Alternative Debt Solutions
Bankruptcy is an option for people who have no or very little money to pay back their debts. Anyone who owes money and can't pay it back can petition for Bankruptcy. For more information please contact The Money Advice Service.
Debt Relief Order
You can apply for a Debt Relief Order if you can't afford to pay back your debts. It's granted by the Insolvency Service and is a cheaper option than bankruptcy. However, a DRO has very stringent criteria and is only available in certain circumstances. For more information please contact The Money Advice Service.