The country as a whole might be over the worst of the economic crisis, but that doesn’t mean that everyone has money to spare. For lots of families it can still be hard to balance the monthly figures. The biggest regular expense for most households is their mortgage, which can put a strain on finances.
If you are in debt and behind with repayments, your creditor may instruct a Bailiff to act against you. The Bailiff may visit your home or business and seize assets, which they will then sell to recoup some or all of the money you owe them. Notice from a Bailiff can be confusing – just
If you owe less than £15,000, don’t have much spare income and possess few assets then a Debt Relief Order (DRO) may be the right debt solution for you. A DRO means that you don’t need to make any payments to creditors listed in the order for the duration of the DRO period (usually one
In the wake of the global financial crisis bankruptcy ceased to be a dirty word and instead became a much needed way out for thousands of individuals and businesses across the UK. More recent statistics suggest that numbers have finally stabilised once more. I was always brought up to believe that bankruptcy effectively meant your
No doubt you have seen television adverts, received phone calls or text messages promising to write off your huge outstanding debts at one time or another. If so, you have been the target of a debt management company. With the average household debt over around the £54,000 mark and the total outstanding personal debt hitting
Do you have debts and wondering what is a debt relief order? A debt relief order is a way of clearing your debts if you meet certain criteria. These include having total qualifying debts of under £15,000 and being on a low income. Once the order has finished, you’ll be debt free and your creditors