Company Bankruptsy Advice

“The most powerful force in the universe is compound interest” Albert Einstein.

Posted on 16. Dec, 2009 by Company Bankruptsy Advice.

Einstein was right (not for the first time in his life)
about compound interest. It is indeed the most powerful force in the universe.
Unfortunately though, most people are suffering from this
force. A few days ago I posted a blog
entry entitled How long will it take me to pay off my credit cards. This blog
entry used an [...]

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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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IVA’s

Posted on 16. Dec, 2009 by Company Bankruptsy Advice.

Individual Voluntary Arrangements The Advantages
IVAs dont suit everybody, but for those who do meet the criteria, the benefits are fantastic:

You can legally write off up to 75% of your debt.

You can reduce your monthly repayments by calculating how much you can afford to repay each month & then make [...]

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Bankruptsy

Posted on 16. Dec, 2009 by Company Bankruptsy Advice.

For most people Bankruptcy really should be seen as a last resort, but if youre unable to take advantage of any of the other debt solutions available or if they simply do not suit your circumstances it may be the best way out.
The Enterprise Act 2002 came into force on 15th [...]

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