By Julian Donnelly 6th March 2018 One the 1st April 2014, the Financial Conduct Authority (FCA) took over the regulation of the consumer credit market from the Office of Fair Trading and found itself looking at the mammoth task of transferring over some 55,000 firms to the new regulatory regime. In a climate of […]
Read moreBy Julian Donnelly 31st March 2016 Hot on the heels of a big change back on the 1st October 2015 where the minimum debt level required to go bankrupt was increased from £750 (where it had been since the introduction of the 1986 Insolvency Act) to £5,000, another big change will take […]
Read moreBy Julian Donnelly 9th October 2015 I wrote back in July that it was seemingly likely that interest rates would go up either by the end of this year or early 2016. It now appears that the markets are not expecting a rate for another year possibly (I believe this was the same last […]
Read moreBy Julian Donnelly 1st October 2015 You may or may not be aware, but as of the 1st October 2015, the minimum debt level required to go bankrupt has been increased from £750 (where it had been since the introduction of the 1986 Insolvency Act) to £5,000. There are those that argue that […]
Read moreBy Julian Donnelly 29th July 2015 In previous articles, we’ve examined such questions as “Should you go bankrupt?” and looked at issues such as “bankruptcy and your home”. In this article, we should look at another common element of personal bankruptcy (in England and Wales) called Income Payment Agreements/Orders – both ostensibly the same […]
Read moreBy Julian Donnelly 29th July 2015 In a previous blog, we addressed the question “Should you go bankrupt?”. We looked at some of the common questions/misconceptions about modern personal bankruptcy (specifically in England and Wales) following the introduction of the 2002 Enterprise Act. As the fate of your home is usually by far the […]
Read moreBy Julian Donnelly 24th July 2015 For an individual dealing with unmanageable debt, there are several options out there which can be used to resolve the situation, such as: Looking at the household budget to see where/if savings can be made; Speak to your creditors directly and see what they can do to help; […]
Read moreBy Julian Donnelly 22nd May 2015 As a firm that currently generates all of its business by referral and recommendation, we tend to spend a lot of time at business networking events. I consider these events a fantastic way of developing lasting and meaningful business relationships providing you approach them in the right way and with […]
Read moreBy Julian Donnelly 8th April 2015 This is a question that I am asked frequently by clients at the consultation stage. The simple fact is that whether you are a limited company or a private individual, there is usually a variety of options, each of which has their own pros and cons. There isn’t a […]
Read moreBy Julian Donnelly 2nd March 2015 I’ve never made a secret of the fact that I have been through bankruptcy myself a few years ago. Don’t get me wrong – it’s not something I’m proud of or boast about. It happened and my life has never been the same since. It’s not my intention for […]
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