Mr 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 4th May 2022 Many commentators have been predicting that business insolvencies would be rising in 2022 but those of us working in debt support are beginning to see a clearer picture of the impact all the financial uncertainty of the past two years is having on businesses. Insolvencies are increasing The number of […]
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 moreBy Mr Bankruptcy 18th January 2022 The government has introduced a raft of measures during the covid pandemic to protect businesses, including a halt to winding-up petitions against viable businesses. From 1st October changes to winding up petitions came into effect, so what are the implications for businesses? What restrictions were originally imposed during lockdown? […]
Read moreBy Mr Bankruptcy 7th December 2021 Each person’s journey into debt is unique, but rarely is it a journey of reckless financial management. Rather a combination of circumstances lead to difficult decisions, resulting in debt and for the individual, the consequences go beyond the financial. The physical and mental cost Due to the pandemic, six […]
Read moreBy Mr Bankruptcy 29th September 2021 When company directors set up a limited company, in part this decision is driven by the desire to limit personal liabilities if the business gets into financial difficulty, but are they fully protected from all liability? What is a financial liability? Liabilities are monies or debts owed by a […]
Read moreBy Mr Bankruptcy 21st September 2021 Buy Now Pay Later (BNPL) schemes have come under scrutiny recently due to the huge increase in demand for these services but are there lessons to be learnt about a borrowing option that seems too good not to take? What is BNPL? BNPL offers a convenient way to pay […]
Read moreBy Mr Bankruptcy 29th June 2021 Bounce Back Loans (BBL), which were introduced to help businesses stay afloat during the pandemic, have been in demand with more than 1.5 million businesses taking advantage of the scheme. However, with the first repayments due in June, what will happen to those businesses which will struggle to repay […]
Read moreBy Mr Bankruptcy 20th May 2021 Earlier this month the government introduced a scheme to provide “breathing space” to help those in debt to get on top of their situation. It is hoped this year alone, 700,000 people who are in debt could benefit from the scheme, with more than £400 million in extra debts […]
Read moreBy Mr Bankruptcy 19th April 2021 Bankruptcy is a term relating to debt that most people have heard of, many associating it with negative connotations as a desperate last resort, when everything’s gone wrong. But fewer people know how it works or how it could actually be a sensible solution for dealing with your debt. […]
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