Debt Management Plans

Debt Management consolidates debt into one low affordable payment.

A Debt Management Plan (DMP) allows you to deal with your unsecured debt by making repayments you can realistically afford once you have met your living expenses.

IVA Debt Solutions

Write off the debt you can't afford with a ClearDebt IVA.

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors whereby you repay what you can afford, usually over 60 months. After which, the outstanding debt is written off.


Bankruptcy is for individuals with debts that they cannot pay.

Bankruptcy has restrictions and is often the last resort. Bankruptcy is usually applied when no alternative debt solution can be offered to your creditors.

Debt Relief Order

Debt Relief Orders are a way to deal with your debts if you have little or no assets and debts under £15,000.

A Debt Relief Order is a formal insolvency process which lasts for a period of 12 months, at the end of which the debt owed will be written off.

Debt news & advice

  • 21 Apr

    Percentage of consumers falling further into debt rises dramatically

    Nearly two-thirds (66 per cent) of Britons rely on unsecured borrowing such as overdrafts, loans and credit cards, according to research conducted by price comparison site MoneySuperMarket.

  • 15 Apr

    Lifetime cost of bills close to £150k

    The recession pushed household bills - most notably food and energy - up, and many consumers struggled to make ends meet as unemployment rose and wages remained stagnant.

  • 14 Apr

    Households 'turn off heating' to cope with high energy costs

    More than half of households (54 per cent) have been forced to go without heating at certain times during the winter in a bid to cut energy bills. A further 24 per cent admitted they did so on a regular basis, suggesting that many are struggling to cope with the high prices of gas and electricity.


Find the most appropriate debt solution for you

There is a positive way forward, whatever your circumstances. Abacus can help you get back in control of your finances.

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