Liquidation
The procedure whereby the assets of a company (or partnership) are gathered in and realized, the liabilities met and surplus, if any, distributed to creditors.

Individual voluntary arrangement (IVA)
An IVA is a procedure whereby a person who owes money comes to an arrangement with the creditors as to how their debt(s) will be repaid.

Unsecured loans
Unsecured loans are finance, which is not secured against any asset or equity. Although unsecured loans would not at first sight appear to be a risk on your assets, they in fact are in so much as any debt can be recovered through court proceedings.

Re-mortgages
Re-mortgage is taking out a new mortgage to repay the old one, while shifting your debt from one lender to another.

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