Debt management plan (DMP)
If you've got money left over once you've paid your household costs we can set up a DMP completely free of charge.
This will help you to help you repay your UK debts. You can also include foreign debts on your DMP but the foreign company may charge an exchange rate if they have to convert the payment from Sterling.
You'll need to make your payment to us in Sterling.
If you've been living outside the UK for less than 3 years or your main centre of interest is the UK (this normally means if you run a business in the UK) you can still apply for bankruptcy.
You’ll need to come back to the UK to submit your application, but this would only be to have a hearing at court, so it wouldn’t take more than a day. It will cost you £705 to go bankrupt.
Debt relief order (DRO)
Similar to bankruptcy, as long as you've been living outside the UK for less than 3 years you can apply for a debt relief order (DRO).
You need to owe less than £15,000 and have very few assets to be eligible for a DRO.
A DRO will cost you £90, and although you don’t need to come back to the country to apply for it, you'll need to have someone in the UK pay the £90 for you as this has to be done at a Pay Zone outlet.
Token payment plan (TPP)
If you've got a reduced income but your situation is going to change we can help you make reduced payments through a token payment plan to your creditors until your situation improves. Just like a DMP you would need to make your payment to us in Sterling.