By Mr Bankruptcy 21st March 2019 How could Brexit impact on your business? When I was first introduced to polite society, I was told never to bring up sex, religion and politics at the dinner table. We’ve added another taboo subject to the list since then. I’ve lost count of the networking events I’ve been […]
Read moreBy Mr Bankruptcy 15th March 2019 I’ve seen a large increase in my debt casework involving personal guarantees lately but it’s been a while since a case involved one of the big four UK high street banks. Most of the problem debt cases I’m dealing with involves secondary lenders. So what’s going on with secondary […]
Read moreBy Mr Bankruptcy 27th February 2019 One of the first things I get asked by clients who find themselves with unmanageable debt and facing statutory debt solution such as an IVA or filing for bankruptcy is whether they will lose their house. As I explained in a previous blog post, during bankruptcy proceedings secured loans […]
Read moreBy Mr Bankruptcy 30th January 2019 Last January Carillion announced it had run into trouble and went into liquidation. It’s not surprising that January 17th, Blue Monday, is considered the most miserable day of the year – and the weather doesn’t help. Carillion’s problems were caused by losing money on contracts and running up large […]
Read moreBy Mr Bankruptcy 17th December 2018 Christmas – a time for giving gifts, eating and drinking and inviting friends and family around to celebrate. But if you’re already facing a personal debt problem, or your business is suffering from cash flow issues, then you may not feel like celebrating; you may be worrying that Christmas […]
Read moreBy Mr Bankruptcy 27th November 2018 Whether you’re facing increasingly unmanageable personal debt or your business has a serious cash flow problem, the impact of debt can reach far beyond your financial world. Debt affects your wellbeing, peace of mind, family life and relationships and in the run-up to Christmas, it can make you […]
Read moreBy Mr Bankruptcy 27th November 2018 Debt doesn’t just drop on you out of the blue like a barrow load of bricks from a building site, it’s insidious, gradually spreading and growing to affect more and more of your work, private life and thoughts. So it can be difficult to notice the point when an […]
Read moreBy Julian Donnelly 6th March 2018 One the 1st April 2014, the Financial Conduct Authority (FCA) took over the regulation of the consumer credit market from the Office of Fair Trading and found itself looking at the mammoth task of transferring over some 55,000 firms to the new regulatory regime. In a climate of […]
Read moreBy Julian Donnelly 27th January 2017 Since taking over the regulation of consumer credit in 2014, the Financial Conduct Authority (FCA) has made great strides raising standards right across the board, and in particular the payday loan and debt management sectors. One of the cornerstones of the new regulatory approach is “Treating Customers Fairly” […]
Read moreby Caroline Clark, Director of RMCSC Limited Since April 2016 insolvency practitioners have not been able to recover either success fees or uplift fees in conditional fee agreements or any adverse costs insurance premium, as insolvency practitioners’ exemption from the Legal Aid, Sentencing and Punishment of Offenders Act 2012 came to an end. Regardless of consideration of […]
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