EuroDebt Partners With Insolvency Specialists To Give Brokers Complete Debt Solutions

February 2009

EuroDebt Partners with Philip Gill & Co.

In the midst of the economic downturn, leading debt management provider, EuroDebt Financial Services, has partnered with Philip Gill & Co, specialist Business Recovery and Insolvency Service providers, to deliver an integrated IVA, Scottish Trust Deed and Bankruptcy Assistance service. This is designed to help brokers dealing with consumers and small businesses, typically self-employed individuals, facing financial difficulties.

The formal partnership between the two organisations follows a year of EuroDebt and Philip Gill & Co collaborating on a number of debt management projects. In particular, Melanie Giles, director and licensed Insolvency Practitioner from Philip Gill & Co supported EuroDebt as it took its Introducer Scheme around the country at regional workshops to introduce alternative debt solutions to brokers and IFAs.

Working at the sharp end of the debt industry, Melanie Giles is constantly reviewing the development and implementation of solutions for individuals, families and small businesses - with the main aim of turning around lives which have become burdened by unaffordable debt. This is an approach which echo's EuroDebt's own philosophy and commitment to delivering highly personal service to its clients.

The partnership will see EuroDebt integrate IVA support, Scottish Trust Deeds and Bankruptcy Assistance into its core services, with access to specialist Insolvency Practitioners in each legal jurisdiction in the UK. EuroDebt will, therefore, be able to offer specialist and local presence in England, Wales, Northern Ireland and Scotland to support clients through difficult times.

"This new reciprocal partnership comes at a time when many families and individuals are facing huge financial and personal challenges, with further job losses anticipated across the country and in most sectors", confirmed Melanie Giles. "Working with EuroDebt last year, we were impressed by the company's philosophy and approach; particularly the fact that every client has a face-to-face meeting with an advisor before making any commitment to a debt management plan. EuroDebt's investment in technology is also crucial to our partnership, ensuring accurate and efficient exchange of information between our two organisations for the best possible client experience."

"We are delighted to announce this formal partnership, following a period of working closely together with Melanie Giles throughout 2008" confirmed Kevin Still, Director, EuroDebt Financial Services. "We felt it was important to add the facility to help clients with IVAs and selected Philip Gill & Co because of its clear understanding of the consumer debt issues, combined with the fact it has very low attrition rates on its IVAs and is compliant with the IVA Protocol launched in February 2008.

"In addition, the company's high acceptance rates at creditor meetings and a very personalised approach, compliments our ethics and ideals at EuroDebt Financial Services and we see it as a perfect partnership which reflects the issues and needs of the current environment".

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