By Mr Bankruptcy 6th December 2019 In October the Guardian newspaper reported that the number of people facing insolvency in 2019 was heading towards the highest level for almost ten years. As debt problems in the UK continues, are you heeding the signs that your debt needs to be dealt with? The reason for debt […]
Read moreBy Mr Bankruptcy 30th October 2019 Sadly, in the news last week was another report about suicides directly related to debt. This particular report looked at people who had committed suicide after contact with HMRC, but I think this is being harsh on the taxman. It’s believed that up to 50% of people struggling with […]
Read moreBy Mr Bankruptcy 29th August 2019 When a business is in financial difficulty the transition into insolvency can sometimes be swift. As a business owner, you need to be aware of the early signs to look out for that could indicate that your business is at risk of becoming insolvent. What is insolvency? A business […]
Read moreBy Mr Bankruptcy 12th August 2019 As a debt advisor I see the profound effect that unmanageable debt has on any person’s wellbeing but particularly on those people who are in a vulnerable situation can find it additionally difficult to manage their debt. There is no single approach to managing debt and each client’s needs […]
Read moreBy Mr Bankruptcy 12th July 2019 When you are in serious debt it’s important to remember that with the right approach, there is always a way to address the situation. To help you make a start, it’s also important to know what to avoid doing in order to prevent your debt situation from getting worse. […]
Read moreBy Mr Bankruptcy 21st June 2019 Taking back control when you are in a debt situation that you feel is out of control and overwhelming is a crucial step. Working with people to help them understand their situation and to empower them to make decisions about their options is integral to our debt advice approach as […]
Read moreBy Mr Bankruptcy 19th June 2019 An article in the Independent in April stated that the majority of people find it easier to talk about mental health issues than debt. This is particularly concerning when 44% of adults in the UK are hiding debts of more than £4,000. So why is it so difficult to […]
Read moreBy Mr Bankruptcy 3rd June 2019 There’s often a feeling of lack of clarity and being out of control when debts become unmanageable, and this quickly piles stress onto what’s already a difficult situation. However, making an IVA to consolidate your debts can help you to take control of your life again. What is an Individual […]
Read moreBy Mr Bankruptcy 23rd May 2019 The thought of negotiating a debt settlement with creditors may seem daunting and unlikely route to get you out of debt. Where would you begin? However, it could be an option worth considering when there is expert support available to you. What is a negotiated settlement? With a lump […]
Read moreBy Mr Bankruptcy 2nd May 2019 The thought of bankruptcy is undoubtedly scary for businesspeople but this is often because of the horror stories we hear. If we could dispel some of the stories surrounding the bankruptcy process more people could begin to think about their options based on facts, not fiction. Seek specialist bankruptcy […]
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