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16th September 2009
If you have serious debt problems you may be considering bankruptcy. It is important to understand what bankruptcy is and whether it is the right option for you.
What is bankruptcy? Bankruptcy is a temporary legal status. When bankrupt, your non-essent... Read >
Author: michael challiner30th August 2009
Here we offer some tips and advice which would help you minimising, if not completely eliminating credit card debts.
• Don’t strive to keep up with the Joneses – Material possessions are an important part of life but they should be acquired only... Read >
Author: Paul Liddy28th August 2009
Kiran Mistry a leading Insolvency Practitioner said he welcomes the new Debt Relief Orders which have now been introduced by the government to assist people that are facing debts.
Debt Relief Orders (DROs) were introduced by the Government in their 200... Read >
Author: Robert Palmer18th August 2009
If a company is struggling to pay its debt, it may be at risk of becoming insolvent and going into liquidation. One method of avoiding liquidation is Company Voluntary Arrangement (CVA). A CVA can be used to formally reschedule the company's debts allowin... Read >
Author: Derek Cooper08th August 2009
It's the time where every one is in the rat's race. There is no time to be spare for any other aspect rather than work and earning livelihood. You will see that you are stuck in a cut throat competition where even you don't realize where actually you are ... Read >
Author: JessicaThomson08th August 2009
There are very few companies all over the world who have not been insolvent at one point of time or another. However, in many such cases the insolvency may last only for few days, or months and even years. It may not necessarily mean the end of the compan... Read >
Author: JessicaThomson27th July 2009
It is clear that increasing numbers of businesses are struggling under the current economic conditions. The insolvency service statistics published on the 1st May 2009 showed the number of companies going into liquidation in the first three months of 2009... Read >
Author: Derek Cooper10th July 2009
A number of solutions are available that can help you in the repayment of your debts.
Debt Consolidation – Debt consolidation basically means taking all your debts (credit cards, overdrafts etc.) and consolidating them into one low interest loan. In... Read >
Author: Paul Liddy12th June 2009
The various problems that you can face if you have unpaid debts are –
1. It affects your credit report and thus your credit rating.
2. An impaired credit report can show you in unfavourable light and reduce your chances of getting a credit card, a lo... Read >
Author: Paul Liddy11th June 2009
I have come across many examples of small business owners or directors who use personal borrowing to supplement their business cash flow. This practise may not strictly be the right way to finance a business but certainly it has for a number of years, be... Read >
Author: Derek Cooper11th June 2009
The first quarter of 2009 saw difficult trading conditions for many businesses across the UK. The official Insolvency Service figures showed that in the first quarter of 2009, the number of companies being put into liquidation in England and Wales increas... Read >
Author: Derek Cooper05th June 2009
Whilst attention has focused on high-profile corporate bankruptcies like that of Lehman Brothers, new figures revealed by the Insolvency Service show many individuals are going bankrupt - and more and more are women.
In the last 6 years bankruptcies a... Read >
Author: michael challiner02nd June 2009
Here we provide some tips to manage your debt right now while it is easily manageable rather than delaying the inevitable.
• Watch Your Credit Cards – Always keep a tab on the spending on your credit cards. They are a great innovation and let you enj... Read >
Author: Paul Liddy29th May 2009
Recent weeks have brought confirmation that both unemployment and insolvency in the UK have continued to rise. The Office for National Statistics revealed that 2.22 million were out of work in the first quarter of the year, while the Insolvency Service fo... Read >
Author: Graeme Knights18th May 2009
According to the latest Insolvency Service figures for England and Wales published on 1st May 09, nearly 5000 companies went into liquidation in the first quarter of 2009. This figure is over 50% higher than the same quarter of 2008. Clearly the global re... Read >
Author: Derek Cooper07th May 2009
Which route for your company? Have things gone so far that liquidation seems the only option. The turnaround finance industry begs, in most cases, to differ. With a panel of experts acting as business angels, the best option is to have an injection of bus... Read >
Author: bturner23rd April 2009
Debt collection agencies will often threaten people that owe money with prosecution for fraud. Unfortunately it is just one of the tactics that they use to frighten people into paying money that they can't afford.
Debt Fraud Prosecution - How Likely Is... Read >
Author: Neil Robertson16th April 2009
Any business is started with the aim to make profit from its commercial activities but sometimes a business house fails to meet its monetary commitments due to the mishandling of financial means and lands into deep problems. All the commercial activities ... Read >
Author: JessicaThomson01st February 2009
Bankruptcy is the debt resolution of last-resort in the UK, and still carries with it a stigma. It is also the debt solution that has the most devastating affect on your ability to get credit or a mortgage in the future. It is difficult to separate fact f... Read >
Author: Neil Robertson31st January 2009
If you are considering going bankrupt, then you are obviously in a very serious debt situation. Bankruptcy may not be the best solution for you, so it is very important to consider the alternatives and get qualified debt advice.
What are the Consequenc... Read >
Author: Neil Robertson01st December 2008
If you have too many debts to deal with and are finding it extremely difficult to pay back debts, you can seek professional help. Seeking help from a team of financial experts can help one deal with the situation well. Insolvency service help and advice c... Read >
Author: Sadhana19th February 2008
In today’s world, bankruptcy mortgages are not uncommon. According to figures from the government’s Insolvency Service, in quarter three of 2007, there were 26,072 individual insolvencies in England and Wales. This was made up of 15,833 bankruptcies a... Read >
Author: John Sern15th May 2007
An insolvency service is when a professional advisor assists you
through a difficult financial time. This type of professional advisor makes
sure that each client is ready to face the future financially and
confidently. When working with a professio... Read >
Author: Earl Carlson15th May 2007
A type of insolvency service is known as administration. A company is
considered to have gone into administration when an insolvency
practitioner is appointed to look over that company. This is a very common type
of insolvency practice. The administ... Read >
Author: Earl Carlson15th May 2007
An insolvency practitioner is also known as an administrator. An
insolvency practitioner is a professional advisor who works for a firm such
as Wilson Field located in the United Kingdom. Wilson Field is a firm
that is dedicated to helping individua... Read >
Author: Earl Carlson15th November 2006
UK becoming a 'nation of bankrupts'
4th August, 2006
Figures from the government are expected to show a record number of people declared themselves bankrupt this spring.
Financial services group KPMG predicts the number of people who went into inso... Read >
Author: Paul Mccann07th November 2006
OK perhaps a slightly OTT title and introduction but the core message put out recently by the UK Governments Insolvency Service was that a record number of people in the Uk were made officially “insolvent” between July and September 2006.
The Gover... Read >
Author: Stephen Morgan12th October 2006
Definition of bankruptcy:
Bankruptcy is one method of getting out of debt. It is a court order that transfers
responsibility for dealing with creditors to the Official Receiver, who
also takes control of the debtor’s money and assets and distribute... Read >
Author: Benedict Rohan21st August 2006
New figures have been released showing that in 2005, 67,800 people were declared bankrupt. In the second quarter of 2006 alone, around 26,000 people became insolvent in England and Wales, a rise of 66% on last year. The way it's going, it looks like the n... Read >
Author: michael challiner13th August 2006
UK becoming a 'nation of bankrupts'
Figures from the government are expected to show a record number of people declared themselves bankrupt this spring.
Financial services group KPMG predicts the number of people who went into insolvency in England an... Read >
Author: jane conlen19th July 2006
Tan franchise wound-up for misleading franchisees.
Two companies who misled members of the public with false statements about their tanning and cleaning franchises have been wound up following an investigation by the Companies Investigation Branch (CI... Read >
Author: Joel Bissitt
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