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  • debt management solutions
  • debt management solutions

We are the UK's leading Independent Bankruptcy Advice Providers of personal and commercial bankruptcy advice no matter how complex the case might be. We have provided bankruptcy advice to thousands of people in the past 16 years and pride ourselves on our extensive experience and friendly and straightforward approach.

Our clients range from the average man on the street to Barristers and professionals that find themselves stuck in the complex world of insolvency and the hostile approach that pressing creditors take on the indebted debtor.

We aim to respond to all call back requests within 10 minutes. On the other hand, you might wish to call us on 01425 600129 or 07812 917002 / 07894 481175 and you can speak to us straight away. We provide an initial free review to gain an understanding of your circumstances. Having assisted well over 4,500 people with successful bankruptcies, we will guide you through the process step-by-step and complete all of the necessary paperwork. We will even deal with your creditors, if needs be. We are transparent when it comes to our services. What you see is what you get. There are no hidden costs or charges.

Bankruptcy Questions

What does a ‘Default’ on my credit file mean?

Accounts generally go into default once three missed payments are recorded on a credit file. If you request a copy of your credit file, you will notice a row of zeroes and ones running in a line next to the name of the creditor. Each zero means a successful monthly payment, while the ones mean a missed payment. Needless to...read more →

What exactly does ‘Statute Barred Debt’ mean?

Statute Barred Debt is debt that might have become unenforceable if a creditor has not gone to court or contacted you within the time limit set out in the Limitations Act 1980 i.e. in England and Wales the time limit is six years. We need to point out, however, that while the time limit for unsecured debt is six years, it...read more →

What happens if you stop paying an IVA – does it mean court?

No it doesn’t and you are entitled to leave an IVA just as you were entitled to enter into it in the first place. You would need to write a letter to the IVA company advising of your intentions, as the court will ask for a Letter of Termination if you intend going bankrupt. You will receive a ‘Breach of...read more →

Bankruptcy News

If you thought Parma’s only problem was relegation read on …

19th March 2015 – Serie A football club Parma has been declared bankrupt with debts of £54 million by a court in Italy but will still be allowed to complete the season. To compound matters, the club’s Chairman Giampietro Manenti has been arrested on suspected credit card fraud, which meant club officials Osvaldo Riccobene and Enrico Siciliano were left holding the baby...read more →

Another Bank bites the Dust

Banco de Madrid has filed for bankruptcy following an accusation of money laundering that has implicated senior staff at both BDM and its parent company Banca Privada D’Andorra. The US Financial Crimes Enforcement Network has accused Banca Privada D’Andorra, which holds all of the capital of Banco de Madrid, of money laundering resulting in the meltdown of the boards of...read more →

IMF signs off £12 billion aid plan for Ukraine

The International Monetary fund has signed off a 4-year £12 billion aid plan including £3.1 billion to be made immediately, in a bid to stave off bankruptcy. Christine Lagarde, head of the IMF, said the aim was mainly to provide immediate economic stabilisation for a country ruined by conflict. The IMF loan should result in the unlocking of further credits...read more →

Featured

What does a ‘Default’ on my credit file mean?

Accounts generally go into default once three missed payments are recorded on a credit file. If you request a copy of your credit file, you will notice a row of zeroes and ones running in a line next to the name of the creditor. Each zero means a successful monthly payment, while the ones mean a missed payment. Needless to...read more →

What exactly does ‘Statute Barred Debt’ mean?

Statute Barred Debt is debt that might have become unenforceable if a creditor has not gone to court or contacted you within the time limit set out in the Limitations Act 1980 i.e. in England and Wales the time limit is six years. We need to point out, however, that while the time limit for unsecured debt is six years, it...read more →

What happens if you stop paying an IVA – does it mean court?

No it doesn’t and you are entitled to leave an IVA just as you were entitled to enter into it in the first place. You would need to write a letter to the IVA company advising of your intentions, as the court will ask for a Letter of Termination if you intend going bankrupt. You will receive a ‘Breach of...read more →