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Manchester Financial Firm Appoints New Insolvency Practitioner Amid COVID-19 Debt Hike

Manchester-based financial and lifestyle services provider MoneyPlus Group has appointed a new Insolvency Practitioner to its Insolvency arm amid growing concerns over the nation’s rising debt during the COVID-19 pandemic.

Kate Cutler, Insolvency Practitioner at MoneyPlus Insolvency, brings with her over 15 years’ experience within the industry.

In her current role, she is responsible for all personal insolvency appointments at MoneyPlus, ensuring both clients and creditors receive excellent customer service and support.

Cutler, who began her career at Debt Free Direct, worked her way across various departments and up to management level where she honed her experience in expert financial advice. She then sat her Joint Insolvency Examination Board (JIEB) exams, passing both personal and corporate exams in 2015.

Post certification, Cutler moved to Pinnacle Insolvency (formerly Knightsbridge), where she became an IP Delegate before graduating to a Licensed Insolvency Practitioner, which lead to her taking appointments in her own name in 2018.

Kate Cutler, Insolvency Practitioner at MoneyPlus Insolvency, says: “We’ve seen a real shift in the way people are using their money during the pandemic, and not only has borrowing risen substantially, but so have the rates on these loans, which could cause financial detriment further down the line.

“One of the biggest causes of stress for most people is money, and at MoneyPlus we have a genuine, personal approach, putting the customer at the heart of all our operations. We help clients find a solution that allows them to become debt-free in a realistic timeframe, based on their individual circumstances, and by offering a fair financial balance between clients and creditor requirements.

“Joining a well-respected company such as MoneyPlus Insolvency is another big step forward in my career, and I’m excited to continue to provide top quality financial advice and solutions to those who need it.”

Chris Davis, CEO of MoneyPlus Group, says: “Kate joins us at a pivotal point, as the recent COVID-19 pandemic has left thousands suffering financial hardship and unmanageable debt, and are in need of our services now more than ever. We look to not only help manage our customers’ debt but also save them money where possible, with expert advice and our market disruptive propositions, such as domestic energy supply.

“Kate brings with her a wealth of experience, and will ensure that our customers continue to receive the best possible insolvency advice.”

MoneyPlus Insolvency is part of a larger group of companies that form the MoneyPlus Group – a collective of financial lifestyle services designed to help people save money and live better.

The group supports over 40,000 customers across its Advice, Telecoms and Legal services, which are available to those living in England, Scotland and Wales.