In one area that covers Grimsby and Hull there are currently fifteen debt advisors, however, new contracts from the Money and Pensions Service (MaPS) will see more money being spent to provide aide over the phone and online, replacing face-to-face services – when this comes into effect, this will go down to four.
The strategy is set to cut face-to-face advice by between 50-60%, however advisers have claimed that decision could leave some people at risk of not receiving the help they require when they need it most.
The MaPS claims that these new contracts will, conflictingly, provide help to a larger quantity of people – this will mean more funding will be spent on a lesser number of larger regional and national centres, leaving local, on the ground services with less monetary support.
A campaign group opposing these changes by the MaPS, the largest funder of free debt advice in England, are set to meet at the start of November to voice their concerns to a number of MP’s.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Charlotte Hutchinson on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Our initial meetings are free and without obligation. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements.