By Mr Bankruptcy 18th April 2019 Facing a growing debt problem is a stressful and often lonely road to walk and there’s going to be a temptation to do whatever you think will make the problem go away as fast as possible. On the one hand, it’s usually best if your debt starts to become […]
Read moreBy Mr Bankruptcy 21st March 2019 How could Brexit impact on your business? When I was first introduced to polite society, I was told never to bring up sex, religion and politics at the dinner table. We’ve added another taboo subject to the list since then. I’ve lost count of the networking events I’ve been […]
Read moreBy Mr Bankruptcy 15th March 2019 I’ve seen a large increase in my debt casework involving personal guarantees lately but it’s been a while since a case involved one of the big four UK high street banks. Most of the problem debt cases I’m dealing with involves secondary lenders. So what’s going on with secondary […]
Read moreBy Mr Bankruptcy 27th February 2019 One of the first things I get asked by clients who find themselves with unmanageable debt and facing statutory debt solution such as an IVA or filing for bankruptcy is whether they will lose their house. As I explained in a previous blog post, during bankruptcy proceedings secured loans […]
Read moreBy Mr Bankruptcy 30th January 2019 Last January Carillion announced it had run into trouble and went into liquidation. It’s not surprising that January 17th, Blue Monday, is considered the most miserable day of the year – and the weather doesn’t help. Carillion’s problems were caused by losing money on contracts and running up large […]
Read moreBy Mr Bankruptcy 17th December 2018 Christmas – a time for giving gifts, eating and drinking and inviting friends and family around to celebrate. But if you’re already facing a personal debt problem, or your business is suffering from cash flow issues, then you may not feel like celebrating; you may be worrying that Christmas […]
Read moreBy Mr Bankruptcy 27th November 2018 Whether you’re facing increasingly unmanageable personal debt or your business has a serious cash flow problem, the impact of debt can reach far beyond your financial world. Debt affects your wellbeing, peace of mind, family life and relationships and in the run-up to Christmas, it can make […]
Read moreBy 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 […]
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