Debt write off

In the UK, several debt solutions can write off some or all of your unsecured debt

  • 20+ years of experience
  • All the support & help you need
  • Interest & charges may be frozen or written off
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No fee is charged for initial advice. Fees apply if you enter a debt solution with us, and your credit rating will be affected. The debt solutions will be explained in full. Some solutions result in debt write-off.

Free and impartial debt advice is available at www.moneyhelper.org.uk

Debt Help UK

We can help you with:

  • Credit cards
  • Payday loans
  • Store cards
  • Council tax arrears
  • Loans
  • Overdrafts
  • Catalogues
  • HMRC debts

While debt solutions can help with most unsecured debts, some priority debts, such as student debts, matrimonial debts, mortgages, secured loans, or certain court fines, cannot be included and must be paid separately. For full debt advice, you can speak to one of our advisors.

How does debt write off work?

Each debt solutions works differently and has different eligibility rules.

Individual Voluntary Arrangement (IVA)
An IVA is a formal agreement with creditors, usually lasting 5–6 years. Any remaining unpaid debt at the end of the IVA is written off upon successful completion.

  • You make one affordable monthly payment
  • Interest and charges are frozen
  • Requires approval from creditors
  • Suitable if you have regular income

Bankruptcy
A legal insolvency process that normally lasts 12 months. Most unsecured debts are written off when you are discharged.

  • Assets (if any) may be sold
  • Possible income payments for up to 3 years
  • Strong impact on credit file
  • Faster than most other solutions

Debt Relief Order (DRO)
Designed for people with low income, minimal assets and relatively low debt. Debts are written off after 12 months if circumstances don’t improve.

  • Strict eligibility limits (debt, assets and spare income)
  • Low application fee
  • No monthly payments during the moratorium period

 

People come to us when they are:

  • Seeking expert guidance on all available debt solutions
  • Feeling unsure about the next step to take towards managing their debts
  • Needing expert support managing creditor contact
  • Struggling to make monthly payments to their creditors
Speak to an advisor

Our 3 step process

1. Fill in the form

Tell us about your situation and and we’ll be in touch to discuss the next steps

2. Speak to an advisor

We’ll offer advice specific to your situation and explain all the solutions

3. Move forward

If you choose a solution with us, we will provide all the support you need

Take the first step today

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To qualify for proposing an IVA you must:

  • Live in England, Wales or Northern Ireland.
  • Have a regular source of income.
  • Owe more than £7,000 of unsecured debt.
  • Have a disposable income, after expenses of at least £100 per month.

Individual Voluntary Arrangments

An IVA is a legal debt solution where you make a single monthly payment toward your unsecured debts, usually over 5 to 6 years.
IVAs

Bankruptcy

Bankruptcy is a formal insolvency process used to deal with debts that an individual is unable to pay.
Bankruptcy

Debt Relief Orders

A Debt Relief Order (DRO) is a formal insolvency process for individuals with low income and few assets who are unable to repay their unsecured debts.
Debt Relief Orders

Debt Management Plans

A Debt Management Plan is an informal agreement between you and your creditors to repay your debts.
Debt Management Plans

Frequently asked questions

Our team will call you to build a complete picture of your income, spending, and debts. This conversation is 100% confidential, and there is no obligation to proceed.

 

If you complete the form during office hours, we’ll usually call you the same day for a confidential chat. We’ll help you review your debts and budget and explain the best debt solutions for your specific needs.

You can also call us on 0161 868 2500 or email info@thedebtadvisor.hubsolv.com.  

We charge no fees for our initial advice. If you choose a solution with our firm, fees will apply and will be explained clearly before you proceed. You can also access free and impartial debt advice from the Government’s MoneyHelper service. 

IVAs can include debt write-off, depending on eligibility, but it isn’t guaranteed. During your advice call, we’ll explain your options so you know what may be possible in your circumstances. 

Yes. The Debt Advisor Ltd is authorised and regulated by the Financial Conduct Authority to provide debt advice and administer certain debt solutions. 

Get debt help

The Debt Advisor Ltd is authorised and regulated by the Financial Conduct Authority. This means we can provide debt advice and administer both formal and informal debt solutions for individuals and business owners. No fee is charged for initial advice. However, we are a commercial organisation and if you choose a solution we provide, fees will apply and will be clearly explained to you.

We will talk you through all the solutions available in England, Wales and Northern Ireland. This includes solutions like Individual Voluntary Arrangements (IVAs), Bankruptcy, Debt Relief Orders, Debt Management Plans, and Debt Consolidation (subject to eligibility), to help you understand which may be most suitable for your circumstances. If you live in Scotland, different solutions apply, please visit Scottish Debt Solutions.

All debt solutions should be very carefully considered. You may fall into arrears or incur further arrears during the period whilst we are negotiating reduced payments with your creditors as you are not maintaining your contractual payments. Payments made to creditors under a Debt Management Plan with The Debt Advisor are distributed within five working days. Payments made into an IVA are distributed in line with the terms of the proposal. If you enter an IVA, Debt Relief Order or Bankruptcy, your personal information will appear on the Insolvency Register which is searchable by the public.