Clarity Insolvency
Trustpilot

Guiding you
out of debt

  • Free initial advice
  • Guidance from a debt advisor
  • Information about all UK debt solutions
See your options

May not be suitable in all circumstances. Fees and disadvantages may apply. Entering into an IVA will affect your credit rating.

IPA

Licensed Insolvency Practitioners

4.6 ★

On Trustpilot

3.5K

People helped each month

EXAMPLE: BEFORE

Total unsecured debt owed

£8,275

EXAMPLE: AFTER A SOLUTION

Debt written off

up to 59%

New monthly payment

£110 pm

Illustrative example of a completed IVA. Write-off percentage and payments depend on individual circumstances. Average household debt figures based on statistics from NimbleFins.

Debt advice you can trust

Whatever you are facing, we will take the time to understand your situation before recommending a solution.

Clear advice when you need it most

Here's what to expect when you speak to us.

  1. Free initial chat

    You will have a confidential conversation with one of our advisors with no pressure or obligation to proceed.

  2. Know your options

    We look at your full situation and explain the solutions you qualify for with no jargon.

  3. Set-up your solution

    When you decide on your solution, we will handle the paperwork and deal with creditors on your behalf.

A woman smiling while talking to a debt advisor on her phone, with the testimonial: "I was desperate, they helped me out of a black hole", Heather

Debt solutions

Helping you find the right solution

We will advise on all the debt solutions you could be eligible for to help you decide on the best option for your circumstances.

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Individual Voluntary Arrangement (IVA)

A formal agreement to repay what you can afford

  • Typically lasts 5 to 6 years
  • Single, affordable monthly repayment
  • Can stop creditor action once approved
  • Remaining unsecured debt written off at end of IVA
  • Credit rating affected for 6 years from approval
  • Recorded on the public Individual Insolvency Register

Debt Relief Order (DRO)

Designed for people with low income and assets

  • Provides legal protection from creditor action and debt enforcement
  • Clears included debts after 12 months
  • Affordable with no application fee or ongoing monthly repayments
  • Set-up by an approved DRO advisor
  • Your credit rating will be affected for 6 years
  • Recorded on the public Individual Insolvency Register

Bankruptcy

A formal legal process to become insolvent

  • Most unsecured debts cleared at the end
  • Typically discharged after 12 months
  • May affect your home, savings and pension
  • Some careers and professions can be restricted
  • Affects your credit file for 6 years
  • Published on the Individual Insolvency Register and The Gazette

Debt Management Plan (DMP)

An informal arrangement to repay at a reduced rate

  • Repay at an affordable rate
  • Streamlines multiple debts into an easy-to-manage monthly payment
  • No fixed end date
  • Not legally binding, creditors can still take action
  • Interest and charges may continue to apply
  • Likely to affect your credit rating

Protected Trust Deed (PTD)

A formal repayment plan available in Scotland

  • Available to residents in Scotland
  • Typically lasts four years
  • Remaining debt at the end of the PTD is written off
  • One affordable monthly repayment
  • Affects your credit file for 6 years
  • Published on the Individual Insolvency Register

Debt Arrangement Scheme (DAS)

An initiative offering a structured repayment plan

  • Available for residents in Scotland
  • Repay in full at an affordable rate
  • Freeze interest and charges on debts included in the DAS
  • Stop legal action from creditors bound by the arrangement
  • It will affect your credit rating and may impact access to credit
  • The DAS is registered on the public Debt Arrangement Scheme Register

Not sure which is right for you? Speak to an adviser and we will help you work it out.

Frequently asked questions

How much does advice cost?

Initial advice is free and confidential. If you go ahead with a formal solution, fees will be explained in full by an advisor.

Will this affect my credit score?

Most debt solutions will affect your credit score. An advisor will explain the specific impact of each option so you can decide what is right for you.

Are you regulated?

Our Insolvency Practitioners, also known as IPs, are authorised by the Insolvency Practitioners Association (IPA).

How long does the process take?

The timeline depends on the solution. An IVA typically lasts five to six years; a DRO usually 12 months; a Debt Management Plan varies.

Can I include all my debts?

Most unsecured debts can be included. Secured debts (e.g. court fines, child maintenance, student loans) are usually excluded. We will tell you what applies to you.