- What is an Individual Voluntary Arrangement?
In England and Wales, an Individual Voluntary Arrangement (IVA) is a legally binding contract that can help you get out of debt and it’s an alternative to bankruptcy. The contract is set up between you (the debtor) and your creditors (those ...
- What is a county court judgement?
This article applies to the law as it stands in England and Wales.
If you’re having serious debt problems, you may receive a county court claim from a creditor. This means that they plan to take you to court to get the money they cl...
- Bankruptcy – dealing with insolvency
If you’re in a great deal of debt and can’t resolve your problems, bankruptcy is one way out. Bankruptcy is the term for an order granted by the courts for the Official Receiver to handle your debts and those to whom you owe money. In ...
- Consolidate your debts – remortgaging
The level of domestic debt in the UK is ever increasing. It’s so easy to obtain various forms of borrowing now – loans, hire purchase, credit cards – that many people find themselves up to their eyeballs in debt before they know ...
- Dealing with bailiffs – your rights (England and Wales)
Unfortunately people’s debt sometimes gets so bad that their creditors take the step of sending a bailiff to their house to claim goods as payment in kind. It’s not a very nice situation to be in and it can cause a lot of stress and em...
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