By Mr Bankruptcy 3rd May 2023 If you are in debt, there’s a number of ways that may be available to you to help you manage them and to resolve any dispute you are in with creditors. What debt management solutions are available to you? The following are some of the most common solutions used […]
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 15th August 2022 If you are declared bankrupt while you’re a director of a limited company, it means some significant consequences for you. Before being declared bankrupt, it’s important to be aware of the impact and consider whether there are alternative ways to manage your debt. What exactly is bankruptcy? Bankruptcy is a […]
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 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 more