Posts Categorized: Bankruptcy

Bankruptcy, IVA Or DRO – Which Is Right For Me?

Bankruptcy, Individual Voluntary Arrangements (IVAs) and Debt Relief Orders (DROs) are all options for managing your debts and they’re all forms of insolvency. Beyond that, however, they are three quite different solutions designed for people in different personal and financial circumstances.   This article will help you understand how these solutions work, and give you… Read more »

Why Are Pro Footballers Going Bankrupt?

When you think of professional footballers, one of the first things that comes to mind is their vast weekly wage packets. Closely followed by huge mansions, designer clothes, luxury cars and glamorous WAGs – all a direct result of this fabulous wealth. So it may come as a surprise that, according to Xpro, a charity… Read more »

The Rising Tide Of Council Tax Arrears

The ever-growing mountain of consumer debt in the UK has been hitting the headlines recently, with much media attention focusing on payday loans and other forms of unsecured lending. But recent statistics released by the Citizens Advice Bureau (CAB) tell a different story as, for the first time, council tax arrears are outstripping other types… Read more »

The Differences Between Personal And Corporate Bankruptcy

corporate bankruptcy uk

Bankruptcy whether personal or corporate is a way of wiping the slate clean; it is a fresh new start without the worry and stress of debt. There are distinct similarities between the two, both personal and corporate insolvency, but there are also very apparent differences. Individuals file for bankruptcy, whereas companies go into liquidation. Once… Read more »

What Is Debt Management Protocol?

When you are in debt it can be a frightening and worrying time. There is only so long that you can go on burying your head in the sand and hoping that it all just goes away. The reality, of course, being that it obviously does not. On the realisation of this, most debtors at… Read more »

Can One Of My Creditors Make Me Bankrupt

Being in debt is stressful enough, but what if your creditor threatens to make you bankrupt! Where do I stand? What can I do? Will they go through with their threat? And Will I lose my home? These are frequent questions that are often asked by individuals who are in this precarious situation. When threatened… Read more »

Facing Bankruptcy? How Do I Afford The Fees?

pay bankruptcy fees

When people find themselves in debt it can be an extremely difficult time, and quite easily they can find that their debt escalates and spirals totally out of control. At first faced with debt people tend to borrow from Peter to pay Pan, but eventually Peter runs out of money too! Most individuals in this… Read more »

5 Effective Tips To Save Yourself From Bankruptcy

For most people in debt it is nearly impossible to reduce their spending habits to bring it inline with their income. They may look at their bank account(s) and think there is no chance of alleviating their debts and have no alternative than bankruptcy or another debt solution. We like to think that a lot… Read more »

How To Petition Your Own Personal Bankruptcy

How to petition bankruptcy

Applying for your own bankruptcy can be a daunting task especially if you have no knowledge of where to go, what to do or how to start. Fortunately there is plenty of information on the internet on bankruptcy and what it entails, though sifting through all that information can be time consuming and not very… Read more »

How Much Does It Cost To Go Bankrupt

Bankruptcy Fees in Northern Ireland

If you have been searching around for the cost of bankruptcy, you may be struggling to find a straight answer. Some people may think that going bankrupt is free but sadly that is not the case, which tends to put a lot of people off. All forms of bankruptcy require a fee of some sort… Read more »