Latest Articles

What can I do if I have taken a Payday loan during my IVA?

Options if you have borrowed a new Payday loan during your IVA. Can you add the loan? How could a payment holiday help? How to avoid borrowing during an IVA.

Will a property I own abroad be included if I carry out an IVA?

Property you own abroad is affected by an IVA? Is income from the property included? Is any equity at risk? What if you do not disclose the property?

Will I have to open a new bank account if I have debt problems

Why is it sensible to open a new bank account if you are struggling with debt? Which Bank should you move to? What if you already have a poor credit rating?

Can I start an IVA for just £100 a month?

An IVA can now be started based on payments of £100 a month. Why will creditors agree? Is a £100 IVA better then DMP? Would Bankruptcy be a better option?

Should I delay starting a DMP if I am planning to move home?

Should you postpone your DMP if you plan to move. What if you want to rent? Should you delay if you want to buy? What if your credit rating is already poor?

Will my property outside the UK be affected if I go Bankrupt?

Property owned abroad is included in Bankruptcy. Will you be forced to sell it? What if there is a lot of equity? Is it possible to hide the property?

Number of people with debt problems falls 8% in 2013

The number of formal personal insolvencies in England & Wales fell in 2013. However do the figures fail to show underlying debt problems?

What happens to a personal injury payment if I am Bankrupt?

Personal injury compensation is a windfall in Bankruptcy. Can you keep any of the money received? Can you keep a payout received after you are discharged?

Will Bankruptcy sort out my credit card debt?

Bankruptcy can be used to solve credit card debt. How much will you pay back? Can the Court reject your application? Will you be able to use cards afterwards?