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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

Crackdown on debt dodging directors

Directors determined to dodge debts by dissolving companies face disqualification and fines under a new government crackdown. The government has come forward with new proposals to raise standards in corporate governance by cracking down on directors who behave irresponsibly. These include: clawing back money for creditors including workers and small suppliers by reversing inappropriate asset […]

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Retailer insolvency – Playing your cards right

There are repercussions for users of Credit cards and gift cards where a retailer becomes insolvent. Sam Hawkins explains. Retailer insolvency has been on a noticeable increase recently with high profile cases such as Toys R Us and Maplin both entering Administration and New Look proposing a Voluntary Arrangement. When a large high street retailer […]

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Other options