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 […]

Should I Go Bankrupt?

Question Hi Jon, I am currently in an IVA, but am struggling with the payments due to increased expenses. My gas and electricity have gone up when my tariff ended last month. I also am earning less as my shifts have been reduced. I am wondering if bankruptcy is not the best way for me […]

I Am Stressed About My Debt And Need Advice!

Question Hi and I hope you can provide some advice. I was placed on furlough when the pandemic hit, and now have been made redundant. I have a lot of debt due to living off of credit cards and trying to manage paying my mortgage. I am tired of it all. I looked into an […]

What Can I Do To Get out of Debt?

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 […]

Can I Be Made Bankrupt in The UK For a Debt in Dubai?

Question Hi Jon, I moved to Dubai 5 years ago and lived there 2 years. Once my work contract ended I had to move back to the UK as my work Visa to stay in Dubai had expired and I could not find new work. When I left I had a car on finance and […]

What Happens At The End Of My IVA?

Question Hi, and thanks for taking my question. I began an IVA almost 5 years ago and have been making payments each month. The IVA was modified a couple of times as my income changed, but I have never missed a payment. What happens at the end of the 5 years? Do my debts magically […]

How Can I Settle a Debt For Less Than The Full Balance?

In looking at options and solutions to get out of debt, for some settling a debt, or paying less than what is owed can be a solution. There are two (2) caveats to this: You need the cash/money to pay the agreed settled amount, either in one lump sum payment, or in a couple of […]

Can I Be Chased in The UK For Debts I Left in Dubai?

Question Hi, and I hope you can help. In 2015 I worked in Dubai, moving there from England. I had a job offer, it paid well, and I was excited about the change. I worked in Dubai until 2019, then one day my employer said my services were no longer needed, and I was out […]