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InsolvencyGet the advice you need on Insolvency

Insolvency is the state of not being able to pay on your financial obligations on time or at all. In other words, when your debts are greater than your assets, you may become insolvent. If you find yourself in this situation, you need to act soon; however, do not proceed without insolvency advice. More info

You will want to find an authorised insolvency practitioner (IP) who can give you face to face insolvency advice. Before arranging that meeting, however, you will want to ask about any consultation fee. Get this amount in writing. Filing insolvency and then agreeing on bankruptcy or an individual voluntary agreement (IVA) all ironically cost money. Considering your situation, you will want to be very clear on how much everything costs and how to come up with the funds to pay for it. Less

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NEWS & ARTICLES

28 Mar 2008

Details of the Insolvency Acts

The Insolvency Acts establish the legal basis for all aspects related to insolvency in the UK, and they basically govern everything related to bankruptcy, insolvency, and IVAs (Individual Voluntary Arrangements).»

11 Apr 2008

How to Find Insolvency Help

Insolvency means that you cannot pay your bills and other financial obligations in a timely manner. This article details how you can find insolvency help to ensure you get through your insolvency with some ease. »

28 Mar 2008

Pros and Cons of Insolvency

Often confused with bankruptcy, which is a legal declaration of inability to pay creditors, insolvency means that an entity’s assets are not greater than its liabilities. This article discusses the advantages and disadvantages of declaring yourself insolvent.
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The content of this site is meant to be informational, and it should not be considered financial advice. We aim to provide you with accurate and useful information, but every individual has specific circumstances that should be taken into consideration. There are significant risks associated with investing, loans and mortgages. If you do not keep up your repayments on a secured loan or on your mortgage you could lose your home. We strongly recommend that you speak with a professional and trusted financial specialist or a financial advisor before you make any decisions or commitments.

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