- Individual Voluntary Arrangements (IVA's)
- Bankruptcy Return to homepage
- Debt Relief Orders (DRO's)
- Debt Management Plans (DMP's)
- Informal Agreement with Creditors
- County Court Administration Order (CCAO)
- Trust Deeds (Scotland)
- Consolidation Loan
- Mis-sold Payment Protection Insurance (PPI)
- Debt Calculator
What are the savings?
Some bankruptcy costs are unavoidable. However, substantial savings can be achieved through an annulment in respect of the following:
|
Stay Bankrupt No Annulment |
Bridging Finance Plus Annulment |
IVA Plus Annulment |
|
| Can Interest on debts be frozen? | Yes | ||
| Can an independent Trustee be prevented from being appointed in order to avoid substantial additional fees being incurred? | Yes | Yes | |
| Can Secretary of State fees at 17% on realisations be avoided? | Yes | Yes |