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Category Archives: Bankruptcy
A Guide To Insolvency Law In The UK
Introduction Insolvency is classed as the inability to be able to pay any outstanding debts that you, or your business may owe. Depending on whether you are an individual that has become insolvent, or a company, there are different routes … Continue reading
It’s Hard to Let Your Property Go For Non-Payment of Debts – Prevent Sale of Your Bankrupt Home
The subprime crisis in the world’s largest economy United States saw a large number of people filing for bankruptcy and lenders taking away the homes of people. With more and more people buying houses worldwide, insolvency is a threat looming … Continue reading
Bust All Myths About Bankruptcy
The new bankruptcy law has created more storm than expected, because people are coming out with their own interpretations. So, it becomes imperative that these myths should be busted appropriately. Let us look into some of these myths and also … Continue reading
Getting Credit After Being Bankrupt
When a person goes bankrupt, one of the restrictions placed upon them during the period of their bankruptcy is that they cannot obtain credit without notifying the Official Receiver and receiving their permission. The fact of the matter is that … Continue reading
Posted in Bank Accounts, Bankruptcy, Credit Reference Agencies, Property Insurance
Tagged credit, credit file, gas
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Rebuilding Credit After Bankruptcy
Bankruptcy is usually a last resort mode of action when you are unable to manage your financial situation and cannot pay your debts. Your assets are used to pay off your creditors and you will be freed from your debts … Continue reading
Posted in Bankruptcy, Credit File Reports, Property Insurance, Restoring Good Credit
Tagged banks, budget, credit
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Best Strategies for Dealing with Student Loan Debt
Best Strategies for Dealing with Student Loan Debt Student loan debt is affecting more people now than ever before. And now more than ever, people are unable to repay their federally guaranteed loans. If you’re in this growing number of … Continue reading
How will an IVA or Bankruptcy Affect My Credit Rating?
Dealing with problem debts can be tough – but trying to ignore the problem can lead to things getting worse. For borrowers who have unsecured debts that they can’t afford to repay in a reasonable period of time, an insolvency … Continue reading
Posted in Bankruptcy, Credit File Reports, Restoring Good Credit
Tagged debt, insolvency
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Want An Alternative to Bankruptcy? Then Learn What Debt Consolidation Is
Many debtors panic the moment their various bills overwhelm them. As soon as their credit scores begin to plummet, many creditors resort to filing for bankruptcy. Bankruptcy is a legal declaration that one in unable to pay back his or … Continue reading