Archive for August 2017

What is a Zombie Company?

what is a zombie company?

A zombie company is simply a company that is neither dead or alive. In other words, it is so overwhelmed by debt that any cash generated is being used to pay off the interest on the debt owed to creditors. In many cases the debt is not being reduced. With this, the majority of ‘Zombie’…

Read More

Britain could be facing another debt crisis

Britain could be facing another debt crisis

Britain could be facing another debt crisis, warn Bell & Company Britain is facing rising debt problems not seen since the beginning of the financial crash of almost a full decade ago, and we could be heading for another crisis, warn the debt experts at Bell & Company. “Nobody saw the crash of 2008 coming,”…

Read More

Research shows it’s harder to make a living in 2017

generation x

Those born in the 1970s and early 1980s, the so-called ‘Generation X’, are finding it harder and harder to make a living, say insolvency experts Bell & Company. The Belfast-based company has found that the average Irish person is now bringing home less money than they used to, and may well be in negative equity.…

Read More

A Guide to Personal Debt Collection in England

A-Guide-to-Personal-Debt-Collection-in-England-Feature-Image

If you or your business is facing insolvency, you might be worried about bailiffs taking action against you and removing assets. You may be sure of your rights, but bailiffs in England can often make you doubt yourself—as Simon English recounts in his tale of unpaid council tax, these can often be worrying times, even…

Read More