London is one of the world's most significant cities in the world in terms of history and architectural marvel. The city has been home to many of the world's great scientists, scholars, queens and kings. If you plan on visiting London this weekend, below are a few things and places you should definitely consider doing and visiting.
The Jaw Dropping- London Mime Festival So, what's on in London this January? The London International Mime Festival (LIMF) is annually held in London. This year, the show will continue till the 1st of February, 2014. The event started in 1977 and no other event of this type has run this long. Not only are the shows popular, but the after-show discussions with the artists are equally the rage.
Revive Your Soul- The Commitments: a Musical Amongst the 'what to do in London this month' options, you can go to a screening of The Commitments. Bookings are open till the 26th of January. The musical is based on the hit novel by Roddy Doyle. A group of young Irish girls and boys bond over their common love for music. You will get to hear some great classics including 'Mustang Sally', 'Papa Was A Rolling Stone', 'In the Midnight Hour' and 'Try A Little Tenderness'.
Cheer For Your Favourite Player at The Masters! The greatest event in Snooker- The Masters is being held in London at the Alexandra Palace. The venue has been changed after a long 32 years.
Laugh your Guts Out with Monty Python's Spamalot This hilarious show has been running for over a year. The show comes to an end next month which is why seeing it should top the things to do in London this weekend.
Ice Skate to Your Heart's Content! London's Canary Wharf still offers you to ice skate in case you missed doing it as you were preoccupied with all the festivities of last month. It closes on the 16th of February so it is definitely one of the things to do in London.
If you intend on visiting London some other time, check out the London This Weekend updates for every week on the happenings in the city.
If you're struggling with debt call the Debt Helpline, no matter how bad the situation seems there's plenty of free advice available to help you with your debt solutions.
Almost everyone owes money, bills are a fact of life. But sometimes you may find you're swamped with debts and can't see a way of paying them all, call the Debt Helpline. The worst thing you can do is to ignore the problem it won't just go away.
If you're thinking about taking out cash from your credit card or even a single loan as debt consolidation to pay off all your existing debts, make sure you're not simply taking on more debt. Check that the terms of the loan interest rates and length of the loan. Be very careful about taking out a loan secured on your house as it will put your home at risk get debt advice.
If you know you can't pay all your debts, its important to prioritise your debts and to write to your creditors to see if you can agree on a repayment timetable. Those people who are already struggling with unmanageable debt should seek advice from an insolvency helpline as soon as they can to find out what options are available and how they can get their finances back on track and start fresh.
Many people are struggling with debts at present, and if you're one of them, you should get the right support as soon as possible. Seeking early expert advice combined with determination can avoid closure. Insolvency – also known as bankruptcy – is a complicated topic that is best addressed by a technical specialist rather than standard certified accountants. Accessing timely expert advice is vital. With the right advice, organisations exploring insolvency may not be in danger of mounting liabilities and could have a number of options other than closure available.
If you are experiencing the following, it may be time to seek specialist advice: - Mounting debts - Less cash flow - Rising income gaps - Worries that you cannot keep doing more with less
Accessing the right advice provided at the right time could have a substantial impact on your future. So if you are not sure if insolvency applies to your organisation, please ask now by calling an insolvency helpline.
An IVA lasts 5 years or more. An IVA will typically last for 5 years, which may be extended or failed at any time by the supervisor if the circumstances arise. This could mean you facing the possibility of bankruptcy some years down the road after the IVA has been put into place.
That is why it is important to be absolutely sure that an IVA is suitable and can be completed with confidence. A lot can happen in five years, such as job loss.
How long does an iva last? In some circumstances, if you are able to offer your creditors a lump sum in settlement of your debts, an IVA can last for less than 5 years. This can either be via a windfall, third party assistance or more commonly by sale or remortgage of a property.
Full and Final Settlement IVAs are where a lump sum is offered to creditors in settlement of a debt upfront. These tend to last no more than three months.
An IVA can last longer than five years if you need to make up for missed or reduced payments or if your proposal states that the IVA must be extended if you are unable to release any equity at the end of the fifth year.
Please note that bankruptcy has more than financial and legal consequences so it is important to read and understand the following:- - If you are a sole trader then usually your business will be closed and any employees dismissed. - Whilst you are bankrupt or subject to bankruptcy restrictions - If you are in a partnership at the time of your bankruptcy then the partnership will automatically dissolve upon the making of your bankruptcy order - Reputation could discourage former and potential associates. - Bankruptcy offences, which are punishable by imprisonment or fine or both - Previous transactions being reversed or altered. - Bankruptcy restrictions order, which prolong the restrictions of bankruptcy for between 2 and 15 years.
- An income payments order is a consequence that means you will still have to contribute to your bankruptcy debts for a period of 3 years - Bank accounts for bankrupts are difficult to obtain free of charge. Visit the bank accounts page for more information. - At the date of your bankruptcy you will lose control of your assets. - You risk losing assets of value, including your home. Go to the bankruptcy and home page for more information. - The bankruptcy order will remain on your credit report for six years making future borrowing difficult and expensive. When you apply for a mortgage you will usually be asked if you have ever been made bankrupt. - Some professions, licensing bodies, associations and legal acts prohibit individuals who have had a bankruptcy order made against them or currently have a bankruptcy restriction undertaking or bankruptcy restriction order in place.
