Business Details
Your Trusted Debt Relief Partner in Leeds
Re 10 Bankruptcy Advisory Service has established itself as a leading provider of debt relief solutions across the UK. With over 120 years of combined experience in debt management, our team specialises in administering Individual Voluntary Arrangements (IVAs) and providing tailored advice to individuals in England, Wales, and Northern Ireland. We prioritise free, unbiased guidance, ensuring clients understand all available options before proceeding. Our licensed insolvency practitioners, regulated by the Insolvency Practitioners Association, have helped thousands achieve financial stability through debt write-offs of up to 85% in qualifying cases.We maintain partnerships with government-backed initiatives like the Money Advice Service while operating independently to deliver client-focused solutions. Our four-step process simplifies debt resolution, offering structured payment plans and expert support throughout the journey to financial freedom. Transparency remains central to our approach, with clear eligibility criteria and no hidden fees. By focusing on sustainable outcomes, we empower clients to regain control of their finances and reduce stress associated with unmanageable debt.
Services
Individual Voluntary Arrangement
Debt Management Plans
Bankruptcy Advice
Debt Relief Orders
Consolidation Loans
Creditor Negotiations
IVA Administration
Financial Assessment
Debt Write-Off Plans
Payment Restructuring
Highlights and features
- We have over 120 years combined experience in debt solutions
- Our team provides free, unbiased advice through regulated processes
- We specialise in Individual Voluntary Arrangements approved by creditors
- We are officially ranked among the UK's top debt relief companies
- Our licensed insolvency practitioners follow strict regulatory standards
Associations and certifications
- Insolvency Practitioners Association (IPA)
What people say
Excellent service
Friendly and efficient
Stress has gone
Highly recommended
Affordable monthly payments
Services
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between debtors and creditors to repay a portion of unsecured debts over five years. Our licensed insolvency practitioners negotiate reduced payments while freezing interest charges. This solution suits individuals with 7,000+ unsecured debt seeking to write off up to 85% of their liabilities through structured repayments approved by creditors.
Debt Management Plan
A Debt Management Plan (DMP) consolidates multiple debts into a single monthly payment tailored to your financial capacity. We negotiate with creditors to reduce payment amounts while maintaining account status. This informal arrangement suits those needing temporary relief without legal insolvency proceedings, though it doesn't guarantee debt write-offs like IVAs.
Debt Relief Order
A Debt Relief Order (DRO) provides debt write-offs for individuals with minimal disposable income and assets. We assess eligibility for this 12-month moratorium on debts under 30,000, during which creditors cannot pursue payments. If financial circumstances remain unchanged, qualifying debts get automatically discharged, offering a fresh start for those with severe financial hardship.
Bankruptcy Advice
Our bankruptcy guidance covers the implications of entering sequestration through the courts. We explain the asset liquidation process, income contribution requirements, and long-term credit impacts. While bankruptcy clears debts within 12 months, we compare alternatives like IVAs to determine the most appropriate solution based on your property ownership, income stability, and employment considerations.
Consolidation Loans
Debt consolidation combines multiple high-interest debts into a single loan with reduced monthly payments. We evaluate secured and unsecured loan options to lower interest costs while simplifying repayment schedules. This solution works best for borrowers with good credit scores seeking to manage debts through structured financing rather than formal insolvency arrangements.
People
Andrew Bowers
Insolvency Practitioner
Andrew Bowers is a licensed insolvency practitioner authorised by the Insolvency Practitioners Association. With extensive experience in corporate and personal insolvency, he specialises in administering IVAs and guiding clients through complex debt solutions while maintaining regulatory compliance.
Questions
What is an Individual Voluntary Arrangement?
An IVA is a legally binding debt solution allowing you to repay a portion of unsecured debts over five years through reduced monthly payments, with remaining balances written off upon completion.
How much debt can I write off?
Qualifying IVAs may write off up to 85% of unsecured debts, depending on your income, essential living costs, and creditor approval. Over 10% of our clients achieved this maximum write-off in the past year.
Can I get debt help while employed?
Yes. We assess your income and expenses to create affordable repayment plans that accommodate employment-related financial commitments while addressing unsecured debt obligations.
Will an IVA affect my credit rating?
An IVA impacts credit ratings for six years, but resolving debts prevents ongoing defaults from multiple creditors. We provide guidance on rebuilding credit after completing debt solutions.
How long does the process take?
The four-stage process typically takes 4-8 weeks to complete, from initial assessment through creditor negotiations to formal approval of your debt repayment proposal.
Are your services free?
Our debt advice is free and impartial. We receive fees from creditors once IVAs are approved, ensuring accessible support without upfront costs for individuals seeking debt relief.
