Monthly Archives: August 2015

Bankruptcy and Credit Card Debt

credit card debt bankruptcy

If you’re drowning in credit card debt, you need to take action before your creditors get there first. Bankruptcy Clinic can help by explaining the debt solutions that are available to you, so you can make an informed decision about what to do. Depending on your circumstances, these solutions could include an informal Debt Management… Read more »

What Happens If You Declare Bankruptcy Twice ?

bankruptcy twice

If you’ve been bankrupt in the past, probably the last thing you’ll want is to go there again. But even if you’ve made a real effort to improve how you manage your finances, things can still sometimes go wrong. You certainly won’t be alone if you find yourself declaring bankruptcy again, as even well-known celebrities… Read more »

Debt Relief Orders And Your Credit Rating

dro credit rating

A Debt Relief Order or DRO can be a great way of dealing with your debts if you meet the strict eligibility criteria. These include owing no more than £15,000 in unsecured debts (£20,000 from October 2015), having a maximum disposable income of £50 a month and now owning any assets worth more than £300,… Read more »

Women Overtake Men In Insolvency Rates

women insolvency increase

New data released by the Insolvency Service shows that, for the first time since records began, more women than men are now filing for personal insolvency. The figures, which cover statistics in England and Wales in 2014, reveal that 22.2 women in every 10,000 became insolvent last year, compared to 21.2 per 10,000 for men…. Read more »