Mr Bankruptcy 30th September 2022 If you’re concerned creditors may be about to act against your business, especially in the light of the Government’s recent ‘mini-budget’, here are some actions they can take and what you can do to about it. What actions can creditors take? When trying to retrieve debts owed to them by […]
Read moreMr Bankruptcy 30th August 2022 A recent report by BBC News declared that thousands of small firms go bust owing millions in bounce back covid loans. This isn’t the first-time that concerns about bounce back loans have been raised and it seems unlikely the situation will improve any time soon. What can you do if […]
Read moreMr Bankruptcy 27th July 2022 The decision to liquidate your business is not an easy one to make, but if your business is in financial difficulty the time may have come to consider this as an option to allow you to move forward. What is liquidation? Liquidation is the means by which you officially […]
Read moreMr Bankruptcy 23rd June 2022 Once seen as a lifeline for many businesses, a Bounce Back Loan may now feel more like a heavy burden if you are struggling to repay one. If that’s the case, what might your options be. And what happens if the Bounce Back Loan isn’t the only debt you can’t […]
Read moreMr Bankruptcy 9th June 2022 As the UK and global economies continue to struggle, businesses have to look for ways to survive these challenging times. Following forecasts from the Bank of England, should this include preparing for a recession? Is recession on its way? Inflation has now reached a 40-year high, at 9% and things […]
Read moreMr Bankruptcy 26th April 2022 Over the past couple of years, the financial resilience of many businesses will have been severely tested and with challenging times still ahead, it’s not too late to take a look at how you can build financial resilience into your organisation. What is financial resilience? Financial resilience is about the […]
Read moreMr Bankruptcy 5th April 2022 It looks as though 2022 will be another challenging year for business, with even more pressure being put on their financial situations after what has already been a tough couple of years. The realisation that things may not improve much, if at all, this year is going to be difficult […]
Read moreMr Bankruptcy 21st March 2022 As the cost of living continues to rise, what’s driving the increase in prices and how can households manage the extra costs? What’s happening to the cost of living? During 2021 and into 2022, inflation has been rising quickly and it’s expected to reach around 8% during the spring and […]
Read moreBy Mr Bankruptcy 18th February 2022 Over 1.5 million businesses were approved for a loan through the Government’s Bounce Back Loan Scheme between May 2020 and 2021. If you own one of these and are worried about how you can repay the loan, it’s important to understand the options available to you. What is a […]
Read moreBy Mr Bankruptcy 31st January 2022 It looks as though 2022 is going to be a challenging year for many households, with several financial changes putting pressure on household’s budgets. I take a look ahead at the possible problems we could be facing and what households should be doing right now to prepare for them. […]
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