Posts By: Andy Gorton

About Andy Gorton

Andy Gorton is the author and editor of the Bankruptcy Clinic
http://www.bankruptcyclinic.co.uk

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Here are my most recent posts

Quarter Of UK Credit Card Holders Having Payment Problems

A survey commissioned by the Debt Advisory Centre in November 2014 has found that almost 25% of credit card holders in the UK are finding it hard to make the minimum payments on their cards, or to pay anything at all. Carried out by OnePoll, the research involved 2,000 UK adults, including 636 Scottish residents…. Read more »

Festive Food Costs To Cause Debt Misery?

A debt advice charity has revealed that forking out for festive food could push a fifth of British consumers into the red this Christmas. In a recent survey, the Money Advice Trust (MAT) found that 21% of people polled were planning to use credit to fund their seasonal food shop, or had already done so…. Read more »

Insolvency And PPI Claims

If you’ve been mis-sold Payment Protection Insurance (PPI) with a loan or other form of credit in the past, then you’re entitled to claim it back. However, if you’re currently subject to a form of personal insolvency, things become a little more complicated. This article from debt advice experts Bankruptcy Clinic gives an overview of… Read more »

Government Predicts Rise In Household Debt

New figures published by the Office for Budget Responsibility (OBR) predict that levels of household debt in the UK are set to soar above pre-recession levels. Released alongside the Chancellor’s Autumn Statement, the OBR’s report estimates that over the next five years, the ratio of household debts will increase to 184% of incomes – 15%… Read more »

Can’t Afford Bankruptcy Fees? Help May Be At Hand

Whilst bankruptcy might be the best way of dealing with your debts in certain circumstances, there’s no getting away from the fact that there are upfront costs involved. At the moment, the cost of declaring bankruptcy for an individual is £705, consisting of £180 in court fees and a £525 payment to the Official Receiver…. Read more »

What Action Can Creditors Take To Recover Debts?

If you can no longer afford to repay your debts, you can expect your creditors to take legal action against you to recover what you owe. This article from debt advice firm, Bankruptcy Clinic, gives an overview of some of the actions that creditors might take, depending on the circumstances involved. County Court Judgement (CCJ)… Read more »

Life After Bankruptcy – What To Expect

So you’ve decided that bankruptcy is the right way to deal with your money problems and the wheels of the bankruptcy process are in motion. But what can you expect to happen after your Bankruptcy Order has been made and, later on down the line, when you’ve been discharged? This article from bankruptcy advice specialists,… Read more »

The Hidden Health Costs Of Being In Debt

Health professionals have long believed that there are strong links between being in debt and having, or developing, mental health problems. It’s easy to see how a person who can no longer cope financially with their debts can become worried, anxious and depressed about their financial problems. Feelings of guilt and hopelessness are also common…. Read more »

What Happens After A Bankruptcy Order Has Been Made?

This article from Bankruptcy Clinic explains what happens after a Bankruptcy Order has been made against you by the court. You’ve already have completed a Bankruptcy Petition and Statement of Affairs, sworn an affidavit and, in most cases, attended your court hearing. So what happens next? The Official Receiver From the moment your Bankruptcy Order… Read more »

Which Debts Can & Can’t Be Included In Bankruptcy?

yes/no bankruptcy

If you’re finding yourself drowning in debt and no other options are available to you, bankruptcy could be your best option for dealing with your money problems. However, did you know that not all types of debt can be included? This means that you’ll still need to find a way to manage these debts during… Read more »