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Home > Insolvency

What is insolvency?


Insolvency is the inability of an individual or business to pay off debts when they fall due. You are insolvent if you owe debts and have no way of paying them off. Insolvency is sometimes confused with bankruptcy as the two are similar, with the exception being that bankruptcy is a legal process and insolvency describes financial problems that have occurred. Insolvency sometimes leads to bankruptcy but you do not have to declare yourself bankrupt unless you have explored all possible options without any success.

It is best to deal with insolvency before it gets to the stage of bankruptcy. Seeking professional insolvency help is the best thing to do in this situation and could prevent further stress and loss.

Can Debt Release Direct offer Insolvency Help?


If you are insolvent you should seek insolvency help to find out what options are available to you. It is best to do this as soon as possible before bankruptcy could become an issue. Debt Release Direct can offer insolvency advice that could prevent you from having to declare yourself bankrupt. There are a number of ways that we can help you regain control of your finances by offering insolvency help and a number of solutions.

Insolvency Advice


By calling one of our friendly debt advisors, we can discuss your current financial situations and offer the best possible insolvency advice for you. Even if you think there is no hope, it’s worth giving us a call for free so that we can explore all possible routes and hopefully find a solution that will work for you. Every situation is different which is why we are here, to use our knowledge and expertise to get you back on track.

What should I do next?


Give us a call! Debt Release Direct are intent on offering the best possible debt and insolvency advice. It’s free to call and we will give you no obligation advice that’s right for you and your individual circumstances. With over 10 years of experience, we understand the stresses and strains of being in debt which is why we do our utmost to help relieve you of your money worries.

Our friendly, professional advisors are waiting to hear from you. Call us FREE on 0800 019 7465 or alternatively fill in our online contact form and we’ll call you back.