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    I'm struggling to pay my bills and need some advice
    "Read our... Quick guide to personal insolvency"

Personal insolvency:

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

1. Individual Voluntary Arrangements (IVAs):

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.

Learn more about Individual Voluntary Arrangements (IVAs)

2. 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.

Learn more about Bankruptcy

We have a dedicated team who can answer any other questions you may have. They'll talk you through the pros and cons based on your personal circumstances so you can make an informed decision.


0800 288 4088

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Head Office - Norwich  London  Cambridge  Bristol

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  •  01603 883 443
  • 64-66 Westwick Street,
          Norwich, NR2 4SZ.

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0800 288 4088

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