The Debt Survivor

Just go Bankrupt…you’ll be debt free in 12months…

Posted on 14. Jul, 2010 by pauljohnson.

Just go Bankrupt, youll be debt free in 12months
Im sure many of you have heard this pearl of wisdom before, I know I have. But is it really that simple Is it as straightforward as it sounds whats involved in the Bankruptcy process
Well, as somebody who has actually been through the process I can assure [...]

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IVA’s

Posted on 16. Dec, 2009 by UK Liquidation.

Individual Voluntary Arrangements The Advantages
IVAs dont suit everybody, but for those who do meet the criteria, the benefits are fantastic:

You can legally write off up to 75% of your debt.

You can reduce your monthly repayments by calculating how much you can afford to repay each month & then make [...]

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Liquidation

Posted on 16. Dec, 2009 by UK Liquidation.

There are 3 types of liquidation
(i) Members Voluntary Liquidation
A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.
Solvent, what does this mean?A company is capable of paying its liabilities in full plus statutory interest plus the costs involved in winding up, within 12 [...]

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