Personal insolvency

Suffering from personal debt can be an overwhelming experience. Accura Accountants are experts in the whole area of personal debt management and can advise you as to the different solutions that are available to individuals. When you contact us, our experts will discuss your particular circumstances and explain what options are open to you. These could include a debt management scheme or an informal arrangement or one of the more formal procedures such as a deed of arrangement, an individual voluntary arrangement or bankruptcy.

Accura Accountants have many years experience in all of the above areas and are market leaders in the provision of individual voluntary arrangements (IVAs).

Bankruptcy

There are instance where bankruptcy is the best option for an individual.

Debt management

This involves a rescheduling of an individual’s debts in a manner similar to such as may be considered by either a deed of arrangement or an IVA.

Deed of arrangement

A little used procedure that, under certain circumstances, may be more beneficial to an individual and his creditors than either debt management or a voluntary arrangement.

Individual voluntary arrangements (IVA)

The most popular alternative to bankruptcy.

Informal scheme

It may be that an offer to compromise an individual’s debts may be capable of being made on an informal basis.