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 …
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 …
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 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 …
Who are the CCCS?
The Consumer Credit Counselling Service (CCCS) is the biggest debt advice charity in the UK. It is fundamentally an advisory …
What is bankruptcy?
Bankruptcy is the last resort when you cannot afford to pay back your debts, and is considered a way of …
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?
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?
A consolidation loan is when lots of separate loans are combined into one single loan with one repayment schedule. People …
