AFA Insolvency

AFA Insolvency, specialists in personal insolvency in the UK

AFA Insolvency Ltd presents itself as a specialist in personal insolvency and claims to help people resolve debts they cannot afford by paying their creditors only what they can afford over a fixed period. The firm operates from Manchester and focuses on advising on and processing debt solutions for individuals.

Debt solutions offered

The entity's website lists several courses of action for people with unsecured debts:

• IVA (Individual Voluntary Arrangement): an individual voluntary arrangement that, according to the company, grants legal protection from creditors and allows a single, fixed monthly payment over a set term.
• Debt management: a service for administering and negotiating payments with creditors.
• Debt Relief Order: an option considered for certain debtor profiles.
• Bankruptcy: advice on this legal alternative.

The firm states that it studies each client's situation to design a practical, affordable and achievable solution, and that it tailors the financial plan to the unsecured debt with the aim of helping the person regain control and reduce associated stress.

Three-step working process

AFA Insolvency describes its support method in three phases. In the initial consultation, the client's current circumstances are analysed to assess which option fits best. Then all the necessary information is provided so that the person can make an informed decision on the most suitable solution. If an IVA is appropriate, the company starts the process on the client's behalf.

Client profile and approach

The entity targets people whose finances have been overwhelmed by unsecured debts. It acknowledges that many clients feel ashamed of their situation and maintains that personal circumstances are often the cause rather than a lack of responsibility. Its team presents itself as understanding and non-judgmental, and offers explanations about the different debt relief options. The company claims to have processed more than 5,000 approved IVAs.

Frequently asked questions and legal protection

The site includes a frequently asked questions section that addresses common queries about IVAs. Among the advantages it highlights is the legal protection from creditors that this arrangement grants. The firm also refers users to Money Helper, a free and impartial financial advice service set up by the UK Government for people in debt.

Corporate data and regulation

AFA Insolvency Limited is a limited company registered in England and Wales with company number 12508763. Racheal Marsh is licensed to act as an Insolvency Practitioner in the UK by the Institute of Chartered Accountants in England & Wales, with licence number 7220. The company is based at Universal Square, Manchester, M12 6JH.

Location and contact

Universal Square, Manchester, M12 6JH