Consumer debt has now hit extraordinary levels, led by low interest rates and easy access to credit card facilities. Inevitably consumers have found these facilities to be a ‘wolf in sheep’s clothing’ and credit card convenience has become very expensive.

The options are simple. However, the choice requires careful consideration. We endeavour, through our Relief4Debt website, to help you identify the option most suitable to you.

Options can include:

• Individual voluntary arrangements (IVAs)
• Debt consolidation
• Debt management plans
• Bankruptcy

We explain:

• The consequences of bankruptcy
• Avoiding bankruptcy
• IVAs – the detail

As a general principle, whichever option you prefer, you should commit yourself to only what you can afford.

Visit our Relief4Debt website or contact our team to discuss your case further.

Restructuring & Insolvency partners:

Steve Smith
Partner
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Peter Godfrey-Evans
Partner
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Chris Laughton
Partner
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Contact us:

Call 0845 603 6253 to speak with one of our Licensed Insolvency Practitioners or alternatively you can email us.

The Restructuring & Insolvency team have considerable experience and strong reputations for dealing expertly with a wide variety of insolvency issues. We specialise in rescuing businesses through operational turnaround and financial restructuring, and through the constructive use of formal insolvency procedures. We can deliver and implement a restructuring solution, which will not only get the business back on track, but will provide real improvements to cash flow, profit and the business’s net worth.

Mercer & Hole have offices in London, St Albans, Milton Keynes and Northampton.