Debt Write-Off Calculator

Find out how much debt you could write off in 60 seconds. No personal details required.

Your Debt Information

Total Unsecured Debt £15,000
£1,000 £100,000+
Monthly Disposable Income £150
£0 £1,000+

Your Estimated Write-Off

£8,200
55% of debt written off
Total Debt £15,000
You Would Repay (IVA) £6,800
Monthly Payment £150
Duration 5 years
Amount Written Off £8,200
✓

Individual Voluntary Arrangement (IVA)

You qualify! Write off 55% of debt with legal protection.

ELIGIBLE
✓

Debt Management Plan (DMP)

Always eligible. Flexible payments but no write-off.

ELIGIBLE
✓

Bankruptcy

Eligible if debt exceeds £5,000. Most debt written off but severe consequences.

ELIGIBLE
✗

Debt Relief Order (DRO)

Not eligible. Your debt/income exceeds DRO limits.

NOT ELIGIBLE

Important: This calculator provides estimates only. Your actual outcome depends on individual circumstances. Insolvency Practitioner fees are included in the calculations. For accurate advice tailored to your situation, book a free assessment with a qualified advisor.

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How This Calculator Works

How is the write-off calculated?

For an IVA, we calculate your total repayment as your monthly disposable income multiplied by 60 months (5 years). The difference between your total debt and what you repay is your estimated write-off. This assumes a standard 5-year IVA with no property equity release.

What counts as disposable income?

Disposable income is what's left after essential living costs: rent/mortgage, council tax, utilities, food, transport, and other necessities. Use the amount you could realistically pay toward debts each month.

What counts as unsecured debt?

Unsecured debts include credit cards, personal loans, overdrafts, store cards, payday loans, and catalogue debts. Do NOT include mortgages, secured loans, hire purchase (if keeping the item), student loans, or child maintenance.

Solution Eligibility Criteria

  • IVA: Typically requires £6,000+ debt, 2+ creditors, and £80+ monthly disposable income
  • DMP: No minimum requirements — always an option for any debt level
  • Bankruptcy: Usually for debts over £5,000, costs £680 to apply
  • DRO: For debts under £30,000, disposable income under £75/month, assets under £2,000

Privacy Notice: This calculator runs entirely in your browser. We do not collect, store, or transmit any data you enter. Your information remains completely private.

Learn more: IVA Complete Guide | DMP Guide | Bankruptcy Guide | Debt Terms Glossary