BMV & SRB Warning – Look after your Tenants !!
If you have purchased a property BMV (Below Market Value) or Sell and Rent Back then you really have to make sure that the person from whom you purchased the property from does not go bankrupt!! The...
View ArticleThreatened with Bankruptcy!
Redwood Collections are threatening bankruptcy!! Here is a letter that a client received: “Should we not hear from you within the time-frame suggested this matter will be escalated for further action,...
View ArticleIVA’s Rescue or Rip-Off
IVA’s Rescue or Rip-Off (Individual Voluntary Arrangement) What is an IVA ( Individual Voluntary Arrangement ) An IVA is a legally binding offer to creditors by an individual, business (partners) or...
View ArticleApplication to Set Aside a Statutory Demand
So you have received a Statutory Demand under section 268 (1) (a) of the Insolvency Act 1986, in other words somebody has sent you the documentation to make you bankrupt! This article explains the...
View ArticleWhat is a Debt Relief Order?
What is a Debt Relief Order? A Debt Relief Order (DRO) is a new alternative to bankruptcy introduced in 2009. It is a form of insolvency which can help people who are unable to turn to other debt...
View ArticleDebt Questions? Confidential Free Debt Advice
Where to Get Good Free Debt Advice and Remain Anonymous? It takes a lot of courage to seek out debt advice. There are many places where you can seek advice about your debts, from charities to...
View ArticleBuchanan Clark & Wells – Collection Letter
NOTICE OF IMPENDING COURT ACTION Here is a letter that someone recently received from Buchanan Clarke & Wells. This one should be taken seriously as they are threatening impending court action!...
View ArticleBankruptcy Document – Statement of Affairs Form 6.28
If you have ever wondered what questions you will need to answer when filling out a Bankruptcy petition then here is the Statement of Affairs document. If you are considering going bankrupt, get as...
View ArticleIVA’s Are They Worth It?
The Bankruptcy Association I recently came across the News Letter by The Bankruptcy Association. It was interesting to read the following passage: “I have noticed in particular that most debt...
View ArticleIn Bankruptcy – Evicted From Property
Here is an example of somebody who owned the property and went bankrupt in 2008. Over a three-year period they were evicted from their property and the property was sold. XX XX 2012 Dear Sirs XXXX – In...
View ArticleBankruptcy & Property
Property Dangers in Bankruptcy In the past I have mentioned the dangers of what will happen to your property in Bankruptcy or an IVA. Here are some notes that need to be considered if you do not own a...
View ArticleWhat Expenses Can I Claim for If Going Bankrupt?
When you go bankrupt there are certain figures that the insolvency service would use to calculate your monthly disposable income. Obviously, some outgoings such as mortgage, rent or council tax will...
View ArticleClosure Of Bankruptcy Association
Bankruptcy Association Closure Today as I opened up my mail, I thought that I would be reading a “newsletter” from the Bankruptcy Association. Unfortunately, it contains the following sad news: “Dear...
View ArticleIVA’s Rescue or Rip-Off
IVA’s Rescue or Rip-Off (Individual Voluntary Arrangement) What is an IVA ( Individual Voluntary Arrangement ) An IVA is a legally binding offer to creditors by an individual, business (partners) or...
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Bankruptcy is my House at Risk
My Property and Bankruptcy In this post I will give you a brief outline of what it means to go bankrupt and how is will affect your home. If you do go bankrupt, then every asset you have will have to...
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