Have You Ever Been Bankrupt?

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Question Jon, I foolishly went bankrupt 7 years ago due to running up a huge amount of credit card debt. My bankruptcy was discharged, and I have been good with credit ever since. I am applying for a mortgage to buy my first home and the application has a question asking have you ever been […]

What To Do If Bailiffs Come to Your Home

the bailey justice

If there is one word which can strike fear in the hearts of anyone struggling with their bills and finances….it is Bailiffs! If you live in Scotland, it is the Sheriffs. There are a few things that must be said about Bailiffs: There are strict rules and laws they must follow to collect a debt […]

I Am In a Token Payment Plan And Getting Nowhere. What Can I Do?

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Question Jon your advice to people is greatly appreciated, and I need some of it. I was made redundant a few years back, and entered into a debt management plan at that time. I have only found part-time work here and there over the past few years. When the pandemic hit I went to a […]

When Will My Bankruptcy Be Removed From My Credit Report?

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Question I went bankrupt back in 2015. It was a difficult decision to make, but I felt I had no other options. I owed tens of thousands to credit card, my business loans, and I also had a mortgage. I lost my home, but being out of debt was liberating. I felt like I could […]

Can I Include a Repossession Shortfall In Bankruptcy?

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Question Was made bankrupt last June via email. I had a ltd co loan secured on a property that was repossessed, undersold and then the bank chased me personally for the £800,000 shortfall. Can I write off/set off the outstanding using PAP or affidavit? Answer Robin, Your situation and questions are more of a legal […]

Should I Go Bankrupt Due To My Gambling Addiction?

gambling

Question Jon I hope you can advise me on this matter. I owe in total over £40,000, which I know is a lot. I owe on a few credit cards, some personal loans I took out to consolidate the credit cards a couple of times, and I also owe 2 family members around £5,000. I […]

My Business Has Gone Bust And I Don’t Know What To Do.

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Question I need help! My business has gone bust and I signed as guarantor for all the loans, and also had loans in just my name. My company did kitchens and bathrooms, and while I had some work, much of th work dried up. So now I owe the company’s debt and my own debts, […]

What Is The Quickest Way to Get Out of Debt?

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There are many ways to get out of debt, and each has its own rules, guidelines, eligibility requirements, and also timelines. Some ways to pay off your debt can take years, some can take much less. Before we go over the quickest ways out of debt, let’s look at some of the other options to […]

Can I Go Bankrupt In The USA And Move Back To The UK?

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Question Jon, I currently live in America, but hold dual citizenship in both the US and UK. I am serious debt here in the US as a restaurant I started 5 years ago is looking at bankruptcy and liquidation here in the US. My question is I am considering moving back to the UK and […]

8 Tips to Improve Your Credit After Bankruptcy

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You were bankrupt for 12 months, and now your bankruptcy has been discharged, you are now officially debt free, starting over, a fresh start. What next do you need to do. One thing to do is to take a look, if you have not already done this or know, what took you to the point […]