Published in Debt Advice Features on Thursday, February 08 2007 0 Comments

Debts are at an all time high, and only in increasing in Great Britain. Christmas comes but once a year, but when it appears the costs can really hit you, especially if debts are already making finances tight. Who can deny their child or loved one that much wanted gift. The food and celebrations alone cost a fortune. If your finances are already tight, how do you get by? Do you just use a bit of that overdraft? Just a few things on the credit card? Just a small extension on the loan? Unfortunately it all adds up and when the bills inevitably roll in in January, you may begin to realise you canŒt cover the excess you have spent and you just entered the black hole of debt even further.

Published in Debt Advice Features on Saturday, February 03 2007 0 Comments

Personal Bankruptcy is a term used when a person wishes to declare bankruptcy, or so it is thought, there is no difference if you are an individual person, a sole trader, or limited company the bankruptcy effects are the relatively the same.

Published in Debt Advice Features on Saturday, February 03 2007 0 Comments

Filing for bankruptcy is also known as petitioning for bankruptcy, the reason for this is that a petition has to be filed at a County Court or the High Court if you live in and around London.

Published in Debt Advice Features on Saturday, February 03 2007 0 Comments

Getting advice on bankruptcy may seem relatively easy, I could just go on the internet and type bankruptcy “advice” on the Google search engine or the other search engines failing that I could ring any number of the advice companies found in the Yellow Pages or that advertise on the television and ask them for bankruptcy advice, sounds easy but is it really?

Published in Debt Advice Features on Saturday, February 03 2007 0 Comments

Bankruptcy does not restrict anyone from obtaining credit in bankruptcy, any debt that an individual had accrued before the date of the bankruptcy order would be included into bankruptcy as a bankruptcy debt and would be administered by the bankruptcy trustee.

The only restriction of obtaining unsecured loans and other credit in bankruptcy is the way a person goes about applying for the credit.

Published in Debt Advice Features on Saturday, February 03 2007 0 Comments

Bankruptcy statistics over the last few years have risen dramatically and is set increase further into 2007 with an estimated figure of 100,000 of us going to take the bankruptcy route in 2007
Why is this happening?

Published in Debt Advice Features on Friday, February 02 2007 0 Comments

Bankruptcy can seem over complicated and very formal, one of the reasons for this can be put down to the terms used within bankruptcy, the terms and confuse matters more, this article will outline and explain the majority of terms used within the bankruptcy process. You should find a link under the explanation which will direct you to other articles within this site relating to the relevant term.