Posts By: Andy Gorton

About Andy Gorton

Andy Gorton is the author and editor of the Bankruptcy Clinic

Find more about me on:

Here are my most recent posts

CCJs Jump By More Than 20%

county court judgements

The number of County Court Judgements (CCJs) made in the first quarter of 2015 has increased by more than 20% on the same period in 2014. A total of 209,629 CCJs were made in English and Welsh courts between January and March 2015. However, the average value of a CCJ has been falling for the… Read more »

Seaside Towns More Vulnerable To Bankruptcy

seaside town and bankruptcy

Bankruptcy and personal insolvency levels may be falling in general, but for some parts of the UK, it’s a different story. Seaside towns have always been more economically vulnerable than inland areas for a number of reasons and, as a result, were hit harder by the recent recession.   However, whilst most parts of the… Read more »

Life Events That Can Impact Your IVA

job loss

If you’ve entered into an Individual Voluntary Arrangement (IVA) to clear your debts, a major life change or event can have a significant impact on your ability to make your monthly payments. This article from bankruptcy advice gurus, Bankruptcy Clinic, explains what might happen if you experience a life change during your IVA. Losing your… Read more »

Changes To Online Bankruptcy Petitions

petition bankruptcy changes

The Insolvency Service has announced that the rules surrounding online bankruptcy petitions will be changing. In the future, if you decide to petition your own bankruptcy online, you won’t need your petition to be signed off by a licensed Insolvency Practitioner (IP), which is the case at present. ‘The idea is to make the process… Read more »

Why Do We Make Bad Financial Decisions?

financial decisions

There are all kinds of reasons why we make bad decisions about spending and borrowing money, from peer pressure right through to sheer recklessness. This article from debt gurus Bankruptcy Clinic sheds light on some of the more common reasons why people might find themselves in a financial mess – unwittingly or otherwise.   Supporting… Read more »

Tips For Avoiding Bankruptcy

how to avoid bankruptcy

If you’re in a situation where you have little or no income or assets, bankruptcy can actually be a good way of dealing with your debts. In most cases, you’ll be discharged just 12 months after declaring bankruptcy, after which most or all of your debts will be written off. However, for some people, bankruptcy… Read more »

The Role Of The Official Receiver

role of official receiver

If you decide that declaring bankruptcy is the right way to manage your debts, the Official Receiver will soon become an important part of your life – even if you never deal with them directly. This article from bankruptcy experts, Bankruptcy Clinic, explains who the Official Receiver is and what their duties will be once… Read more »

Soar In Demand For Debt Advice

money advice soars

New figures released by the Money Advice Service have revealed that consumer demand for advice on dealing with debt soared to an all-time high last year. The service, which was set up by the Government but is run independently, provided more than 250,000 free debt advice sessions to British consumers in the 2014/15 financial year…. Read more »

10 Year Low For Personal Insolvencies

personal insolvency

The number of people declared insolvent in England and Wales has fallen to its lowest level since 2005. Between January and March 2015, there were 20,826 personal insolvencies – the third quarterly fall in a row and a drop of almost 19% on 2014 figures for the same three months.   The Insolvency Service statistics… Read more »

Bankruptcy and Inheritance: The Facts

bankruptcy and inheritance

No one likes to consider the possibility of a friend or loved one dying. But if you’re in financial difficulties and in line to receive an inheritance, the resulting money or assets could be a big help. But what happens if you’ve already taken steps to manage your debts and are in the process of… Read more »