you to one of our trusted partners who specialise on alternative solutions, and as such we will receive payment for the introduction if you enter into a debt solution with one of our partner companies.
Registered address 2nd Floor Blenheim Court, Cheadle, Cheshire, England, SK8 2JY Company Registered in England and Wales Number 10992838 Data Protection ZB284067.
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
*Our advice on your options is always free. We will always notify you if a solution you choose has any cost.
**Of 2,381 IVA cases approved between January-December 2023, the average expected write off assuming successful completion is 74%.
A debt write off amount between 25% and 75% is realistic, however, the debt write off amount will differ for each customer upon their individual financial circumstances and is subject to approval of their creditors. Any remaining qualifying unsecured debt in your IVA will be written off, however some unsecured debts will be excluded, such as court fines, child maintenance and student loans, therefore you will need to continue paying these both during and after the IVA.