Rich Spencer-Hayes

Alternatives to Declaring Bankruptcy

For people with serious debt problems declaring bankruptcy is perhaps the most well known solution. Although becoming bankrupt is a way to clear debts and start afresh it can also have a long term effect on a person’s credit rating. In the UK however ther... Read >

Scottish Trust Deeds Explained

People living in Scotland who have problems with unsecured debts have a number of options to become debt free. One way in which people can solve their debt problems is with a Scottish Trust Deed. What are Scottish Trust Deeds? A Trust Deed is a for... Read >

Avoiding Home Repossession – What are your options?

Latest economic forecasts predict that more and more people living in the UK will be faced with repossession of their home in 2011. If you are struggling to keep up with your mortgage repayments then you have a number of options to avoid repossession. ... Read >

Full and Final IVA – A Guide

Individual Voluntary Arrangements (IVAs) are a popular solution for people in the UK who are struggling with significant debt problems. In certain circumstances a full and final IVA is an option. What is a Full & Final IVA? A full and final IVA is ... Read >

Home Eviction Notices – A Quick Guide

Latest forecasts predict that in 2011 an increasing number of homeowners will face up to home repossession. If your home is repossessed and you do not move out by the date set by the court you will be issued with an eviction notice. An eviction notice... Read >

A Quick Guide to Bankruptcy

The first bankruptcy law in England was passed in 1542, with the term being an amalgamation of the old English word bankus referring a tradesman's table and ruptus, meaning to break. At this time, bankruptcy was introduced as a solution for the creditor, ... Read >

Is a Debt Management Plan for you?

A Debt Management Plan (DMP) is a viable option for those individuals with multiple unsecured debts. This can include a personal loan, a bank overdraft, credit cards and store cards. Perhaps you have fallen behind on a few payments, or maybe you have s... Read >

Full & Final Settlements – A Quick Guide

In the UK people with personal financial problems have a number of options for clearing their debts. In certain circumstances the best choice will be making a full and final settlement offer. A full and final settlement is an arrangement in which you ... Read >

Stopping House Repossession with an IVA

According to predictions by the UK Council of Mortgage Lenders (CML) the total number of borrowers falling behind on their mortgage repayments is expected to increase in 2011. As a consequence the amount of homes taken for repossession will continue to r... Read >

Members Voluntary Liquidation (MVL) – A Guide

If you are a business owner it may be that at some time you will choose to go through a Members Voluntary Liquidation (MVL). What is MVL and in what circumstances would you use it? What is Members Voluntary Liquidation? MVL relates to the winding ... Read >

Company Pre Pack Administration – A Guide

In the current economic climate pre pack administration is becoming an increasingly common choice for struggling businesses. Many companies in the UK are turning to it as a solution to overwhelming debt problems. What is pre pack administration and how ... Read >

Debt Management Plans - A Quick Guide

One of the most widely used solutions to financial problems used by people in the UK is a Debt Management Plan (DMP). If you are having trouble keeping up with your debt repayments then this could be the best option for you. What is a Debt Management ... Read >

Debt Solutions and Alternatives to IVAs

As a solution to debt Individual Voluntary Arrangements (IVAs) are a good option for many people. However IVAs are only suitable in a fairly narrow set of circumstances and so if you are having financial troubles then there is a good chance that you will... Read >

Individual Voluntary Arrangements (IVA) and your Credit Rating

Individual Voluntary Arrangements (IVAs) are one of the most commonly used debt consolidation methods used in the UK. If you do use an IVA as a solution to your debt problems how will it affect your credit rating? For people entering into a debt res... Read >

Individual Voluntary Arrangements (IVAs) and the Self Employed

There are now as many as four million self employed people working in the UK. These people have the difficult task of trying to run both their business and personal finances at the same time. Often business and personal finances merge together and many ... Read >