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A DMP can assist those who have the intention of repaying their debts but they are not able to meet
the contractual repayments, but can afford to pay an agreed sum to their creditors.
Some of the reasons why a DMP can be an attractive solution to many:
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An endeavour to pay back creditors without the process of official insolvency
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Insolvency can cause significant problems for any assets you may have and to those who are in selected professions.
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A DMP can be a flexible solution, and repayments can be adjusted if required to suit any change in circumstances
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When an Individual enters and IVA or Bankruptcy, their name will appear on the Insolvency register.
We advise you to have a full consultation from a Debt Solutions Professional, whereby all possible solutions are considered.
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