Posts by Rob - Editorial Staff

What does voluntary bankruptcy mean?

Voluntary bankruptcy basically means that you want to declare yourself bankrupt, where you petition your own bankruptcy. The other type …

How do you go about declaring yourself bankrupt?

First of all you’ll have to complete a Bankruptcy Petition form (6.27). This form will be your official request to …

declaring yourself bankrupt

What is the bankruptcy register?

Just like births, deaths and marriages bankruptcy is a matter of public record. Bankruptcy is recorded on what is called …

Debt Worries

Who can enter into an IVA?

Many IVA advisors would tell you that you must have unsecured debts of 15,000 or more, should have three or …

debt guide

Debt problems? Learn how to deal with your situation

What with the global financial crisis and the resulting credit crunch more and more people are finding themselves in financial …

stepchange-cccs

Who are the CCCS?

The Consumer Credit Counselling Service (CCCS) is the biggest debt advice charity in the UK. It is fundamentally an advisory …

declaring yourself bankrupt

What is bankruptcy?

Bankruptcy is the last resort when you cannot afford to pay back your debts, and is considered a way of …

debt-free-image1

What is an Individual Voluntary Arrangement (IVA)?

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors in which you arrange to pay …

What is a Debt Management Plan

What is a Debt Management Plan?

A Debt Management Plan (DMP) is an arrangement that enables people who are in debt to a number of different …

What is a Consolidation Loan

What is a Consolidation Loan?

A consolidation loan is when lots of separate loans are combined into one single loan with one repayment schedule. People …