Debt Options

Administration Order

An application made through the County Court for people with debts under £5000, an unpaid CCJ & 2 or more debts. An Admin Order provides a formal, legally binding agreement between you & your creditors, usually with partial write off.


This is an online insolvency solution that writes your debts off if you can't afford to repay them. It's a legal process suitable if you're unable to repay your debts in a reasonable amount of time, & you have don't have assets of value you to protect.

Debt Management Plan

An informal arrangement to repay an affordable, pro-rata amount to your credit debts until they are repaid. There are organisations that provide free debt management plans to make monthly payment distributions for you.

Debt Re-organisation

More lending used to repay all or a proportion of your debts. The interest rate charged can be high on these loans & may stretch your debt over a longer period. This type of loan is often secured. For over 55's, equity release or a lifetime mortgage may be an option.

Debt Relief Order

An online insolvency solution that writes off debt & suits individuals that do not own a property. To apply, you must satisfy eligibility criteria, including total debts under £20,000 & less than £50 pcm disposable income.

Debt Write-off

If you can evidence that you are suffering exceptional financial circumstances with poor long-term prospects, you can appeal to your creditors for full or partial write-off of your debts. A long hold. or moratorium may be possible too.

Full and Final Settlement Offers

A full and final settlement agreement is a way of giving an agreed lump sum payment to a creditor against the full balance of a debt. The remaining balance will then be written off.

Individual Voluntary Arrangement

An affordable insolvency proposal to your creditors. The proposal is voted on by your unsecured creditors & if accepted by a majority, all are bound in. You must either have a one -off lump sum to offer or a repayment plan lasting 5 or 6 years.

Informal Offers

These are regular repayments offered to your creditors based on your income & expenditure & available disposable income You can administer these payments yourself & may be able to negotiate a freeze on interest & charges.