One of the top debt management firms in the country has released a free guide to Debt Management Plans which can be downloaded from their website.
The document, issued by Baines and Ernst, provides an easy to understand guide to all the different debt solutions available and can be downloaded for free from their website.
With the UK dipping back into recession, the British economy is in its biggest slump since the 1970s. Households all over the country have struggled to deal with the increased pressure on their finances, with the cost of living spiralling sharply.
It is, therefore, unsurprising that according to research published by Credit Action, approximately every four and a half minutes some-one in the UK becomes either bankrupt or declared insolvent. And a property gets repossessed every 14 minutes.
However, when faced with mounting debts and no clear escape, it can be difficult to know what your options are. And finding clear and unbiased answers about what help is available can be difficult. The guide from Baines and Ernst describes the various solutions in detail and includes information about not just bankruptcy, but also Individual Voluntary Arrangements, Debt Relief Orders, Sequestration and Protected Trust Deeds. It also explains how a debt management plan works and how this differs from a formal debt solution.
The latest guide from Baines and Ernst is the first document to be released, but the firm anticipates more publications will follow. All will be available to download from the website, for both existing and new customers, as well as the general public, free of charge.
Any individuals wanting further information or considering proceeding with one of the debt solutions, can ring Baines and Ernst on 0161 822 0671. All calls are treated in strictest confidence and come with no obligation to proceed.