How Can I Get All My Accounts Settled At The Same Time?

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Question Jon, My situation is a bit complicated, so I will give you some background details, and also explain what I hope to do. I have in total £30,000 of debts that are in just my name, or the account were taken out for my LTD company, but I signed as guarantor. So I know […]

I Need To Go Bankrupt But Have Equity In My Property

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 […]

I Need To Avoid Bankruptcy

Question Jon I am a serious situation and need some advice. My business has been down in part due to the pandemic and lock downs, but it also slowed prior to this. I am at the point I am not trading at all. I have a lot of debt, near £50,000, much of it was […]

My Business Is In Administration What Are My Options As Guarantor?

Question Hello, I owe £35,000 to various suppliers, credit cards, and business loans, all of which I guaranteed for my company. The company has been placed into Administration as while we are still trading, we cannot afford the debts we have. I am thinking bankruptcy may be my only option here. However, I still need […]

How Do I Pay My Deceased Father’s Debts?

Question Jon, My father died last month and we are now in the process of cleaning out his house. He lived in a housing association property, so he had no real assets. In cleaning the property, we have found numerous bills and accounts that he owed. Not just the usual utility bills, but also some […]

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

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, […]

How Can I Get a Car Loan With Bad Credit?

Question I need a loan to buy a car as I have found a job, but the location for work is not on any bus routes, in addition the job is working unsocial hours. I don’t need an expensive car, just a reliable one to get to and from work. The problem is I have […]

I Need Advice As I Guaranteed a Business Loan.

Question Dear Jon My partners and I provide personal guarantee for a loan that was taken out by our company based in Mauritius in 2018 for raw materials for our manufacturing company in West Africa. Unfortunately, commodity prices collapsed in 2018 and the company was unable to service the debt of $1.4m anymore. The loan […]