Archive for the ‘Bankruptcy’ Category:

The Stigma of Bankruptcy

Bankruptcy is often referred to as the option of last resort for people. When you are in financial trouble you are desperate to find a way out. Many people try to avoid being declared bankrupt and some opt for another solution even though bankruptcy may well be the best solution for them. It’s hard to tell just how much the perceived stigma of bankruptcy affects their decision but it does appear that younger people are less concerned than the older generation about the stigma of bankruptcy. Continue reading “The Stigma of Bankruptcy” »

Need Bankruptcy Advice

If your debt situation has become unmanageable to the point where bankruptcy may be possible, it’s imperative that you get solid advice. Even if you cannot meet your debt payments anymore, this does not necessarily mean that you will definitely have to go bankrupt, as there are other possible consequences that are much less serious. Continue reading “Need Bankruptcy Advice” »

Insolvency and Bankruptcy explained

Insolvency and Bankruptcy are essentially both terms describing the position of a person or company that is no longer able to pay their debts. Insolvency is normally used when referring to businesses, and bankruptcy vavrto individuals, however there are many times when the terms are used varyingly in both contexts. Continue reading “Insolvency and Bankruptcy explained” »

Need IVA Advice

If you’re in serious financial difficulty it’s impossible to overstate the importance of getting good advice. This is particularly the case if your situation is moving towards insolvency or bankruptcy. Apart from the fact that handling these issues requires the skills of professionals who specialise in them, it’s also the case that an expert can give you a good overview of what your choices are, helping you to take decisions that are in your best interests in the longer term.  Continue reading “Need IVA Advice” »

I don’t want to go Bankrupt

If you’ve found yourself simply unable to meet your outgoings and are facing bankruptcy, there may be more options than you think. You should seek the advice of a professional such as an Insolvency Practitioner to work out the best way to move forward. Continue reading “I don’t want to go Bankrupt” »

IVA or Bankruptcy – Part 6

In the first five articles in this series, we looked at the possible effects of insolvency on the careers of those engaged in a variety of professions: accountants, members of the police and of the armed forces, members of the medical, dental, veterinary & pharmaceutical professions and those engaged in the practice and administration of law. Continue reading “IVA or Bankruptcy – Part 6” »

IVA or Bankruptcy – Part 5

In the fourth article in this series, we looked at the possible effects of insolvency on the careers of those engaged in the medical, dental, veterinary and pharmaceutical professions. In this fifth article we consider some of the law professions and some of the possible effects of insolvency on the careers of those engaged in the practice or administration of law. Continue reading “IVA or Bankruptcy – Part 5” »

IVA or Bankruptcy – Part 4

In the third article in this series, we looked at the possible effects of insolvency on the careers of members of the Armed Forces and of the Police. In this fourth article we will look at the medical, dental, veterinary and pharmaceutical professions and the possible effects of insolvency on the careers of those engaged in those professions. Continue reading “IVA or Bankruptcy – Part 4” »

IVA or Bankruptcy – Part 3

In the second article in this series, we looked at the effects of insolvency on the careers of people working in the financial sector and particularly accountants. In this article we will look at the effects of insolvency on members of the Armed Forces and of the Metropolitan Police.In particular, we will look at the two most frequently used financial remedies – Bankruptcy or an IVA.   Continue reading “IVA or Bankruptcy – Part 3” »

IVA or Bankruptcy – Part 2

In the first article in this series, we looked at the general effects of insolvency on the career of a professional. In this article we will look at the profession of accountancy and the approach taken by some of the Recognised Professional Bodies (RPB) when a member of an RPB becomes insolvent and adopts one of the available financial remedies. Two of the most frequently adopted remedies are Bankruptcy and the IVA (Individual Voluntary Arrangement). Continue reading “IVA or Bankruptcy – Part 2” »