What Does the Citizens Advice Bureaux (CAB) Do? The Citizens Advice Bureaux (CAB) in the UK play a vital role in providing advice and support to individuals facing a wide range of issues. Whether you’re dealing with problems related to … Continue reading →
What is the Best Debt Solution for Me The problem with getting the best debt solution for you is, many companies out there will try to put you into a debt solution that is best for them! Often people end … Continue reading →
My Property and Bankruptcy In this post I will give you a brief outline of what it means to go bankrupt and how is will affect your home. If you do go bankrupt, then every asset you have will have … Continue reading →
For some people bankruptcy can be a VERY serious and financially dangerous situation to be in. So if you are considering going bankrupt or bankruptcy proceedings are being made out against you, you should not just rely on this site!! … Continue reading →
Is and IVA Worth Considering? I recently came across the News Letter by The Bankruptcy Association. It was interesting to read the following passage about IVA’s: “I have noticed in particular that most debt collection companies and agents are quick … 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. After a three-year period they were evicted from their property and the property was forcibly sold. XX XX 2012 Dear Sirs XXXX – In BankruptcyCroydon County Court … Continue reading →
Bankruptcy Document – Statement of Affairs Form 6.28 Please be advised that since writing this blog post, the forms have since been updated: Old Form New Form(s) Information Previously Included Form 6.28 Form BN1 (Bankruptcy Petition)Form BN2 (Statement of Assets) … Continue reading →
What to Do if You Receive a Stat Demand 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 … Continue reading →
Redwood Collections are Threatening Bankruptcy Here is a letter that a client received for Redwood Collection threatening bankruptcy “Should we not hear from you within the time-frame suggested this matter will be escalated for further action, including the issue of … Continue reading →
