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ClearDebt Analyser
The ClearDebt Analyser is a unique free tool which shows you your best way out of debt - whether an IVA, debt management, debt consolidation or bankruptcy. Immediate results on screen help you say goodbye to debt worries for good!
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Debt Repayment Calculator
Easy to use Debt Repayment Calculator illustrates how you can clear your debt and become debt free.
Our debt calculator illustrates the effect of a change in APR on your debts over time.
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| Case studies are all genuine individual cases. For confidentiality no real names or photographs are used. |
 R3 IVA standard terms and conditions |  |
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Bankruptcy Advice - Bankruptcy Order
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Bankruptcy AdviceYou can apply to annul (cancel) a bankruptcy order in certain circumstances. An annulment is a procedure dealt that can only be dealt with by the court and can be made at any time the court sees fit.
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An annulment may be made if:
a) It can be proved that the bankruptcy order should not have been made in the first place.
b) Your creditors agree to the terms of an Individual Voluntary Arrangement whereby you pay back some or all of your debts over an agreed period of time.
c) The court is satisfied that all of your bankruptcy debts, which must include all fees and expenses incurred during the bankruptcy proceedings, are paid in full, or are guaranteed to be paid.
If a bankruptcy order is successfully annulled you will return to your pre-bankruptcy position. However, any disposal of assets that has been dealt with by the Official Receiver or trustee will still be valid and will not be reversed. Any other assets that had, until this point, been included as an asset of your bankruptcy, will be returned.
Remember that any debts that you were liable for prior to the bankruptcy order being made will still stand if they were not dealt with during the bankruptcy period. If you do not pay these debts as they fall due, your creditors may still take proceedings against you that may result in a further bankruptcy order being made.
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| Links to related ClearDebt articles: Bankruptcy Advice - Disadvantages Bankruptcy Bankrupcy Advice - Going bankrupt? Bankruptcy Advice - My pension? Bankruptcy Advice - other assets Bankruptcy Advice - Restrictions Bankruptcy Advice - What about my home? Bankrutpcy Advice - Advantages? Bankruptcy avoided, 75% debt write-off, but after a struggle IVA prevented business failure |
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- ClearDebt is the only IVA company to offer full online IVA applications
- Five simple sections to complete a full IVA application
- No time consuming filling debt forms by hand
- Login when it suits you and complete at your own pace
- Personal, private, confidential and secure
- You stay in control
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