All financially active people can end up considering bankruptcy at some point in their life.
Most individuals choosing bankruptcy as an option is the last resort.
Our clients consist of professionals and ordinary people with over £25k debts. They are ordinary folk who have jobs and lives to manage and have simply ended up in financial positions that they would never have been able to foresee that they would have ever been in this position.
Who considers bankruptcy as an option
Its not just ordinary householders that consider bankruptcy as an option. Its Barristers., Doctors, Dentists, Estate Agents, Independant Financial Advisors, Builders, architects all manner of professionals as well as Tradespeople, Property Developers, Traders, Online Gambling or Forex traders.
Ordinary people living ordinary lives with ordinary financial commitments where a change has happened that influences everything.
Retired people who have tried Debt management Plans, or have entered an IVA which has failed or is failing.
Recently divorced or separated where one or the other has accumulated debts and now has monthly payment commitments where the income just isn’t sufficient so service living cost monies and minimum repayments.
People who have entered an IVA and who realise that actually they have no assets ton protect, they have agreed that the payments are to increase and subsequently cannot mange these higher payments because there are costs that weren’t foreseen or included at the time the IVA was arranged, or they have received an annual statement only to find that no monies have been paid to the creditors at all and all monies paid over have gone to pay the IVA company’s fees.
Self Employed individuals who have run into difficulty with HMRC and its usually a demand for payment or a bailiff visit or letter that triggers them to take action.
Company directors who have ended up in a position where future trading seems impossible because of something that has happened.
These reasons usually consist of.
- HMRC demands for payment for monies that are unavailable through the business. It may be that personal credit has already been put into the business and options are running out.
- Problems with an accountant who has caused the business a serious accounting problem.
- A dispute with a Landlord or supplier that seemingly cannot be resolved through attempts to negotiate.
- Something has happened that wasn’t foreseen and the person simply doesn’t have the skill-set or knowledge to manage the situation that is ahead of them.
How can we help You:
Very importantly we are not an advice organisation. My philosophy after nearly 20 years in this industry is that anyone who asks us for help and assistance must understand that if whatever options are going to be taken are taken because the person will be asked a series of questions that they have never been asked before. The responses to these questions empowers the person with the right amount of knowledge to decide what they want to do on their own.
My experience with companies that advise is that it feels to the client that they are being sold a solution and they use words like, you must, you should.
My team are trained to ask a short series of questions that very quickly provides us with a complete snap shot of the persons circumstances, and very importantly How or what have been the contributory factors as to how they have ended up in the position that they are currently in. Its important to understand our clients needs at the very first phone call. It really doesn’t take long at all and virtually every client feels better than they did before they spoke with us. In managing services that we provide its always been so very important that a client journey is positive and that they aren’t just dealing with the problem they are dealing and finding positive solutions and new directions that will help them to move to safer ground and be in control. Our job is to empower our clients with the basic skill sets are are needed to move into the future with.
Our job is to provide the solution that works for you.