The Selling and Collection of Debts When you owe a debt to a bank or collection agency, or to anyone for that matter, you pretty much expect them to attempt to try and collect that debt if you do not make the payments. Logical, really, as they lent you the money with the understanding and [...]
Question: is there a minimum amount of debt one must be in to file bankrupcy?if the overal debt is made up of several smaller debts does each individual debt ned to be over a certain amount or jus … Read Rest: minimum amount of debt needed to go bankrupt
Question: I understand an overseas property is at risk in the event of bankruptcy, but what happens if it is in negative equity? Also, I understand that if it was a first property in the UK, any s … Read Rest: Overseas property with negative equity
Question: My parents have been married over 40 years and have a house in joint names with a mortgage of £80K. My father is facing criminal proceedings and is likely to get a hefty fine leadi … Read Rest: Effect of bankruptcy on spouse
Question: My husband and I are wanting to move back to south africa but we have around £50k debt which we pay a monthy payment of £150 to a debt management company. We also have a mort … Read Rest: Bankruptcy Abroad
Question: If someone is subject to a BRU or BRO would an IPA or IPO still last maximum of 3 years? So, for example, even if you were subject to the maximum BRU/BRO of 15 years, would an IPA/IPO st … Read Rest: BRU’s and IPA’s
Question: my husband and i seperated 3 months ago he is now threatening to make himself bankrupt, how will that affect me as the property i am still in with our daughter has a mortgage and secured … Read Rest: Partner threatening bankruptcy