Worried about mounting debts?
Our licensed insolvency practitioners provide free, confidential advice tailored to your unique situation. No jargon, just clear solutions that give you a route out of personal debt.
Call 02380 651 441Contact Us
We can help if:
- You're under pressure from the HMRC, the bank or other lenders
- You can't repay your credit card, store card or loans
- You've had warning letters or the bailiffs have been around
- You don't know if you'll be able to pay next month's bills
Why Choose us
We'll look at your finances from all angles and give you options to deal with your debts. Once you've decided on the best solution, we'll guide you every step of the way.
Free initial consultation
Talk to us confidentially about your situation, before you commit to anything
Positive outcomes
We help you deal with personal debts in a structured and compliant way, minimising stress and potential legal repercussions.
Alternative solutions
If there’s a simpler way out of personal insolvency, such as restructuring your debts, our team can explore these options with you too.
Competitive Fees
We won't charge you over the odds for our personal insolvency services.
Proactive approach
By taking the time to understand your situation we can overcome any issues before they arise.
No Paperwork
We'll take all the personal insolvency paperwork off your hands and organise any meetings required.
Qualified, regulated experts
You can trust our licensed insolvency practitioners to give legally-sound advice.
Transparent Process
We'll keep you informed every step of the way so you know exactly what's happening... and what's next.
What does personal insolvency mean?
The term 'personal insolvency' means that you cannot afford to pay all the money you owe on time or in full. It doesn't mean that you're at a dead end.
In many cases, our personal insolvency experts can set you up with tools like a personal cash-flow forecast, which can help to identify and fix issues in your finances. In others, we can talk to lenders and creditors about the money you owe, and help to find an affordable solution to your financial challenges.
If these informal solutions aren't enough, our licensed insolvency practitioners can use a formal route like an Individual Voluntary Arrangement (IVA) to consolidate many of your personal debts. The most important thing to remember is that you can come back from personal insolvency. Our experts can guide you every step of the way.
Our Services
We know that 'one size fits all' doesn't work when it comes to solving your financial challenges. So instead, our nationwide team of licensed insolvency practitioners partner with you to find a solution that fits your personal situation.
Debt Management Plans (DMP)
If you are unable to pay your debts as they fall due each month, you could enter into a DMP. We can guide you on what write to your creditors to see if a compromise and/or monthly payment can be reached and agreed.
Administration Order
An Administration Order is a Court based procedure where you make regular payments to the Court towards the repayment of your creditors.
Debt Relief Orders (DRO)
If you owe less than £50,000 with little or no surplus income and little or no assets, a DRO can be a cost effective way of escaping the stress and burden of debt.
Bankruptcy
Bankruptcy is sometimes the right and best solution to an overwhelming debt crisis. Before you take this step – it is imperative that you seek independent advice to make sure this is the right option for you.
Individual Voluntary Arrangement (IVA)
An IVA is a contractual arrangement with your creditors and is tailored to your particular circumstances. The payments in an IVA can be made from any of the following; income, capital, third party contributions or a combination.
Our Industry Partners
Beacon LIP is part of the FTS family
FTS Recovery is a national firm of licensed insolvency practitioners, with offices and staff covering the whole of the UK.
We're built for the humans behind the business.
As a firm that's been designed by its directors from the ground up, we understand the challenges you face. Our experts provide straightforward, tailored business advisory, and insolvency and liquidation solutions - to give you the clarity and confidence to move forward.
