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22nd September 2009
For some people, who have been hit particularly hard by the credit crunch, bankruptcy seems to the only way to go. If it's got to the stage where there is no possibility of repaying your debts, then it may be the only viable option.
You need to gather ... Read >
Author: michael challiner17th September 2009
Insolvency is generally that stage where the person or a company is not able to pay its debt or is unable to fulfil its financial commitments. But the term insolvency should not to be mingled with the term bankruptcy as the latter one indulges in more leg... Read >
Author: JessicaThomson16th 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 challiner15th September 2009
To overcome the multiple debts, the Individual Voluntary Advice or IVA is one of the best ways to deal with. In the United Kingdom, IVA is an official or legal alternative for individuals who want to skip from bankruptcy. This legal advice is determined a... Read >
Author: aarendervin15th September 2009
After many years service at a big corporate I was used to driving a brand new company vehicle every two years. Handing back the keys presented me with a real challenge but only until I discovered that I should buy a repossessed car.
My last company car... Read >
Author: Jessica Hannah10th September 2009
Many people experiencing financial problems find themselves in a hole that they struggle to climb out of. People in these situations might consider filing bankruptcy. They need to be aware that bankruptcy is an extreme measure that should not be taken lig... Read >
Author: Robert Palmer07th September 2009
Debt relief orders have been created by the British government as another option for low income debtors to resolve their financial woes. While the process is simple, inexpensive and quick, there are some repercussions that can occur from choosing to file ... Read >
Author: Robert Palmer28th August 2009
Individual Voluntary Agreement or in short IVA is a financial alternative for people who want to avoid extreme situations like bankruptcy. IVA was established by British Government Insolvency Act 1986. This agreement is legal binding and paves the way for... Read >
Author: aarendervin23rd August 2009
There are many solutions available in the UK for people struggling with debt. One such option is an Individual Voluntary Arrangement (IVA) and recent figures suggest that IVAs are now more commonplace than bankruptcies in the UK.
What is an IVA?
KI... Read >
Author: Robert Palmer18th August 2009
Bankruptcy can be a traumatic and distressing experience. The stigma that people feel when declaring themselves bankrupt can have a profound effect on their lives although the process of declaring bankruptcy can be much less difficult and stressful than ... Read >
Author: Robert Palmer07th August 2009
Bankruptcy can be a traumatic and distressing experience. The stigma that people feel when declaring themselves bankrupt can have a profound effect on their lives although the process of declaring bankruptcy can be much less difficult and stressful than ... Read >
Author: Moe Nawaz31st July 2009
Residents of the United Kingdom have another debt help option available to them if they fall into a low income demographic. Debt relief orders were designed with the purpose of making it easier and much cheaper for this group to find debt resolution. The... Read >
Author: Robert Palmer18th June 2009
Bankruptcy is a lengthy insolvency procedure; you should always seek information about alternatives and ensure that these options have been fully explored.
If you are looking to discover how to declare bankruptcy, it is essential that you get bankruptc... Read >
Author: oneadvice01st June 2009
There are circumstances that are becoming all too more common in which there is no alternative other that declaring oneself bankrupt. It is certainly not something to be taken lightly and should only be contemplated when all other ways of dealing with deb... Read >
Author: Robert Palmer01st June 2009
Have you recently lost your job?
Do you have debts that you are unable to repay?
Do you owe in total less then £15,000, including bank overdrafts, loans, credit cards etc?
Do you have less than £300 in total assets?
After taking off all your... Read >
Author: Robert Palmer29th May 2009
A new form of debt management scheme has recently been introduced. This is the introduction of Debt Relief Orders (DROs) which became official in early April 2009. Until then the two options available for those in debt were IVAs and bankruptcy.
The n... Read >
Author: Robert Palmer15th May 2009
A financial crisis refers to a situation where credit is largely unavailable and large amounts of debt accumulate over a period of time and there is difficulty in repaying them. This is usually characterized by a stock market crash and falling share price... Read >
Author: Robert Palmer08th May 2009
In most countries around the world, bankruptcy is either voluntary or involuntary. A debtor can file a petition with the official receiver, otherwise known as the insolvency and trustee service. Along this petition, the debtor must also submit a copy of t... Read >
Author: Peter Gitundu17th April 2009
There are a number of different ways in which you can handle debt or let us say that there are various bankruptcy alternatives. You can always contact your creditors and try to find an agreeable payment option that satisfies both the parties. For instance... Read >
Author: Kaylee Hayden30th September 2008
What is bankruptcy?
Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings
It can free you from overwhelming debts so you can make a fresh start, subject to some
restrictions and make sure your assets are shared out fa... Read >
Author: SEO Positive11th June 2008
Bankruptcy is an option that has to be considered when an individual cannot repay their debts. It is one way of dealing with your debts but it is the one way that you should save till last. What is meant by this is that if you are faced with the prospect ... Read >
Author: Helen11th May 2008
At first glance, bankruptcy may appear to be an easy way out of debt problems, but is it the only answer? What is the real cost of bankruptcy? Before considering bankruptcy, there are a multitude of factors that must be considered, many of which are bes... Read >
Author: Karl Guevara16th January 2008
What is Bankruptcy?
Bankruptcy is one of the more effective ways to deal with debts you cannot afford to pay. Once you declare that you are bankrupt, all assests in your possession will be used to pay your outstanding debts. After a period of one year,... Read >
Author: Steven Hayes20th August 2007
Liquidation is when a full company or just a part of a company is closed down and the assets of the company as well as the property get reorganized. Liquidation might also mean dissolution, but sometimes dissolution means that it is the last stage of liqu... Read >
Author: Clark Amerson15th June 2007
Let’s look at some common questions concerning the facts about bankruptcy in London.
1) What is bankruptcy?
Bankruptcy is a method of dealing with overdue debts. It allows you to start over, but with
several stipulations. Anyone can file bankrup... Read >
Author: Victor Smithston12th 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 Rohan
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