Archive for December, 2009
Does anybody actually care about the level of UK debt???
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
With the National debt now reaching 800billion, most UK taxpayers are either unaware of the consequences of this figure, or theyre aware but just dont care
The definition of Insolvent when applied to a Company is Unable to meet its debts as they fall due
Does this also apply to our Government If it has to borrow [...]
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The recession is nearly over… or maybe not…
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
As I do each day, Ive just been trawling through the national media (on-line of course I dont buy every paper every day Im daft, but not that daft)
How on earth can anybody make an informed judgement about the Recession & the UK economy with headlines such as these;
Lehman Bros files for Bankruptcy
Institute of Chartered [...]
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Why is the UK economy so complicated?
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
It seems each day we see a different report and a different opinion on the UK economy as a whole and the various subsectors of the business arena. Even though headline figures may be indicating a potential recovery in the overall UK economy it seems that many areas underneath the surface are still struggling and [...]
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‘Secret Millionaire’ faces Bankruptcy hearing
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
CASH strapped `secret millionaire Chek Whyte has failed to reach an
agreement with creditors and is still facing personal bankruptcy.
An Individual Voluntary Arrangement was thwarted by HM Revenue & Customs, which is owed 1.2m and refused to agree the deal.
Now Mr Whyte, who has debts of 33m, faces a bankruptcy hearing brought by one of his [...]
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UK National debt is £800billion (the PSBR is £175billion)
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
A quick correction/clarification regarding yesterdays post on the UK national debt / PSBR.
The PSBR (as stated yesterday) is the difference between how much the Government earns (or raises in tax revenues etc) and how much it needs to fund the country. So if the Government was a Private Company, the 175billion figure is the amount [...]
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