Professional and approachable, the team at Burton Sweet Corporate Recovery has years of experience in the provision of personal finance services, including debt consolidation and personal debt plans. With skill and precision, we’ll work to provide a welcome resolution to financial matters.
An increasing number of people find themselves in financial difficulty. Usually, this is caused by circumstances outside their control, through no fault of their own. Whether you have incurred personal debts through business activities, or are struggling with credit cards, store cards, and personal loans, we’re here to help.
Our initial advice is free and without obligation. Together, we will sit down and discuss your needs before establishing a plan to help you tackle your problems. The idea is to provide you with sympathetic, expert support – and to offer the most appropriately tailored solution to your specific requirements. Put simply, our team is driven to help you put debt-related problems behind you.
A variety of options are available depending on your circumstances and requirements. The most commonly used include:
An individual voluntary agreement is a legally binding agreement between you and your creditors, under which your creditors accept a sum – usually substantially reduced – in full settlement of your debts.
This is where an individual is released from their obligation to pay their debts, but their assets are taken under the control of a trustee, whose function it is to sell them and use the proceeds to pay off creditors.
A debt management plan is a scheme whereby debts are rescheduled and a modest, regular payment is made instead of the (typically larger) minimum payments required by creditors. Debt management plans are not usually legally binding, which means that creditors may change their minds. Additionally, they are often administered by unregulated organisations – with little recourse if things go wrong.
In recent years, there has been a growth of debt charities and not-for-profit organisations which offer free advice. Many of these provide sound, impartial advice – indeed, we work with a number of debt charities. However, many rely on banks and other lenders for their funding. We have encountered many examples wherein the advice provided is, to say the least, questionable. As a professional insolvency practice, Burton Sweet Corporate Recovery is subject to statutory regulation through a professional body which monitors our activities and thoroughly investigates complaints.