Norman Cowan, licensed insolvency practitioner from Stevenage based Wilder Coe is looking to assist individuals and families who feel their debt has got out of control and could lead to serious financial difficulty.

Commenting on the Tory campaign Norman said: “There is certainly some truth in David Cameron’s comments this week that credit cards and loans are not a solution to debt, but in fact a cause. The more we spend on credit the more difficulty we can get into with increasing interest payments.

“I would therefore like to invite people to visit Wilder Coe, for a free consultation, to discuss their options if their debt has got out of control. Taking action does not necessarily mean becoming bankrupt. An alternative to filing for bankruptcy is to apply for an Individual Voluntary Arrangement. While IVA’s can be more complex to apply for, they do hold much less of a stigma than bankruptcy and are a favourable option in the long term. If you own assets, IVAs allow you the breathing space to pay back your debts, which many people feel is a more honourable route, as well as saving the house.”

If you feel you need advice regarding bankruptcy, always contact a professional licensed insolvency practitioner who is a member of one of the main bodies of accountants or lawyers. Avoid unlicensed insolvency advisers who profess to be qualified to give insolvency advice.

For more information please contact Wilder Coe on 01438 847200