Yearly Archives: 2018

Is your home at risk if you have equity and go bankrupt? What if the amount is small? What if the total equity is large? What if house prices change?

If you rent should you go Bankrupt or start an IVA to manage your debts? How will Bankruptcy affect you and your credit rating? How long will it last?

Can you stop your Debt Management Plan if it is not working? How easy is it to change to an IVA? What are the advantages and disadvantages of the IVA?

Joint debts when going bankrupt. Is my partner effected? What happens to my joint mortgage and the equity in my home? What options does my partner have?

Should you stop your DMP and start an IVA? Will your debts be paid faster? Will your monthly payment change? What happens to your home and credit rating?

Starting a DMP will normally mean creditors will not apply for a Charging Order. Can they still apply during the Plan? What if an Order is already in place?

A useful explanation of the different debt solutions in England, Wales and NI. Debt Consolidation, Debt Management, IVA. Is Bankruptcy rally all that bad?

Can a company director go bankrupt? Are the company credit facilities affected? What if the company also has debt? Run your business as a sole trader.

Is car finance included in bankruptcy? Will you be allowed to keep the car? Can you return it and include the debt? Getting car finance after bankruptcy.