What is MAP Insolvency?
Minimal Asset Process is a type of bankruptcy only available in Scotland. It is designed to give those with debts they can’t repay within a reasonable amount of time a fresh start.
What is MAP Insolvency? Read More »
Minimal Asset Process is a type of bankruptcy only available in Scotland. It is designed to give those with debts they can’t repay within a reasonable amount of time a fresh start.
What is MAP Insolvency? Read More »
A DAS (Debt Arrangement Scheme) is not insolvency.
Is a Debt Arrangement Scheme an Insolvency? Read More »
An IVA has proven to be an extremely effective debt solution for many people in the UK, however it is important to get a clear idea of how it may or may not affect your life.
How Does an IVA Affect Your Life? Read More »
If you have been lucky enough to receive a windfall of money and you want to use it to clear off some debt that has been troublesome in the past, then a Debt Settlement Offer can be a great way of doing so. A DSO involves contacting your individual lenders and ‘making them an offer’. The offer you make should obviously be lower than the actual amount you owe. Under the correct set of circumstances, your lender may consider it in their own best interests to take the money. But how much should you offer?
What Percentage Should I Offer to Settle Debt? Read More »
Yes and No. The answer to this question largely depends on which types of debt you have.
Does a Debt Relief Order Clear My Debts? Read More »
For many of us, debt is a fact of life. If we want to purchase more expensive items like cars or mobile phones, then we can only do this with a finance agreement or a credit card. If you take out any kind of credit agreement, then debt management can become a very important part of your personal finances. There are several examples of debt management that, if followed effectively, can prevent you from losing control of your finances.
What is an Example of Debt Management? Read More »
Both bankruptcy and an IVA (Individual Voluntary Arrangement) are forms of insolvency, but they work in different ways. Read on to find out which one might be better for you.
Is it Better to go Bankrupt or IVA? Read More »
For people who have one or more county court judgement made against them, an administration order is a legally binding debt solution which allows you to pay your debt back based on what you can afford.
What Is an Administration Order? Read More »
If you are struggling with your finances, or worse still, if you have been contacted by debt collectors or bailiffs, then you may be experiencing some serious stress and anxiety. It can be easy, at this point, to bury your head in the sand and avoid the issue. However, if you can take a deep breath, be honest about your finances and seek help, then you will find that there are several really effective options to help you get back on track. But which one will be right for you?
What Is the Best Solution for Debt? Read More »
If you have a decent credit score, but you are finding it difficult to meet your debt repayments, then consolidating your debt can often be an effective way of reducing your monthly outgoings. But is it always a good idea?
Does A Debt Consolidation Loan Really Work? Read More »