Debt Awareness Week 2023
March 22, 2023
Debt Awareness Week is a great opportunity to take stock, review your financial circumstances, and seek help if you feel that your debt is becoming
Debt Awareness Week is a great opportunity to take stock, review your financial circumstances, and seek help if you feel that your debt is becoming
With a focus on the cost-of-living crisis and encouraging people back into work, the Spring Budget 2023 introduced a host of new initiatives, from free
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Stay in control of your Christmas spending and avoid a painful New Year debt hangover with our top tips Set financial goals No matter whether
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If you’re considering entering an IVA, you’ll need to find an IVA company to help. But how can you find the right one for you?
With the Bank of England posting the highest interest rate hike in over 30 years, many of us are already feeling the effect on our
Talking about money isn’t always easy, but it can make a big difference to your financial and mental wellbeing. In honour of Talk Money Week,
Finding out that a loved one is having money problems is never easy, but you can sometimes spot the signs of financial difficulty and help
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.
