Clarity Insolvency Limited

Insolvency and debt advice in the UK

Clarity Insolvency Limited is a UK insolvency practice that presents itself as specialising in Individual Voluntary Arrangements (IVAs). Its work focuses on debt and insolvency advice, with a free, confidential initial conversation and an approach the company describes as free of technical jargon. The firm operates from its Wigan office and serves residents of England, Wales, Northern Ireland and Scotland, with solutions tailored to the client's location.

Debt solutions by client location

The company distinguishes between the solutions available in England, Wales and Northern Ireland and those specific to Scotland. For England, Wales and Northern Ireland it offers Individual Voluntary Arrangement (IVA), Debt Management Plan (DMP) and Bankruptcy. For residents in Scotland, the firm indicates Protected Trust Deed (PTD), Debt Arrangement Scheme (DAS) and Debt Management Plan (DMP). An advisor confirms which options are eligible in each case.

Individual Voluntary Arrangement (IVA)

It is described as a formal agreement to pay what the debtor can afford. According to the firm's information, it usually lasts between five and six years, involves a single, affordable monthly payment, can stop creditor action once approved and allows the remaining unsecured debt to be written off at the end. The company warns that it affects your credit rating for six years from approval and is recorded on the public Individual Insolvency Register.

Debt Relief Order (DRO)

It is designed for people with low income and assets. It provides legal protection from creditor action and debt enforcement, and clears included debts after twelve months. It has no application fee or ongoing monthly payments and is set up by an approved DRO advisor. The firm notes that it affects your credit rating for six years and is recorded on the public Individual Insolvency Register.

Bankruptcy

It is presented as a formal legal process to become insolvent. Most unsecured debts are cleared at the end and discharge usually occurs after twelve months. It may affect your home, savings and pension, and some careers and professions can be restricted. It affects your credit file for six years and is published on the Individual Insolvency Register and in The Gazette.

Debt Management Plan (DMP)

It is an informal arrangement to repay at a reduced rate. It allows you to pay an affordable amount, streamlines multiple debts into a single, easy-to-manage monthly payment and has no fixed end date. It is not legally binding, so creditors can still take action, and interest and charges may continue to apply. The firm indicates that it is likely to affect your credit rating.

Protected Trust Deed (PTD)

Available to residents in Scotland, it is described as a formal repayment plan that typically lasts four years. The remaining debt at the end of the PTD is written off, with one affordable monthly payment. It affects your credit file for six years and is published on the Individual Insolvency Register.

Debt Arrangement Scheme (DAS)

It is a Scottish initiative offering a structured repayment plan. It allows you to repay in full at an affordable rate, freezes interest and charges on debts included in the DAS and stops legal action from creditors bound by the arrangement. It will affect your credit rating and may impact access to credit. The DAS is registered on the public Debt Arrangement Scheme Register.

Advice process

The firm describes a three-step process. First, a free, confidential initial conversation with an advisor, with no pressure or obligation to proceed. Second, a review of the client's full situation and an explanation of the solutions they qualify for, with no jargon. Third, if the client decides to go ahead, the company handles the paperwork and deals with creditors on their behalf. In the contact channel, it states that it responds within one working day and that a licensed advisor gets in touch by email to understand the situation, in plain English and with no pressure.

Regulation and company details

Clarity Insolvency Limited is registered in England and Wales with company number 17179172. Anthony Fisher (IP no. 9506) is licensed and authorised to act as an Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association (IPA). The firm states that its Insolvency Practitioners are authorised by the IPA. On Trustpilot, the company shows a rating of 4.6 stars and states that it helps 3,500 people each month.

Costs and scope of advice

Initial advice is free and confidential. If the client chooses a formal solution, the firm explains the fees in full before setting it up. Most unsecured debts can be included; secured debts, such as court fines, child maintenance and student loans, are usually excluded. The company warns that solutions may not be suitable in all circumstances and that fees and disadvantages may apply, and that entering into an IVA will affect your credit rating.

Location and contact

Unity House, Westwood Park Drive, Wigan, WN3 4HE, England · Email: info@clarityinsolvency.co.uk · Hours: Monday to Friday, 9:00am – 5:30pm