By Julian Donnelly 29th July 2015 In a previous blog, we addressed the question “Should you go bankrupt?”. We looked at some of the common questions/misconceptions about modern personal bankruptcy (specifically in England and Wales) following the introduction of the 2002 Enterprise Act. As the fate of your home is usually by far the […]
Read moreBy Julian Donnelly 24th July 2015 For an individual dealing with unmanageable debt, there are several options out there which can be used to resolve the situation, such as: Looking at the household budget to see where/if savings can be made; Speak to your creditors directly and see what they can do to help; […]
Read moreBy Julian Donnelly 21st July 2015 I find it interesting that things seem to be going almost full circle in the banking sector, almost back to how it was when I first started in 1990. With the re-appearance of TSB (“the bank that likes to say yes”), we could also see the resurgence of another […]
Read moreBy Julian Donnelly 22nd May 2015 As a firm that currently generates all of its business by referral and recommendation, we tend to spend a lot of time at business networking events. I consider these events a fantastic way of developing lasting and meaningful business relationships providing you approach them in the right way and with […]
Read moreBy Julian Donnelly 8th April 2015 This is a question that I am asked frequently by clients at the consultation stage. The simple fact is that whether you are a limited company or a private individual, there is usually a variety of options, each of which has their own pros and cons. There isn’t a […]
Read moreBy Julian Donnelly 2nd March 2015 I’ve never made a secret of the fact that I have been through bankruptcy myself a few years ago. Don’t get me wrong – it’s not something I’m proud of or boast about. It happened and my life has never been the same since. It’s not my intention for […]
Read moreby Julian Donnelly 10th September 2014 This is for general guidance purposes – please seek independent professional advice if you are considering an IVA. In an IVA, the debtor approaches a licensed Insolvency Practitioner (IP) to propose an IVA. The IP will then draw up a proposal for the unsecured creditors (such as credit cards, […]
Read moreby Keith Steven, KSA Group Ltd A company voluntary arrangement (“CVA”) is a powerful rescue tool designed to help companies in financial distress, yet many directors are unaware of its benefits. If a company is struggling with poor cashflow and directors are finding it difficult to keep up with tax payments, it’s likely the company […]
Read moreBy Julian Donnelly 6th August 2014 So, the UK apparently has the fastest growing economy in the G7 and we had 0.8% GDP growth in Q2 2014, so we’re out of the woods from an insolvency perspective? Far from it – let me explain…. I was recently chewing the fat with an old friend who […]
Read moreby Julian Donnelly 25th April 2014 Insolvency: \In*sol”ven*cy\, n.; pl. Insolvencies. (Law) (a) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant’s […]
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