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Other Options for Individuals

Which way should I turn?

What else can I do if I’m insolvent?

It might be the case that neither a bankruptcy or an IVA works for you. There are some other options for you to consider. These include:

  • Negotiated agreement with creditors
  • Debt consolidation or reorganisation
  • Debt Management Plan
  • County Court Administration Order (CCAO)
  • Debt Relief Order (DRO)

Bishop Fleming Business Recovery and Insolvency doesn’t deal directly with all of these procedures, but if we think they’re the right direction for you to take, we can put you in touch with one of our partner organisations, who’ll take you the rest of the way.

Your Personal Debt Advice Team

Insolvency News

Insolvencies rise as margins are squeezed

The latest statistics for insolvencies in England and Wales covering the last quarter for 2017 reflect a difficult year for companies and individuals. The Association of Business Recovery Professionals, R3, have highlighted a number of trends in the latest insolvency figures from the government. Corporate Insolvencies Corporate insolvencies rose by 2.5% to 15,112 in 2017 […]

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New clampdown on high-cost credit planned

The Financial Conduct Authority (FCA) is considering a clampdown on companies that provide high-cost credit to consumers. This could include imposing a cap on interest rates charged. Such a move would be a follow up to the FCA’s 2015 clampdown on the high interest rates charged by so-called “payday” loan companies. It is understood that […]

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Other options