Monthly Archives: April 2013

The complete beginners guide to Bankruptcy

Bankruptcy for beginners. How long does it last. What will you have to pay. Is you job affected? What happens to your house? What belongings can you keep?

Minimum debt level for Charging Orders introduced

What is the risk of being forced to sell your home after a charging order is issued? New minimum debt level before Order for Sale application allowed.

Are IVAs Too Good To Be True?

There are downsides to an IVA. What happens if you cannot maintain your payments. What is the affect on your home and credit rating? What happens to windfalls?

HMRC to increase the use of Charging Orders

HMRC to increase its use of Charging Orders to recover tax debt. When would HMRC apply? What is the affect on your property? How to avoid Charging Orders.

Can I start an IVA with just one creditor?

It is possible to start an IVA with just one creditor. What if you have recently consolidated debt? How to increase the chance of one creditor accepting an IVA.

Do I still have to pay my mortgage if I go Bankrupt?

If you go Bankrupt your mortgage still has to be paid. How will you be able to afford this? What are your options if you still cannot afford the payments?

Is it possible to go Bankrupt after I have started an IVA?

You can allow your IVA to fail and go bankrupt. Is it possible to save your IVA? How to let it fail. What happens to money paid? The effect on your property.