Fiscal Conservatives

The First Steps – Getting Advice If you think that you may be insolvent and feel that your finances are getting on top of you why not go about getting advice. Questions I must ask myself: can I pay my debts as they fall due? Do my liabilities exceed my assets? Are my debts increasing? Where can I get help and debt? Will advice cost the earth? What options do I have and who can explain them to me in a way I can understand and trust? Can I sell my property to clear my debts? Am I in negative equity? Will I opt for Bankruptcy or an Individual Voluntary Arrangement or is there a solution that better suits my circumstances such as Debt Consolidation or even the possibility of getting financial help from my family. To get the answers, I need to: source advice by talking to CAB, the CCCS and one or more firms offering insolvency services; establish whether I am insolvent or not; make sure that I don’t commit to paying for what is supposed to be free advice until I know what I’m going to do; make sure I understand all my options and see what the insolvency firms suggest is my best option. If an IVA seems to be my best option, what do I do next?