Insolvency is the term we should use to describe the difficulties businesses or individuals face when they are having money problems, whereas bankruptcy refers to the position an individual faces when unable to pay their debts. The two terms tend to be used interchangeably, and the basic problem is essentially the same. To be made bankrupt, a court has to issue a bankruptcy order against you. This can happen for 2 reasons: - you can apply to the court if you're unable to pay your debts - your creditors (the people you owe money to) apply to make you bankrupt if you owe them £750 or more
When you're made bankrupt: - your assets can be used to pay your debts - you must follow certain rules called the 'bankruptcy restrictions' - your name and details will be published on a bankruptcy register called the 'Individual Insolvency Register' - after 12 months you're usually discharged (freed) from your bankruptcy Once you have been made bankrupt, you don't have to deal with the people you owe money to (your creditors). An official called the Official Receiver takes control of your money and property, and deals with your creditors.
When the bankruptcy order is over, you can make a fresh start and the money you owe is usually written off. In many cases, this can be after only one year. Creditors have to stop most types of court action to get their money back following a bankruptcy order.However, there are disadvantages to going bankrupt. These include the fact that it may cost you up to £700 to go bankrupt, you will lose your home if you own it and may lose other valuable possessions too.
Bankruptcy might not be your only option and it might not be the best one for you. If you are faced with bankruptcy, you'll need expert advice. You can get advice about your debt problems and bankruptcy ASAP.
Bankruptcy is the final and best debt solution anyone should consider as it is quite extreme. It can cost just around £500 court and admin fees to go down this route.
Debts are known as 'priority debts' and they are not always the biggest ones. Check here Priority debts usually include things like: • Rent • Court fines • Mortgage repayments • Taxes • Council Tax • Secured loans • Utility bills
It is important to deal with the problem straight away, find out what you can do about your debt problem and where to get free help and advice.
IVA, which stands for “Individual Voluntary Agreement”, has been recognized as a substitute of the bankruptcy.Though, you take an advantage of this effective alternative, you should have expert advice from a reliable person, who you can trust.
One question will suddenly arise in your mind, is expert advice really important in an IVA? Yes, it is an essential need before jumping into the action. There are some hazards that you definitely want to keep away from you. By getting a proper expert IVA advice you can get out of the circle of deceit. Let's look at some aspects regarding IVA to know why expert advices are important in the IVA.
Standard Terms Of IVA Under the conventional conditions of an IVA, the main advantage to your creditors is that they do indeed regain some of the money you owe them. In a standard bankruptcy, they wouldn't be able to. As you might have thought, a bankruptcy will do far more harm to your credit score than an IVA will, which is the main advantage from your viewpoint. Another way in which an IVA will advantage you is that it will lock up the interest rates on your loans.
The Typical procedure Once you've had some IVA guidance and made the decision that this is the path you'd like to take, the first thing is to sketch up a strategy on how to pay back your financial obligations. Aspect of this strategy will reveal your resources to your lenders so they can be sure the conditions of your strategy are completely reasonable.
How IVA Monthly Payments Works The IVA lowest payback level is £200 per month for a £15,000 debt. This transaction monthly increases if you have more than £15,000 to pay. The debts must also be from lowest 2 different creditors. In a simple way, the more you owe the more you pay.
Individual Situation An IVA is particularly valuable to individuals who own qualities that could be grabbed in the insufficient such a contract. At a point actually, there are some circumstances in which an IVA would be valuable even after you have declared bankruptcy.
The safest first step could deliver you the enhanced result for the future, because it is said that first impression is the last one. So for all the individual situations and scenario of the IVA it is essential to have expert IVA advices.ask your questions and get answers for IVA from experts.
An IVA is an acronym for Individual Voluntary Agreement and defines the fixed term repayment plans for people who are in certain kinds of serious debts. IVA allows the easy debt payments to the creditors, meanwhile protecting the assets to put under the threat of legal action and bankruptcy.If you happen to be in need of catering to the services of an IVA you can follow the following steps required for implementing the services of the IVA:
Step One Analyze implication of IVA and find out whether it suits you or not. For this you have to appraise yourself thoroughly about the IVA methodology and its advantages and disadvantage. Take the opinion of your debt advisor who will be in a better position to guide you in the matter. Proposing IVA requires you to engage Insolvency Practitioner who will be recommended by your debt advisor or the IVA firm.
Step Two It requires you to present your case with details of your financial circumstances, such as, state of affair, your earning, family expenses, assets, debts etc. Your living expenses will determine your amount of repayment to your IVA every month; meanwhile, your debt advisor will help you in assessing your IVA living expenditure budget.
Step Three This is a most crucial part since it deals with the documentation and the drafting of IVA Proposal, which will serve as a formal legal document detailing your financial circumstances and the proposed amount of repayment that you will make to your creditors in an IVA.Prior to submission of the proposal submit your financial statement, debt balances, salary slip, past business account and bank statement.
Step Four Require you to meet your creditors to discuss your IVA proposal for reviewing. The creditors if needed may propose some same changes in the draft proposal which you are required to discuss with your IP. However, in the absence of consensus the other debt management solution may be chosen.
Step Five Now you have reached the final stage. Once the IVA Proposal has been accepted it becomes the legally binding document for both the parties that are creditors and the debtors. You are obliged to follow all the terms and condition of the IVA and any breach of the terms will result in failure of the IVA. Beside this, your creditor may declare you bankrupt, since it's extremely strict with its terms and conditions.Once the remaining debt has been written off and completing the IVA you are absolved from all your liabilities.