- Administrative Orders for Debts below £5,000: We assist clients in obtaining administrative orders, which are court orders that allow individuals to repay their debts through manageable monthly instalments. This option is suitable for debts below £5,000 and provides an affordable and structured approach to debt repayment. 

- Full/Final Settlement Offering: Our team helps negotiate with creditors to reach a favourable settlement where the debtor can offer a lump sum payment in exchange for the creditor accepting a reduced amount. This option can provide significant relief, allowing individuals to resolve their debts more efficiently and at a reduced cost. 

- Debt Relief Orders for Debts below £20,000: For those facing financial difficulties with debts below £20,000, we can guide you through the process of obtaining a debt relief order (DRO). A DRO enables debtors to freeze their debts for a period of one year, during which no legal action can be taken against them. After one year, the debts are typically written off, providing individuals with a fresh start.

- Writing Off a Debt:   In certain cases where circumstances, such as illness, lack of employment, or other significant factors, prevent you from ever repaying a debt realistically, we can explore options for writing off the debt. Our skilled legal team will assess your situation and make appropriate representations to lenders, aiming to alleviate the burden of an unmanageable debt. 

- Individual Voluntary Arrangement (IVA): An IVA is a legal agreement between a debtor and their creditors, allowing the debtor to repay their debts over an extended period of time, usually five years. During this period, creditors are prevented from taking legal action, and the debtor makes affordable monthly payments based on their income and expenditure.

At VLS Solicitors, we understand the stress and emotional toll that personal debt can take.

Our dedicated team of professionals is here to guide you through the debt management process, offering practical solutions and expertise to help you achieve financial stability and peace of mind.