Can I Include Victim’s Compensation in My Bankruptcy?

prison cell

Question Hi Jon, I am unsure if you can answer this, but I am out of options right now. I was convicted of a crime and ordered to pay compensation to the victim. The compensation is a huge amount, and once convicted of the crime I lost my job. I have other accounts I owe […]

Can I Include Student Loans in Bankruptcy?


Question I was a uni student 3 years ago and took out student loans, which now total almost £19,000. I have not been working at all and seeing the statements of what I owe makes me ill. I also owe a few other accounts which total £3,000. I want to go bankrupt and start out […]

Can I Include Taxes Owed to HMRC in a Bankruptcy?

coins with tax spelled on them

Question I owe a lot of money to HMRC, £25,000 plus. This came about due to my business going under when the Covid crisis began. I could not longer trade and could no longer pay my bills. In total I owe around £60,000. I have spoke with HMRC and they said they could make me […]

I Need To Avoid Bankruptcy To Save My House, What Can I Do?

houses with church steeple behind them

Question Hi, and I hope you can provide some advice. I have over £20,000 in debts, arranging from a car on finance, 3 credit cards, a personal loan, and a loan I took out for my daughter. I have recently been made redundant, but am hopeful to find a new job soon. I am in […]

What is the Difference Between Insolvency and Bankruptcy?

bankruptcy typed out

When people say they need to go bankrupt, they usually are referring to the fact they are struggling with bills and debts, may have collector chasing them for payment, and in general cannot afford to pay their accounts. For many people, they will struggle with paying debts, being in arrears, in default, and being chased […]

Is Student Loan Debt Worth It?

student debt

Question This is sort of debt related, but also just seeking advice. My parents want me to go to uni next Autumn, which is OK. It costs £9,000 a year, and my degree will take 3 years to complete. In addition to the tuition costs of £9,000 per year, I also will have other expenses. […]

Gambling and Being in Debt

blackjack hand

As Kenny Rogers once sang, “You’ve got to know when to hold ’emKnow when to fold ’em”. Another saying in gambling you always need to keep in mind is “the house always wins”. So why do people gamble? For some it is entertainment, it is fun to play some of the games. For others it […]

If I Go Bankrupt, What Are The Restrictions?

letters spelling bankrupt

Bankruptcy restrictions, or the rules you must follow if you go bankrupt, are few, but they can be how you say….restrictive. When you go bankrupt, or enter into bankruptcy, you are in essence saying I can no longer handle my finances and the debts I owe, and I need help. That help comes in the […]

What Can I Do To Get out of Debt?

stressed person

Question Hi Jon, I need some advice on how to get out of the debt I am in. I owe £35,000 due to my business failing, and another £10,000 in personal debts. I am the Director of the company and guaranteed all the business loans. I am back trading, but not at the level I […]

How Do We Find Ourselves in Debt?

inspector with magnifying glass

In answering this question, how do we find ourselves in debt, we don’t “find” ourselves in debt, debt is a process. And a process which can be a lengthy one. The Process That is Debt You get your first credit card. You go to university, and take out student loans. You need a loan to […]