Latest Articles, News & Views on Debt Consolidation

Grave Concerns For New Bankruptcy Law

Every consumer should be concerned with the new bankruptcy law!

Before Bankruptcy... What You Should Know

Contrary to opinion, very few cases need end in bankruptcy.

Welcome to Consolidation Debt Services -

A word from our Sponsor….

Firstly, let me put our cards on the table.

Unlike other Debt Advisory services manned by fresh faced eager young hopefuls all just busting a gut to get you to take out your next debt consolidation loan, we are a little different here at Consolidation Debt. Firstly we have been through the process from both sides. From the outside advising and (more importantly and much much more painfully) from the inside both from a Bankruptcy and IVA point of view.

Now I know the terms differ on either sides of the Atlantic but the process is largely the same it’s just the terminology that is different.

To be brutally honest the process is a long and painful one and you should be aware of that from the outset. Depending on whom you talk to, the majority of IVA’s never see completion due to eagerness, enthusiasm and naivety having the living daylights hammered out of them when the going gets tough months down the line and you are struggling to make the payments. That having been said, it can be done and I have done it personally though I had an extremely forgiving and understanding Insolvency Supervisor to assist me when it got really hard.

Please don’t think that this is some attempt to discourage the faint hearted rather an attempt to ensure that all those who are party to this process enter into it with all eyes wide open and know the score.

As I have mentioned elsewhere, know when to stop digging! When you are in a hole – know how deep the hole is, don’t kid yourself, fool the world if need be but not yourself. When you realise you are in that hole – stop digging, continuing to repeat the same mistake over and over again only compounds the initial screw up. People will give you a fools pardon to start with but not if you keep on screwing up the same way over and over again.

Site Theme Structure

Consolidation Debt Services is being developed thematically so that the visitor can find themes or clusters of information at close proximity to each other. Those themes centre around Consolidation Debt, Debt Consolidation, Bankruptcy, Individual Voluntary Arrangements (IVA's), Secured Loans, Unsecured Loans, Creditors Voluntary Arrangements, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy.