When you can't afford to pay back your debts at the time they're due, it's known as Insolvency.

If you are insolvent, then there are several debt solutions available. These are legally binding, so they give you protection from your creditors and write off some or all of your debts.

In most cases insolvency solutions are only suitable if your debts add up to more than the value of the assets you own. However, each insolvency solution is different and has its own qualifying criteria. You can find out more about some of these here:

Insolvency in England, Wales and Northern Ireland

To get yourself assessed for free, without obligation; an assessment that's tailored to your unique circumstances - use this link

Insolvency in Scotland