Today In UK Debt: 22/04/2022

2022 calendar

It’s Not a Lie….If You Believe It! The government is trying to sweep this “partygate” under the rug, or carpet. And who knows, they may very well do it. But please….do not insult our intelligence any further! Resignations are in order, and a New Order is in order. But will it happen??? Who knows. I […]

Should I Go Bankrupt or Do An IVA?

insolvent

We can throw a third option in this mix as well which is a Debt Relief Order or DRO. All three (3) are forms of insolvency, and as such involve third parties, such as the courts, or Insolvency Practitioners. When faced with insolvency, you may ask yourself which is the better option, Bankruptcy, an IVA, […]

I Have Gambling Debts And Have Been Made Redundant

Blackjack

Question Hi, I hope you can help. I had a gambling problem for years and have recently begun treatment through Gamblers Anonymous. The major problem is I have £10,000 of credit card debt, and while I was making the minimum payments, I have now been made redundant. I qualify and am receiving Universal Credit, but […]

Changes in Debt Relief Orders Have Come Into Effect

debtor

There are many ways to get out of debt, and one of these is a Debt Relief Order or DRO. DRO’s were created as a new form of insolvency in April 2009, and were originally for those people who had debts, no surplus income after allowed expenses, and no assets, as a way to get […]

What Is The Quickest Way to Get Out of Debt?

highway cars lights

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 […]

I Am in Poor Health and Have Debt, What Can I Do?

stethoscope and medical records

Question I have debts totally around £15,000 and no way to repay them. I cannot work due to poor health and am now only receiving benefits. I do not own any property, and can barely afford to live on what I receive. I need to be done with these debts. What can I do? Desperate […]