I Need To Go Bankrupt But Have Equity In My Property

equity

Question Jon, I am going bankrupt due to owing in excess of £150,000 for loans I guaranteed for a company. The company has ceased trading and entered into Administration, but I am liable for the loans as guarantor. My wife and I own a property together that is valued at £200,000, but we still have […]

What is a Debt Management Plan? And When to Use One to Get Out of Debt.

When trying to find solutions to getting out of debt, there are many, however, not every option is best suited for each person. It can depend on their full set of circumstances. Some questions that need to be addressed prior to someone being advised to which is the best course of action to get out […]

What Are IVA’s/Individual Voluntary Arrangements?

You’ve seen the ads on the Internet: Get Out of Debt Today! New Government Plan to Reduce Your Debt! Pay Back Pennies on the Pound and Eliminate Your Debt? Be Debt Free With Just a Few Simple Steps! Most of these ads are referring to what is called an IVA or Individual Voluntary Arrangement. Individual […]