What is a Deed of Assignment A deed of assignment relating to a debt is a legal document that transfers the ownership of a debt from one party to another. It is often used when a lender wants to sell … Continue reading →
Letter to Creditors Making an Offer of Payment for DMP So, you have now completed your Income and Expenditure (I&E) for a Debt Management Plan (DMP), which has calculated how much you can afford to pay each creditor or Debt … Continue reading →
Consider Solving You Debt Problem with a 2 Step Approach The biggest problem with debt is the constant calls and letter from creditors, which forces you into making a hasty and possibly financially dangerous decision of choosing the wrong debt … Continue reading →
Research Debt Help Companies You are drowning in debt and getting constant calls from creditors and Debt Collection Agencies (DCA’s),. You are looking for a way out as soon as possible, but you do need to stop, think and do … Continue reading →
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 →
Can I Hide from Creditors and Debt Collection Agencies The short answer is yes, but as to how successful you will be, will depend on a number of factors. If you owe only a small amount of money then a … 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 →
Can You Do Your Own Debt Management Plan The simple answer is YES! However, to start with is may be difficult to implement. I would say that if you are going to do your own Debt Management Plan, you need … 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 a loved one dies, emotions can run high for a long time afterwards. Although you may have already had a lovely service and burial for your loved one, most of the hard work occurs after he or she has … Continue reading →
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 →
A Brief Guide to Company Voluntary Arrangements (CVAs) Many businesses in the UK are experiencing financial turmoil for a number of reasons – whether it be failing to keep up with shifts in consumer trends (as in the case of … Continue reading →
