Debt Management Solutions
                     DEBT MANAGEMENT 
SOLUTIONS
In the UK there are a number of debt management 
companies who can assist you by offering various 
debt management solutions.
WWW.DEBTSUPPORTSERVICE.CO.UK
Let's look at the solutions 
that are available:
Debt Management 
Plan (DMP)
A DMP is typically chosen when an individual is able to make small 
payments to their creditor over a longer period of time.
Individual Voluntary Arrangement (IVA)
An IVA is an agreement with your creditors whereby an individual makes 
regular payments to an insolvency practitioner, who then distributes funds 
between creditors, on behalf of the debtor.
Bankruptcy
Bankruptcy is an option for those who have no means 
of paying their current debt.
Debt Relief Order (DRO)
A DRO order is eligible only for those with less than £20,000 of debt, have less 
than £50 a month as spare income, and have less than £1000 worth of assets.
Administration order
This is suitable for individuals who have a court case in their name for the 
debt they owe. However, debts must be lower than £5000. In this instance, 
monthly payments are made to a local court who will then distribute funds 
between creditors.
FOR MORE 
INFORMATION
www.debtsupportservice.co.uk