The Debt Advisor expands range to introducer network

Award-winning debt advisory service, The Debt Advisor, has extended its range of corporate solutions available to its introducer network, in response to the sharp rise in corporate insolvencies.

The new range of services offers its growing introducer network a suite of products, to help companies avoid the pain of business failure – services that are especially important in the current economic climate. The products fall in to three distinct areas:

•    Rescue procedures including company administrations, CVAs and turnaround solutions
•    Liquidations including compulsory, creditors voluntary and members voluntary liquidations; and
•    Partnership solutions including interlocking IVAs, PVAs and partnership liquidations.

Bev Budsworth, managing director of The Debt Advisor explained: “The latest statistics from the Insolvency Service showed that there were over 3,500 compulsory liquidations and creditor’s voluntary liquidations which is an increase of 19.8% and 7.3% respectively, on the preceding quarter. More worryingly, there was a whopping 63% increase in other types of corporate insolvencies on the same period a year ago. It’s clear that, as the credit crunch continues to bite, more and more businesses will need these types of services.

“I have been dealing with these types of complex corporate work for over 20 years and currently offer these products directly. We have launched these products to our introducers in response to the turbulent financial climate and through listening to their needs and wants. These products will complement our existing range of personal debt solutions available to our introducers and, in return, allow them to offer a comprehensive range of debt solutions to their clients.

“Furthermore, introducers will benefit from peace of mind and security of referring their clients to an established insolvency practitioner – the only one who has been voted ‘Debt Counsellor of the Year’ in 2008 and shortlisted for ‘Insolvency Practitioner of the Year’ by Credit Today.

“We look forward to working with more introducers in the future and helping them service all their clients’ needs whilst benefitting from the enhanced referral fees we offer for corporate clients.”


Bev Budsworth, managing director of The Debt Advisor


Press contact:
Alex Henshall (01625) 506414 ahenshall@bellpottingernorth.co.uk

           
BEV BUDSWORTH:
Bev Budsworth is an insolvency practitioner with more than 20 years’ experience in dealing with debt issues. 

A regular media commentator, Bev has spoken on all aspects of debt and a wide-range of other issues including the credit crunch, repossessions, divorce, mortgages, mature debt and online gambling. She has been regularly quoted in The Guardian, Daily Telegraph, The Observer, Daily and Sunday Express and the Sunday Telegraph as well as women’s magazines including Woman and Red. In recent months she was interviewed live on BBC 1 ‘Breakfast’ and News 24. She has also been invited to offer advice for regional television news programmes and BBC local radio phone-ins.

In June 2000, she established The Debt Advisor, one of the first firms to offer comprehensive advice on all debt issues.  She had previously spent 17 years with an international firm of chartered accountants where she specialised in personal and business insolvency.

Her experience of dealing with personal debt issues led, in 2005, to her being asked to join a government-led working party to look at ways of simplifying the formal procedures of helping people out of debt.

Since then, she has further shaped the debt industry and led the way in calling for a professional personal debt/insolvency study course to be set up for all people involved in debt advice to individuals. 

As a busy mother of three teenage children, she understands the pressures that families face.  She believes that with a positive outlook there is always a sensible way to deal with financial difficulties and turn lives around.

Bev recently launched a campaign to bring about a greater understanding of debt and its links to depression giving debtors in the UK access to a two-pronged approach to relieve the misery caused by debt.  Teaming up with a psychologist, she is the first in the UK to offer debt advice and personal counselling under one roof.  The campaign is geared to help those who are seriously struggling with the wider effects including depression, relationship breakdown, poor work performance and associated health problems.

In May 2008, Bev’s hard work was finally recognised by the industry when she was awarded the prestigious title of national ‘Debt Counsellor of the Year’ by Credit Today. The award, which seeks to recognise top performers in the credit industry, was presented to Bev for her overwhelming achievements in the sector. She won the award despite heavyweight competition and it being her first nomination - she was highly praised by the judges.