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Archive for March 2017

Petitioning For Bankruptcy?

Petitioning for Bankruptcy? So, why would I petition for bankruptcy? We have had a number of people looking for definitive advice on their positions, when to all intents and purposes they are ‘crippled’ with debt. The burden of debt and the effect it has on people’s lives should never be underestimated. It usually affects mental…

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Considering Bankruptcy?

The B Word: You Can Consider Bankruptcy If you are considering bankruptcy It is essential to remember that bankruptcy laws and processes are there for two reasons: For a creditor to recover due money. This is only worthwhile if they know the debtor has assets. For Debtors to relieve the pressure of debt and in…

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Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance Under the provisions of the Insolvency Act 1986, a company and its Directors need to be careful when continuing to trade knowing the company is insolvent. In basic terms, once realising a company is insolvent, Directors are deemed to be personally liable for increasing debts from the point that…

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