Most Financial Institutions will form special purpose companies in which to house the debt before market conditions allow them to sell the debt to other Financial Institutions / Companies. Back in the 80's most of the third world debt went off shore to Financial Instititions that had offices in tax ...

LIBOR = London Inter Bank Offer Rate This is the rate that banks lend money to each other and is fixed at 11am each day. The common periods are:- Overnight 1 Week 1 Month 2 Months 3 Months 6 Months Large Corporates also borrower money this week with a margin added to the rate. Hope this helps Gary C...

Another good company is Finance Inc based in Manchester.

Website Address is finance-inc.co.uk

Good Luck

As you work in Finance you need to check your contact of employment to see if you are allowed to go Bankrupt.

You might find that you can undertake an IVA but not Debt Management or go Bankrupt.

The Finance companies I worked for in London had this clause in my contract.

Good Luck

You need to advise the courts of any assets that you may have eg house, shares etc. The courts will look at your DI and if there is enough to undertake an IVA they could propose this though them. In the meantime check with a Debt Management Company or IVA Provider and see what your options are. Reme...