Depending on the level of your debt, there are a number of options, or ‘debt remedies’ available to you. These range from an Administration Order (AO) for debts of £5,000 or below, to more familiar remedies like bankruptcy.

The National Debtline provides a rundown of 10 different ways that it may be possible to clear your debt, including full explanations of the advantages and disadvantages of each. Take a look at their website here.

If you would like further BBA advice on debt, then do take a look at our Dealing with Debt publication here, which goes into further details of the options available to those struggling with debt.

Please register or login to add this to your interests.