By Mr Bankruptcy 1st February 2023 Having a budget always makes good financial sense, but when times are financially challenging a budget can have an added impact in helping you to identify, acknowledge and start tackling your financial problems. Now, more than ever, people are looking for ways to make the money they have go […]
Read moreBy Mr Bankruptcy 17th January 2023 Without doubt 2022 was one of the most financially challenges years that many businesses and individuals have experienced. Unfortunately, the predictions for 2023 don’t paint a much brighter picture. Here’s what some of the experts are saying. The 2023 outlook for businesses A report by JP Morgan claims that […]
Read moreBy Mr Bankruptcy 5th December 2022 Christmas is well known for being an expensive time of year but as many people are already struggling with the cost of living the extra cost burden of the holiday season will bring little joy. In fact, a recent report by Sky News suggested that two-thirds of adults are […]
Read moreBy Mr Bankruptcy 21st November 2022 Cashflow is vital for the survival of every business but as the financial squeeze continues to tighten, cashflow is likely to be impacted. Businesses need to plan for that situation now. What’s happening with cashflow? Research from Barclays showed that 58% of SMEs and 94% of medium-sized enterprises are […]
Read moreBy Mr Bankruptcy 31st October 2022 If you run a business, you’re probably used to feeling that managing finances is a rollercoaster ride; there are plenty of ups and down and on occasion you feel like everything’s coming off the rails. This takes its toll at the best of times, but it’s even worse when […]
Read moreBy Mr Bankruptcy 20th October 2022 It seems as though a day doesn’t go by without the news reporting how bad the financial situation is likely to get. For many people this persistent messaging is becoming overwhelming, highlighting the importance of addressing debt difficulties for mental as well as financial wellbeing. The impact of financial […]
Read moreMr 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 […]
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