With the failing economy, people losing their jobs as well as their life savings and spending beyond their means it seems near impossible to Avoid Bankruptcy these days! You read the news and watch TV and foreclosures and bankruptcy are not as rare as they were in the past. But how to avoid bankruptcy is a question on a lot of peoples minds because the implications of bankruptcy are life changing. Clear Debt is a website that provides help to hundreds of thousands of these people in England & Wales who are deeply in debt. Some people don’t even realize the seriousness of their situation, while others think there is nothing they can do about it. Many are frightened about losing their home and livelihood. Clear Debt's website is full of resources to help you understand your situation, cut your household expenses and make a plan that will successfully get you out of debt, without going bankrupt. Although they do provide bankruptcy advice, they offer a debt management program that takes the heavy burden of failing finances off of your shoulders.
Imagine a life free of debt and financial worry. That would be nice, wouldn't it? Through a debt management plan called an IVA or Individual Voluntary Arrangement, Clear Debt will make arrangements with your creditors for a consolidated monthly payment plan. With the help of a licensed insolvency practitioner, you work out what you can realistically afford to pay back over a period of time - often 3-5 years. Sounds good, doesn't it? Check out their website for more information on this plan. It definitely is a better solution then bankruptcy and will have you back on solid financial ground sooner than your think!