Get fast, confidential personal insolvency advice from people who really care.
If you are facing financial difficulty and don’t know where to turn, look no further than McAlister & Co.
Our dedicated team are personal insolvency experts who help hundreds of individuals struggling with debt each year. With more than 20 years of experience, we are a family-run business and one of the top personal insolvency practitioners in the UK.
We understand that if you are struggling with debt, it can be a very stressful time – which is why we are here to help you every step of the way. What’s more, if you’re feeling nervous about reaching out to us, please be assured that our team doesn’t need personal details to answer initial questions.
There’s no need to suffer in silence; reach out to our friendly team of personal insolvency experts today and take the first step towards your debt-free future.
Our personal insolvency solutions
We offer a range of procedures that can reduce or write off your debt, or simply give you some temporary breathing space to help take the pressure off. We understand that each situation is unique, which is why all of our personal insolvency solutions are tailored to you and your individual needs.
Individual Voluntary Arrangement
Do you need to reduce your unsecured debt because you’re struggling to make the payments each month? If you owe more than £15,000, an Individual Voluntary Arrangement (IVA) could be the right solution for you. An IVA is a legally binding agreement that protects you from legal action by creditors.
When you enter an IVA, a repayment plan will be drawn up based on what you can afford, not what you owe. After the set period (typically five years), any remaining debt is written off. What’s more, with an Individual Voluntary Arrangement, your home and other assets are usually protected too.
Debt Management Plan
Have you hit a rough patch financially? Do you need to reduce your monthly payments to credit cards and loans? Then you could benefit from a Debt Management Plan. At McAlister & Co, we are personal insolvency experts – so we will deal with your creditors on your behalf and arrange a bespoke plan based on what you can afford, not what you owe.
There’s no set time period, which means you can use your Debt Management Plan as a short–term fix or longer if necessary. Additionally, your home and other assets are usually protected as well.
Do you have a large amount of debt that you need to write off as you can no longer afford the repayments? With our Bankruptcy solution, large amounts of debt can be legally written off. What’s more, you will usually be released from restriction after 12 months, meaning you can make a fresh start without the debt.
At McAlister & Co, we’re on your side and can guide you through the bankruptcy process, helping with paperwork, providing professional advice and accompanying you to meetings and appointments. Please note that a one-off fee of £680 is payable.
Debt Relief Order
If you need to make a fresh start financially but have very little income and no assets, a Debt Relief Order could be a solution. Sometimes known as a mini-bankruptcy, Debt Relief Orders were introduced for individuals with little or no assets, very little disposable income and whose debts are under £30,000.
A Debt Relief Order works in a similar way to bankruptcy in that you will be released from the debt you owe once the time period is over (typically 12 months). There is also an inexpensive fee of just £90. Find out more here.
If you are struggling with debt and the bills are mounting up, the sooner you seek advice, the more options you will have.
So, for a free confidential consultation with our personal insolvency experts and to find out how we can support you, contact McAlister & Co today. Alternatively, you can also discover a list of answers to the most common personal insolvency questions we get asked by our clients here.