What Happens on a SIP 3.1 Call

A SIP 3.1 call is a confidential, no‑obligation conversation designed to help you understand your financial position and explore your options. It follows the Statement of Insolvency Practice 3.1, which sets clear standards for how insolvency advice must be given — transparently, fairly, and in your best interests.


Below is what you can expect, step by step

A Calm, Confidential Conversation

The call is conducted by a qualified insolvency professional. It’s private, judgment‑free, and focused entirely on you.


  • You’re under no obligation to proceed with any solution
  • There is no pressure or sales talk
  • You can ask questions at any point


The goal is clarity, not commitment.

Understanding Your Current Situation

We’ll ask some straightforward questions to build a clear picture of your finances, including:


  • Your income and household circumstances
  • Your regular living costs
  • The types of debts you have (credit cards, loans, overdrafts, etc.)
  • Any assets you own, such as a car or property


You don’t need perfect figures — honest estimates are absolutely fine.

Explaining All Available Options

Once we understand your situation, we’ll explain all realistic options available to you, which may include:


  • Informal repayment arrangements
  • Formal debt solutions
  • Non‑insolvency alternatives
  • Doing nothing for now (yes, sometimes that is the right choice)


Each option is explained in plain English, covering:


  • How it works
  • How long it lasts
  • The pros and cons
  • The impact on your credit file, assets, and employment


If an option isn’t suitable, we’ll tell you why.

Clear, Balanced Advice — Not a Sales Pitch

SIP 3.1 rules require us to give balanced, impartial advice. That means:


  • No solution is pushed or promoted
  • Fees and costs are explained clearly
  • Risks and downsides are discussed openly


Our responsibility is to help you make an informed decision, not to decide for you.