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  • Personal Insolvency

    RCM's specialist personal insolvency services provide simple advice and solutions to individuals experiencing personal debt problems.

    Bankruptcy: Bankruptcy is one way of dealing with debts, which you are unable to pay. Bankruptcy proceedings free you from overwhelming debts, subject to some restrictions; and make sure your assets are shared out fairly among your creditors. Anyone can go bankrupt, including individual members of a partnership.

    Individual Voluntary Arrangement: An Individual Voluntary Arrangement (“IVA”) is an alternative to personal bankruptcy, which is a legally binding agreement between the individual and his/her creditors, which involves adhering to a repayment schedule (usually) over 5 years.
    An IVA allows the individual to avoid bankruptcy provided the debtor meets creditors’ requirements (pursuant to the IVA) through regular repayments and a final recovery of a percentage of the total sum owed.

     
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    Awards & Accreditations

     

    Award Seal Richard Cacho

    Richard Cacho Awarded No.1 Insolvency Practitioner in Norfolk

    Richard Cacho award article

    Head Office - Norwich