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Tools
Analyser Tool from ClearDebt

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!

DebtCalc Tool

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.


Case studies

Become debt free

ClearDebt helps people beat debt and become debt free. Read about our recent cases below where we have helped clear debt.

IVA prevented business failure
Bankruptcy avoided, 75% debt write-off, but after a struggle
IVA slashed monthly payments to £300 - from more than £2,000

Case studies are all genuine individual cases. For confidentiality no real names or photographs are used.


Facts and Figures
Money Debt£26,707 average debt
average income from analyser£1,360 per month average net income
male debtor icon58% male
female debtor debt icon42% female
Birthday cakeAverage age 32

Debt statistics from ClearDebt generated from live user data from people who have completed our Debt Analyser.


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R3 IVA standard terms and conditions

Bankruptcy Advice - My pension?

Bankruptcy Advice

You cannot lose your State pension. But, what will happen to any other pensions you have if you are made bankrupt will depend on a number of things.

  • Whether you are a member of an occupational pension scheme or whether you have a personal pension.
  • Any scheme rules about what happens to the pension in the event of bankruptcy
  • The date at which your pension became or would become payable to you.


Whatever your situation, you must provide the Official Receiver with all the information that relates to your pension to allow them to consider whether they have an interest in this or not.

You should seek professional independent debt advice about the impact of bankruptcy on any pension that you or your spouse has an interest in.

Further information can be found in the leaflet “What will happen to my pension?” which is available from your nearest Official Receiver’s office or online at:
www.insolvency.gov.uk

Links to related ClearDebt articles:

Bankruptcy Advice - Disadvantages

Bankruptcy

Bankruptcy Advice - Bankruptcy Order

Bankrupcy Advice - Going bankrupt?

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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news

Latest news about UK debt

'Affordability likely to worsen for borrowers'
(5 Feb 07) A leading economist has warned that affordability levels for borrowers and homeowners are likely to deteriorate ... more >>
Finance education 'failing young people'
(4 Feb 07) A leading member of the Liberal Democrats has called the level of financial education in the ... more >>
More than 100,000 chose insolvency in 2006
(4 Feb 07) Official figures show that the number of people who went insolvent last year is likely to ... more >>
Desperate borrowers 'feel obliged' to repay debts
(3 Feb 07) Most borrowers genuinely feel guilty about not being able to pay off all their debts despite ... more >>
Sub-standard affordability checks 'deeply irresponsible'
(3 Feb 07) Checks on people applying for unsecured credit have been described by uSwitch as "woefully inadequate". ... more >>

FAQs

IVA FAQs

IVA Advice: What exactly is an IVA?
IVA Advice: How long will the IVA last?
IVA Advice: Can creditors change their minds if the IVA has been agreed?
IVA Advice: How much will the IVA monthly payments be?
IVA Advice: When is the best time to do an IVA?
IVA Advice: I am self-employed. Can I do an IVA and continue trading?

glossary
Tired of debt jargon? Search our glossary of debt terms:

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