Individual Voluntary Arrangement (IVA) Warning! On a certain advert there is the following warning: “An IVA should only be considered in extreme circumstances. It is a formal agreement supervised by and insolvency practitioner. Failure to adhere to an IVA could … Continue reading →
For anyone facing difficulties paying the bills, you will know the worry and stress associated with accumulating debt. However, if you are a company director the implications are slightly different. When debt spirals out of control, some turn to bankruptcy … 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 →
General Form of Judgment or Order Here is an example of how a debtor applied to the courts to make reduced monthly payments. The court agreed with the debtor and approved that they should pay £56 per month on a … Continue reading →
If you receive a letter from HMRC as shown below, things are becoming very serious. HM Revenue & Customs Distraint What it means you This fact sheet is intended for companies, partnerships or individuals – unless the text says otherwise. … Continue reading →
Notice of Seizure – Enforcement Officer Now This Should Be Taken Extremely Seriously! “Andrew Wilson & Co Writ Number: xxxxx HIGH COURT FORM NO 55 NOTICE OF SEIZURE In the High Court of Justice Queens Bench Division BRISTOL DISTRICT REGISTRY … 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 →
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 referenceBCW reference: BPrincipal Sum: … Continue reading →
So you find out that your debt has been sold onto another company! Credit Services Association say on their site: “My debt was purchased; can I know how much it was purchased for? No, this is commercially sensitive information so … 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 →
Individual Voluntary Arrangement Rescue or Rip-Off What is an IVA ( Individual Voluntary Arrangement ) An Individual Voluntary Arrangement, commonly referred to as an IVA, is a contract that is binding to both the debtor and creditors. This agreement is … Continue reading →
Guest Post by Martha Jackson Are you struggling to pay off debt but are unable to do so? Well, if that is the case, then you should not worry any more. You can get help with debt through various debt … 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 →
Here is the document Judgement for Claimant, where the claimant has objected to the rate of payment offered. (click on image to enlarge) So as a result of this Court has ruled that the full amount is to be paid … Continue reading →
By reading this post you have taken the first step!! Do a Full Financial Fact Find on Yourself Doing a full income and expenditure on yourself is an important step to take in order to understand your financial health. This … Continue reading →
