Trust Deed

What is a Moratorium?

Are you thinking of applying for a debt solution such as a Trust Deed or Debt Arrangement Scheme (DAS), but need more time to mull it over and are worried about what your creditors are ...

Council Tax: Attachment of Earnings – Things To Consider

If you’ve been struggling to pay your council tax, you may have received a letter notifying you of an arrestment of earnings. This can be a stressful and confusing situation to be in, so it’s ...

Wage Arrestment (Earnings Arrestment) – All You Need To Know

What is a wage arrestment (earnings arrestment)? The full and correct title of wage arrestment is an Earnings Arrestment Order (EAO). Wage arrestment is used to collect one complete debt and is a continuous process ...

Notice of Assignment: Debt Terms explained

A creditors’ main goal is to lend you money and to collect it, so they’re not the biggest fan of chasing those who fall into arrears. As such, sometimes they’ll pass it on. Being in ...

Bankruptcy in Scotland: How does this work

You hear about people going bankrupt all the time, and if you are struggling with debt you might even be considering it for your own situation. But how do you go bankrupt? What is the ...

What is a Debt Relief Order?

If you are struggling with your debt, there are many insolvency solutions you can consider. In England, Wales and Northern Ireland, the main formal insolvency solutions you can consider are an Individual Voluntary Arrangement (IVA), ...

Does a Debt Relief Order Affect My Credit Rating?

The Debt Relief Order (DRO) is a debt solution which allows your debts to be frozen for 12 months, before being written off in their entirety. The scheme is only available in England, Wales and ...

How Long Does the Debt Relief Order Process Take?

If you are resident in England, Wales or Northern Ireland, one debt solution that you can consider is the Debt Relief Order (DRO). This is a fairly quick, but restrictive, scheme which freezes your debts, ...

Can I get a Mortgage With A Debt Relief Order?

An important element of the Debt Relief Order (DRO) is that it heavily restricts you financially and has a very strict eligibility criteria. This is because, if successful, your debt may be written off entirely ...