Debt advice

If you are experiencing debt problems it is important that you seek advice at the earliest opportunity, at Stephensons our specialist debt solicitors have vast experience in helping people to manage their finances.

We recognise the difficulty and stress that can arise when dealing with debt problems and are able to guide you through all the options available and find the appropriate solution tailored to your personal circumstances. If you would like advice from our debt specialists please do not hesitate to contact us on 0203 816 9314.

Areas of specialism

  • Debt management plan
  • Individual voluntary arrangement
  • Writing off unenforceable credit/loan agreements
  • Repossession advice
  • Bankruptcy advice

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Debt management plans

If you have multiple debts a debt management plan may be a good way of resolving the situation when more formal solutions such as individual voluntary arrangements or bankruptcy are unavailable. A debt management plan is an informal arrangement which will involve debts being paid back in full over a longer period of time. Due to the informal nature of debt management plans creditors can may still chase debtors for higher payments.

If you require a debt management plan we have over 20 years of experience in this area and have developed our debt management plan to ensure the maximum protection is available to you, stopping collection calls, and harassment from creditors.

Unlike other debt management plan providers our debt specialists will seek to recover bank, credit card and payment protection insurance charges on your behalf. We are also able to offer the services of the leading team in the country in writing off certain unenforceable loan agreements

Individual voluntary arrangements

Unlike a debt management plan an individual voluntary arrangement is a legal contract between you and your creditor which will be supervised by a licensed insolvency practitioner. An individual voluntary arrangement is intended to act as a compromise and can help to avoid consequences related to bankruptcy.

An Individual Voluntary Arrangement (IVA) is a legal contract between yourself and your creditors. The advantage is that it is a legally binding arrangement which will be supervised by a Licensed Insolvency Practitioner. An IVA is intended to lead to a compromise between you and your debtors and in turn can help you to avoid the consequences related to bankruptcy.

For more information on the options available to you and how our debt advice specialists can assist please call 0203 816 9314 or fill in our online enquiry form and a member of our team will contact you.

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Stephensons have proved to be a well organised company and very understanding in a difficult situation. And I would not hesitate to contact them again if the need arises.
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As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

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As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.