Posts By: Andy Gorton

About Andy Gorton

Andy Gorton is the author and editor of the Bankruptcy Clinic

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Here are my most recent posts

High Debt Amounts – How To Control Overspending

When it comes to money, people often have different spending habits but ultimately at some point in their life end up overspending. Unless you are in the minority and have bags full of cash in reserve, the regular joe’s of this world will undoubtedly have at some point spent more than they can realistically afford…. Read more »

Bankruptcy Restriction Orders

When it occurs, the bankruptcy is tremendously changing your way of life and functioning of your financial affairs. In this way, we have to make a distinction between the restrictions which are self-imposed and others which you cannot influence directly. First of all, your conduct in the financial area or the series of events lead… Read more »

Difference Between Insolvency And Bankruptcy

Insolvency and bankruptcy are not the same thing, although they have been confused very often. In addition, many people used them as synonyms, which is also wrong. It would not be a pleasant thing to experience the difference in your own case, would it? However, it would be definitely a useful thing to know something… Read more »

Going Bankrupt For The Second Time

Oops, looks like you have done it again. If you are already asking yourself what to do now, we have to say that the answer is surprisingly simple: pretty much the same, more or less, what you did the first time you were bankrupt. Moreover, if you do not take this the wrong way, you… Read more »

How To Go Bankrupt From Abroad

You can run, but you cannot hide. You should not be surprised at all. Nowadays, everything is gone global. Why should a bankruptcy be an exception from this rule? If your choice to live and work abroad is your way of dealing or better to say avoiding bankruptcy, then you could not be possibly more… Read more »

Bankruptcy and PPI Claims

Both bankruptcy and banking start with the letter b. And both, can have very unpleasant consequences for your head after a punch, including financial ones as well. The loss of orientation while you are in the financial knockdown can be one of the worst for you to experience during bankruptcy. You need to remain calm… Read more »

Choosing an Insolvency Practitioner

Choosing an insolvency practitioner (IP) capable of offering an outstanding service is critical, whether you’re looking to arrange an IVA or file for bankruptcy. Unfortunately, in recent years there’s been something of a boom in business for IPs and, in some cases, as the quantity of their work has increased, the quality has come down…. Read more »

What Are The Effects Of Bankruptcy

Why do you write about the effects of bankruptcy? Everyone knows all there is to be known about it. You lose your money and you can even lose your house. Bankruptcy effects are all about finances, nothing more. Oh dear, you could not possibly be more wrong about it. If you can recognize your own… Read more »

What Happens To My Bank Accounts During Bankruptcy

What is going to happen to my bank accounts during bankruptcy? Would I be able to open a new bank account while being bankrupt? How long it will take me open a new bank account after the discharge of bankruptcy? These are some of the most common questions related to the bankruptcy and bank accounts…. Read more »

Bankruptcy And Its Effect On Your Pension

The most powerful financial tsunami that could possibly affect your life stretches its influence deeply through the number of elements of great importance for your normal functioning. When bankruptcy occurs you are immediately confronted with various difficult questions: What will happen to my house? How am I supposed to pay for all things I need… Read more »