NTF Financial Solutions Insolvency Review

Finding yourself in debt is a difficult time, and it can be hard to know where to turn.

Debt affects many people every day, although fortunately there are companies who can help, by providing debt solutions and support – even if you owe multiple creditors, or are facing bailiff action.

If you’re concerned about your debts, then look no further. This NTF Financial Solutions review will help you understand your debts, and the solutions available to you.

Specifically, we will examine the service provided by NTF Insolvency, and consider the solutions they have to offer.

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NTF Financial Solutions Insolvency are one of the leading debt solution companies in the UK and have helped thousands of people just like you.

Read on to discover how a personalised plan with NTF Insolvency can help you on the road to a debt-free future.

Debt Help Company

NTF Financial Solutions understand that being in debt can be a stressful time for you and your family.

This is why they pride themselves on providing a high quality service, where their team treat clients with empathy and respect.

In addition to helping people with their debts, they have also helped people achieve freedom from the stress and worry debt can bring.

Debt can arise in many forms. Here are just some of the common ways people find themselves in debt:

All the information that NTF Insolvency has to offer are tailored to your own financial situation, regardless of the kind of debt you are in, and how many creditors you may owe money to.

Personal Debt Solutions

NTF Insolvency listen to you, and thoroughly explain the personal debt solutions they have to offer, and advise on the best solution for you – they make sure that you are fully informed before making a decision.

They then tailor your solution to your circumstances and support you through the process. So, what is the best solution? Will it be an IVA or a Debt Management Plan?

Below are the personal debt solutions that NTF Financial Solutions Limited have to offer.

Individual Voluntary Arrangements (IVAs)

An Insolvency Practitioner reviews your finances and determines how much you can reasonably afford to repay your debts each month.

This forms a legally-binding agreement with your creditor(s) and generally lasts for five years. Any remaining debt is written off at the end of the agreement.

Check out the list of the best UK Individual Voluntary Arrangements companies.

Debt Management Plan (DMP)

Debt management plans are a great way to get your debt under control through financial planning and budgeting.

The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it completely.

A DMP is an informal agreement between you and your creditors for paying back your non-priority debts to consolidate debts into one affordable monthly repayment plan.

You pay back the debt by one set monthly payment, which is divided between your creditors.

Most DMPs are managed by a DMP provider who deals with your creditors for you.

Check out the list of the best UK Debt Management Plan companies.

Debt Relief Orders

If you only have a small amount of debt and very few assets, then a Debt Relief Order freezes your repayments and interest charges for 12 months. This allows your circumstances to change without your debts increasing.

If your circumstances have not changed at the end of the 12 months, then your debt is written off.

Check out the list of the best UK Debt Relief Order companies.

Bankruptcy

If you owe more than £5000 to one creditor, you or your creditor can apply for a court order and declare bankruptcy.

This means that your assets are sold to contribute towards paying off your debts. Any remaining debt is paid off through your income for up to 3 years.

The team at NTF Financial Solutions Insolvency can plan and assist you with IVAs and bankruptcy, however, they can only advise on Debt Relief Orders. 

If after discussing your situation you decide that a Debt Relief Order or Debt Management Plan is best for you, NTF will refer you to an approved specialist company.

Check out the list of the best UK Bankruptcy companies.

Business Debt Solutions

Below are the personal debt solutions that NTF Financial Solutions Limited have to offer.

Company Voluntary Arrangement (CVA)

A Company Voluntary Arrangement is applicable where Directors believe that their company has a viable business that can return to profitability.

A Company can use a CVA to pay an amount to creditors over a period of time and at the end of the CVA, any balance outstanding to creditors is written off.

Creditors are required to agree to a CVA but should they agree the Company will be able to continue trading.

Check out the list of the best UK Company Voluntary Arrangement companies.

Company Administration

A Company Administration is applicable when your company is under pressure from creditors and you are worried that you could be taken to Court.

Consulting with an IP about Company Administration could provide you with protection from such legal actions.

The Company Administration is a process for gaining control quickly and can provide an essential breathing space from creditor actions to allow directors time to act in the best interest of the company and the creditors as a whole.

Company Liquidation Services

A Company Liquidation Service can be used to bring an orderly end to a company’s existence, whether the company is solvent or insolvent.

Depending on the situation, different liquidation solutions may be appropriate.

Viable core businesses can still be rescued/restarted via a new company (phoenix).

This is a legal minefield and expert professional guidance is essential for directors to be able to mitigate the risks of personal liabilities and legal offences.

Creditors Voluntary Liquidation (CVL)

A Creditors Voluntary Liquidation is the insolvency process used to bring the activities of a company to a conclusion.

The CVLs is used by many business owners and entrepreneurs as a way to close a situation cost-effectively.

The terminal process of shutting down the business is very common and can be used as part of business rescue and turnaround strategy.

Check out the list of the best UK Creditors Voluntary Liquidation companies.

Compulsory Liquidation

NTF Corporate Solutions can assist the directors to put the company into compulsory liquidation.

