By Julian Donnelly 29th July 2015 In previous articles, we’ve examined such questions as “Should you go bankrupt?” and looked at issues such as “bankruptcy and your home”. In this article, we should look at another common element of personal bankruptcy (in England and Wales) called Income Payment Agreements/Orders – both ostensibly the same […]
Read moreBy 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 more