Bankruptcy Association Closure Today as I opened up my mail, I thought that I would be reading a “newsletter” from the Bankruptcy Association. Unfortunately, it contains the following sad news: “Dear Member I have recently discovered that I have terminal … Continue reading →
When you go bankrupt there are certain figures that the insolvency service would use to calculate your monthly disposable income. Obviously, some outgoings such as mortgage, rent or council tax will vary depending on where you are. Here is a … Continue reading →
Property Dangers in Bankruptcy In the past I have mentioned the dangers of what will happen to your property in Bankruptcy or an IVA. Here are some notes that need to be considered if you do not own a property … Continue reading →
Here is an example of somebody who owned the property and went bankrupt in 2008. Over a three-year period they were evicted from their property and the property was sold. XX XX 2012 Dear Sirs XXXX – In Bankruptcy Croydon … Continue reading →
If you have ever wondered what questions you will need to answer when filling out a Bankruptcy petition then here is the Statement of Affairs document. If you are considering going bankrupt, get as much advice as possible!!! YOU COULD … Continue reading →
NOTICE OF IMPENDING COURT ACTION Here is a letter that someone recently received from Buchanan Clarke & Wells. This one should be taken seriously as they are threatening impending court action! “Pursuers: NPower Ltd – Client reference BCW reference: B … Continue reading →
Where to Get Good Free Debt Advice and Remain Anonymous? It takes a lot of courage to seek out debt advice. There are many places where you can seek advice about your debts, from charities to professional advisor’s. My advice … Continue reading →
What is a Debt Relief Order? A Debt Relief Order (DRO) is a new alternative to bankruptcy introduced in 2009. It is a form of insolvency which can help people who are unable to turn to other debt solutions. DROs … Continue reading →
So you have received a Statutory Demand under section 268 (1) (a) of the Insolvency Act 1986, in other words somebody has sent you the documentation to make you bankrupt! This article explains the documentation required when disputing a statutory … Continue reading →
IVA’s Rescue or Rip-Off (Individual Voluntary Arrangement) What is an IVA ( Individual Voluntary Arrangement ) An IVA is a legally binding offer to creditors by an individual, business (partners) or limited companies to either sell off any assets and/or … Continue reading →
Redwood Collections are threatening bankruptcy!! Here is a letter that a client received: “Should we not hear from you within the time-frame suggested this matter will be escalated for further action, including the issue of a Statutory Demand under the … Continue reading →
If you have purchased a property BMV (Below Market Value) or Sell and Rent Back then you really have to make sure that the person from whom you purchased the property from does not go bankrupt!! The danger period is … Continue reading →
By reading this post you have taken the first step!! Obviously it is difficult to write a blog specific to your case. You may have just missed one payment, debt collection agencies are call and writing, a warrant of execution … Continue reading →
How do you really know what the right solution is for you? When you are in debt the first biggest problem is telling someone that you have a debt problem. The next problem would be to find advice that is … Continue reading →
I think really the question should be, ” what is the right debt solution for me?” I spoke with someone the other day who was in desperate trouble and looking for a solution for all his debts. He approached his … Continue reading →