Debt Relief Orders reach record numbers
January 10, 2024
The number of people seeking Debt Relief Orders has reached its highest level since 2009, but is it the right debt management solution for you?
The number of people seeking Debt Relief Orders has reached its highest level since 2009, but is it the right debt management solution for you?
Feel inspired to prioritise your money management in the new year with the top 5 financially smart ways to start 2024 As 2023 comes to
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
Depending on your circumstances, an IVA can help you get back on track financially. Learn how to make your debt recovery experience a success story
If you’re struggling with your repayments, exploring your debt relief options can help you decide whether an IVA is right for you or not. Read
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
Whether you’re curious about the status of your own assets or wondering what happens after a loved one passes away, our guide will help you
Whether you’re approaching pensionable age or planning for the future, check out our quick guide to everything you need to know about the UK State
If you’ve fallen behind with your rent payments or are facing eviction for another reason, find out how it could affect your credit score and
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
If you’re looking to clear your mind and take control of your money, check out 9 ways that autumn cleaning can help you declutter your
While subscription services can help you save time and money, or offer access to entertainment or exclusive products, they can quickly add up and affect
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.
