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Alternatives to bankruptcy and the different types of agreements you can make with your creditors.

• Overview

  If you owe people money (your ‘creditors’) you can make arrangements to…

• Breathing Space (Debt Respite Scheme)

  If you live in England or Wales, you can get temporary protection from…

• Debt Management Plans

  A Debt Management Plan is an agreement between you and your creditors to…

• Administration orders

  An administration order is a way to deal with debt if you have a county…

• Individual Voluntary Arrangements

  An Individual Voluntary Arrangement (IVA) is an agreement with your…

• Debt Relief Orders

  Debt Relief Orders (DROs) are one way to deal with your debts if you: owe…

The role of the Government Debt Management Function (GDMF), the Government Debt Strategy, the Debt Functional Standard, and the the Debt Centre of Excellence

• Updated: 11 March 2024

How to prioritise and reduce your debts, and where to get free debt advice

• Updated: 21 December 2017

Guidance for insolvency practitioners to help their clients restructure their company’s finances using a debt restructuring scheme or plan.

• Updated: 1 November 2023

The DMO carries out the government’s debt management policy of minimising financing costs over the long term, taking account of risk. We minimise the cost of offsetting the government’s net cash flows over time, while operating in a risk appetite...

• Updated: 15 April 2021

Find out what help you can get to help you manage your debts.

Debts you owe (for example court fines, rent or Council Tax) can be deducted from your benefits – sometimes called third party deductions or Fuel Direct

Use this service if you need to repay debt to the Department for Work and Pensions (DWP).

GDMF works with HM Treasury and the Civil Service .

• Updated: 2 May 2024

This review draws mainly from studies that focus on debt reduction episodes, fiscal adjustment and its impact on the economy

• Updated: 15 August 2019