Sometimes the weight of personal debt can be overpowering and the situation feels hopeless. There are legal options available to individuals who want to break the cycle of debt and get their finances back on track.
By consulting MaC Insolvency as early as possible, we may be able to offer a solution that avoids bankruptcy and saves the family home.
We can negotiate, informally, a payment arrangement with your creditors. This may give you breathing space to settle repayments over time, in one lump sum or by consolidating debts.
An agreement to repay your creditors over time that is legally binding.
A legally binding agreement to repay creditors that must be passed by a formal resolution of creditors.
Bankruptcy is a serious event with consequences. Only enter bankruptcy if you’ve consulted a bankruptcy expert and are sure it’s the right thing for you. We can help you assess whether bankruptcy is your best alternative.