Hi , I have about 28000 pounds of debt in the UK

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Post by bevan.kn » Wed May 12, 2010 12:24 pm
Hi , I have about 28000 pounds of debt in the UK from 2 x credit cards (interest 23%!) and unsecured personal loan and an overdraft. I live in NZ now and am desperatley struggling to make payments. What are my options please? thanks

Michael Peoples

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Post by Michael Peoples » Wed May 12, 2010 12:50 pm
Hi Bevan and welcome to the Forum.
You could seek insolvency advice in New Zealand or the UK. There are various procedures in New Zealand for dealing with debt depending on the level and your personal assets. The New Zealand government has an insolvency website which would give you plenty of advice but you can also contact an IP here in the UK for advice.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com

Andrew Graveson

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Post by Andrew Graveson » Wed May 12, 2010 2:05 pm
Hello bevan.kn,

If you decided that insolvency was either not necessary or not desirable for you another option would be a debt management plan.

It is possible to operate a debt management plan on UK debt from overseas.
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
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