Home > International > DebtHelp UK - New Labour Praises The UK Insolvency Helpline

DebtHelp UK - New Labour Praises The UK Insolvency Helpline

Added: (Sat Jun 09 2001)

Pressbox (Press Release) - Since the recent election the government's first step at battling the maze of debt in this country was to praise the work of The UK Insolvency Helpline.

0800 074 6918 - UK FREEPHONE

The UK Insolvency Helpline was established in the spring of 1997 with the remit to look at meeting a long-standing need for debt and credit advice . Its creation followed a recommendation of the a national group of insolvency lawyers and Accountants which had been examining the effects of huge influx of unregulated debt cousellors and debt management companies that had began trading in the last decade

The conclusion was reached that nationwide network of regulated professionals should be the chosen representives to deal with the public's growing need for debt advice and representation. Working alongside a growing number of lawyers and accountants representing the Recognised Professional Bodies (RPBs) who regulate the Insolvency Practitioners (IPs) and Lawyers, it is winning its plight against the growing number of profit making organisations whom advertisements appear in the press and telivision.

The UK Insolvency Helpline is now the largest professional network of lawyers and accountants specialising in money advise in the UK. The UK Insolvency Helpline exists to promote the provision independent money advice from the UK's regulated professional bodies. The UK Insolvency Helpline works with its professional network to raise standards in professional money advice for the benefit of customers in financial hardship.

Whilst both accountants and lawyers are authorised to take insolvency appointments, in practice The UK Insolvency Helpline's office holders are predominantly accountants, with the lawyers acting largely as their advisers. The work relationship between lawyers and accountants in insolvency has a largely symbiotic component in The UK Insolvency Helpline. They both need each other and respect each others roles. The leaders of the accoutants and lawyers meet frequently.

The staff at The UK Insolvency Helpline have been helping people achieve their financial goals since 1997. The organisation was launched with the objective of meeting a long-standing need for a debt and credit advice designed for people who were frustrated with their debt situation and looking for a simple way to get out of debt quickly, as well as lower their monthly payments without having to qualify for a consolidation loan.

The lack of widespread funding has created an atmosphere of insecurity throughout the money advice sector, which has prevented strategic planning and the development of services. Advice centres are doing a good job but are under severe pressure. In the national climate of rising debt there is a desperate need to secure the resources from severe pressure. The quality of money advice provided by the agencies covered by the credit industry is generally high. However this standard of performance is a fragile achievement, often delivered by agencies which depend on a volunteer workforce in which funding is limited and insecure.

The UK Insolvency Helpline is totally independent and funded by via donations and subscriptions from a nationwide network of professional practices in the United Kingdom. It does not advertise its services, which is very pleasing as this sets its image apart from those organisations who advertisements appear in thenational press and telivision.

The UK Insolvency Helpline is the UK’s only personal and business debt consultancy offering free advice to consumers on financial problems. The dedicated aim of the service is to provide clients with a caring, professional hands on approach to financial problems with the ability to identify and resolve problems at an early stage.

The UK Insolvency Helpline’s recovery team have extensive commercial experience in business and personal insolvency procedures and undergo regular professional training and updates, ensuring that the highest standards of practice are maintained at all times.

Submitted by:
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.