Or NTF can be appointed as a liquidator by the creditors to sell assets and pay dividends to creditors.

NTF insolvency practice can help directors get winding up petitions adjourned, get validation orders, negotiate time to pay agreements, propose CVA’s, petition for an administration or do a CVL instead.

Members Voluntary Liquidation (MVL)

A members voluntary liquidation is a way of closing a company and ensuring that the final distribution of its assets (if more than £25,000) is taxed as a capital receipt and hence subject to capital gains tax.

It also gives more certainty of closure for the directors and shareholders than dissolution, where the company could be restored for a period of up to 20 years.

Winding up petition

NTF Corporate Solutions can deal with a winding-up petition immediately as a winding-up petition will result in the compulsory liquidation of the company and the sale of its assets.

Prompt professional business debt advice is essential to ensure an optimal outcome.

NTF Financial Solutions Insolvency can assist the directors to defend, adjourn or get a winding-up petition dismissed.

NTF Financial Solutions Insolvency Overview

With 50 years of experience, no debt is too big or too small for the team at NTF Financial Solutions Insolvency to assist with.

Over this length of time, NTF Insolvency has grown from strength to strength with a highly dedicated team that have perfected their solution ideas and advice.

With so much experience, they have helped people with a wide range of financial issues, and understand that no two situations are the same, with debt arising in many different ways.

Did You Know You Can Write Off Up To 85% Of Your Debts?

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This is why they personalise their advice to you, as an individual.

NTF pride itself on providing a high-quality service, where they have helped many people on their journey to a debt-free future.

Insolvency Practitioners

NTF have the following Insolvency Practitioners:

Nick Morgan

Nick Morgan is a UK Insolvency Practitioner helping individuals or businesses consolidate debts they are struggling to pay.

James says “Make sure the insolvency practitioner is licensed by one of the recognised professional bodies. This should be clearly visible on the IP’s website. It is important to avoid unregulated advisors so, when searching for your IP, always look for mentions of the JIEB qualifications and regulators, such as the ICAEW” and also “Some people are simply business advisors who are there to pass you on to an IP, looking for a quick fee” so it is always better to speak directly to a qualified Insolvency Practitioner.

  • Nick Morgan IP number is 9078
  • [email protected]
  • NTF Financial Solutions, Suite 4 Aus-Bore House, 19-25 Manchester Road, Wilmslow SK9 1BQ

James Kaye

James Kaye is a UK Insolvency Practitioner helping businesses struggling to repay debts.

James has said previously “Consulting an Insolvency Practitioner, commonly known as an IP, can be a far more positive and valuable experience than any business owner would imagine” and also “It’s better to look for an insolvency practitioner directly and then get the advice straight from the source”.

  • James Kaye IP Number is 9373
  • [email protected]
  • NTF Financial Solutions, Suite 4 Aus-Bore House, 19-25 Manchester Road, Wilmslow SK9 1BQ

NTF Corporate Solutions

NTF Corporate Solutions is part of NTF Financial Solutions Limited.

Based in Wilmslow, NTF Corporate Solutions have been providing advice and assistance to any UK business needing debt help.

The debt advice and assistance can be to all business owners including:

  • Sole traders
  • Partnerships
  • Limited companies
  • PLC
  • Limited liability partnership
  • Franchise

NTF Corporate Solutions have assisted directors and business owners in order to save businesses and job vacancies.

If the business is in debt they cannot afford to repay they can guide them through the processes to bring the businesses to an end, whilst maximising the return to creditors, employees and even the business owners themselves.

Contact Details

It is easy to get in touch with a member of the NTF Financial Solutions Insolvency team. Choose one of the below to speak to an expert today:

  • Phone: 01625 540744 (09:00 – 18:00)
  • Email: [email protected]
  • Address: Suite 4, Aus Bore House, 19-25 Manchester Road, Wilmslow, Cheshire, SK9 1BQ.

  • Request a callback from the team or fill in a ‘contact us’ form by accessing their website: www.ntffs.co.uk/
  • Facebook: @Ntffinancial
  • Data Protection Number: Z1753960
  • NTF are licensed to provide insolvency information in England and Wales by the Institute of Chartered Accountants.
  • Company Registration number: 06619172.

Final Thoughts About NTF Financial Solutions Insolvency

Are you looking for freedom from debt? Or considering an IVA to help with your finances?  Then NTF could be a step in the right direction.

With half a century of experience behind them, they have a wealth of experience in providing tailor made IVA and bankruptcy advice.

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NTF Financial Solutions pride themselves on treating their clients with empathy, respect and confidentiality. A company with great information not only to help you with your finances, but to also ease the stress and pressure you face.

They have helped thousands of people in England and Wales become debt free, and perhaps you could be one them. Why not fill in their ‘contact us’ form today for a no-obligation chat to see how they can help?

All UK Insolvency Practitioners

Here is a full list of Insolvency Practitioners in the UK:

Debt Help

Speak to the debt advisor to check what debt solutions you have to help you consolidate debts into a single affordable monthly repayment.

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