Free Professional Debt Advice Sale
If you are based in Sale and struggling with debt then get confidential expert debt advice from Umbrella and enjoy peace of mind. Umbrella are Licensed Insolvency Practitioners, accredited by the FCA, based in Wilmslow, Cheshire. We deliver friendly, clear and confidential services to individuals and businesses struggling with debt.
If you are a business in Sale struggling with debt, don’t delay, get help now and take back control.
If you are an individual in Sale with debt problems we could help you reduce your debts, stop the demanding phone calls and arrange a single affordable monthly payment with an IVA.
Contact us today for a FREE initial consultation, either face-to-face or by phone, to understand your individual debt situation and to discuss the options available to you.
Business Debt Help Sale
If you are a business experiencing financial difficulty, don’t delay, get help now and take back control. Contact us today for a FREE initial professional consultation to understand your debt situation and to discuss the options available to you
Umbrella are Licensed Insolvency Practitioners, based in Wilmslow, Cheshire. We deliver friendly, clear and confidential services to individuals and businesses struggling with debt.
Whatever scenario your business is facing, we have a range of options to help you tackle the financial problems. The sooner you act, the sooner we can help you put your company on the right path.
A lot of business clients are surprised by the range of viable options that are open to them. We can often help you keep trading if that’s what you want.
Why trust Umbrella Insolvency to help with your personal debts? (IVA) Sale
We are not a faceless call centre, the same friendly professional advisor will be with you every step of the way to become debt free.
Face-to-Face IVA Advice in Wilmslow – Available Now!
You are welcome to come to our Wilmslow offices for an initial consultation or we can discuss your personal debt situation on the phone if you prefer.
NO MORE unwanted stressful phone calls
NO MORE worrying interest or charges applied
Have some of your debt WRITTEN OFF
ONE affordable monthly payment
Debt free in just 3 simple steps
Fill in and submit our simple contact form, call 0800 611 8888 now or email firstname.lastname@example.org and one of our friendly team will be in touch today.
We will discuss your individual situation, go through all of your debts and work out what you can afford to pay each month.
Select the right debt solution for you and relax.
Are you in Sale and struggling with debt? Get expert debt help. Act today!
I would like to thank Sarah and her team for all the hard work they have put into helping me sort my finances out once and for all. Without this IVA I would still be struggling every month trying to make ends meet. I received nothing but an efficient polite service every time I spoke to a member of your team and I’m so very grateful. Thank you so much.
First of all, I would like to say a BIG Thank You for all of your assistance over the past year. I would not be in the positive state of recovery without Umbrella. Your care and assistance at the application stage last summer, along with the advice throughout the year, has been great. I would not hesitate to tell anyone in my negative situation where to turn to.
Individual Voluntary Arrangement (IVA) Sale
Umbrella Insolvency, based in Wilmslow, near Sale, provide Individual Voluntary Arrangements (IVA) for individuals struggling with debt. An IVA can help you take control of your money and move on with your life.
Q. Will my IVA be approved?
A. To be accepted, an IVA has to be agreed by more than 75% of creditors (by value) taking into account only those creditors who have decided to vote.
Umbrella follow the IVA Protocol, meaning that there is a high likelihood that your proposal will be accepted. With Umbrella’s experience, we will be able to advise you whether creditors are likely to accept your IVA after a FREE consultation over the phone. If we don’t think an IVA is right for you then we will help you secure alternative help.
Q. What are your fees?
A. IVAs can only be prepared by Licensed Insolvency Practitioner’s and subject to the agreement of all parties, Umbrella will deduct their professional fees from the payments that are made to your creditors.
IVA fees are made up of two charges. The nominee’s fee covers all work incurred by the Insolvency Practioner preparing the IVA proposal and negotiating with your creditors on your behalf. This is usually the sum equivalent of five monthly payments. Subject to a minimum charge of £1,000.
The second charge is the supervisor’s fee, which includes time spent on the ongoing management of an IVA and distributing the funds to creditors. It is calculated at 15 per cent of payments after the nominee’s fee have been paid. All charges are disclosed to you before the IVA begins and your creditors must approve those fees.
Q. Will an IVA have an effect on my credit rating?
A. An IVA will effect your credit rating for 6 years after approval. One of the requirements of an IVA is that you do not apply for new credit during the contract term.
Q. What happens if my circumstances change once my IVA has been approved?
A. If your circumstances change then payments may increase or decrease depending on how affordable they are. If you get an unexpected cash windfall of over £500 then this must be paid into the IVA for the benefit of your creditors.
Q. Are all my debts included?
A. An IVA covers unsecured debts like personal loans, credit cards and overdrafts. Many debts cannot be included under an IVA. These ‘priority debts’ include fines, student loans and child maintenance payments. Other debts that can’t be included are payments on your mortgage, secured loans and secured car finance. These debts still need to be repaid but they will be taken into account when judging the affordability of your IVA payments.
Q. Can an IVA help me avoid bankruptcy?
A. IVAs can help you avoid bankruptcy if you keep to the agreed terms. Failing to meet the terms can lead to bankruptcy proceedings being started against you.
Q. Will anyone be able to find out I have an IVA?
A. An IVA is recorded in a public register but there is no requirement to publish it in your local newspaper, unlike with bankruptcy.
Q. What happens at the end of my IVA?
A. If you comply with all of the IVA terms, Umbrella will issue a final report and a certificate of completion. The certificate can be sent to credit reference agencies who will then be able able to update their records accordingly.
Q. Where can I find out more about dealing with my creditors?
A. You can find out more about dealing with your creditors in a guide produced by the Insolvency Service: https://www.detini.gov.uk/sites/default/files/publications/deti/In-debt-….
You can also find alternative free debt advice organisations as recommended by the www.moneyadviceservice.org.uk.
For more information on what an IVA is see: https://www.moneyadviceservice.org.uk/en/articles/what-is-an-individual-…also R3, the insolvency trade body, have produced a publication “Is an IVA Right for me”
If you think an IVA could help you with your personal debts – please call Umbrella Insolvency for a no-obligation, confidential review on 0800 611 8888 or email us at email@example.com