By Mr Bankruptcy 3rd March 2020 If you are in debt to multiple creditors it can be overwhelming, but knowing which debts to pay first can help you to clear them all quicker and therefore save you money. What is a priority debt? Priority debts are not necessarily the largest debts or those with the […]
Read moreBy Mr Bankruptcy 19th February 2020 At the end of 2019 a poll by money.co.uk reported that more than half of the UK adult population would go into 2020 with debt. Particularly worrying is that research has shown that almost a third of British people believe they will never clear their debts. I’ve helped many […]
Read moreBy Mr Bankruptcy 3rd February 2020 If you have already agreed a debt management plan but are now struggling to make the agreed payments, or feel it no long suits your situation, then it’s time to consider your options. Is your debt management plan right for you? When you entered into the debt management plan […]
Read moreBy Mr Bankruptcy 21st January 2020 In December 2019 it was reported that Britons are now £45 billion more in personal debt than they were 10 years ago. If you want 2020 to be the year you take control of your finances and tackle or avoid debt, here are some simple steps to help. 7 […]
Read moreBy Mr Bankruptcy 19th December 2019 The tree lights are up, social calendars are full of seasonal festivities and preparations being made for a big meal at home or that annual journey around the country to visit friends and family – it must be Christmas. For many of us though, while we’re immersed in Christmas […]
Read moreBy 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 26th November 2019 On Wednesday, 13th November we were excited to be at the Turnaround Restructuring & Insolvency (TRI) Awards in London where we were recognised for our work with a “Highly Commended” award in the Personal Debt Solution Provider of the Year category. We are absolutely delighted to have been selected […]
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 16th October 2019 In August I talked about the importance of supporting vulnerable clients with debt management. Many different factors can cause that vulnerability and the approach of Christmas will only add to the pressure that many people will be under due to unmanageable debt, making us all feel that little more […]
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 […]
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