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In this paper, a system wide scheme is proposed to arrest voltage instability. This scheme consists of two stabilizing and securing parts. For post-contingency situations, where there are no equilibrium solutions, first, the stabilizing scheme finds the closest solvable operating point, and then passes this point to the securing scheme. The securing scheme brings the solvable, but insecure operating point, back to a secure and stable one. Also, a voltage stability indicator is proposed to monitor the available margin to the collapse point. The proposed stabilizing and securing model are solved using the sequential quadratic programming technique.