Skyrock.com
  • HOMEPAGE
  • BLOGS
  • PROFILS
  • CHAT
  • Apps
  • Music
  • Sources
  • Videos
  • Gifts
  • Log in
  • Facebook
  • Google+
  • Create your Blog

martinvebber

Pictures of martinvebber
  • Follow
  • See profile
  • More options ▼
  • Block
  • Subscribe to my blog
  • Choose this background

Statistics

  • 41 Hearts
  • 98 Comments

14 awards

  • Halloween
  • 2 year anniversary
  • 50 friends
  • 50 fans

500 tags

  • Bankruptcy
  • debt
  • Education
  • education
  • education blog
  • Finance
  • IVA
  • Loft conversion in Colchester
  • Loft conversion in Essex
  • London
  • London Aquarium
  • London Eye
  • online learning
  • self storage
  • storage space
  • students
  • Things to do in London
  • Trafalgar Square
  • Travel
  • V&A Museum

377 archives

  • All One Needs to Know About Dental Implants!
  • 4 Reasons for Choosing Internet Marketing Over Other Tools
  • 4 Reasons for Choosing Internet Marketing Over Other Tools
  • 5 Tips on Choosing the Best Pilates Classes!

68 fans

  • Pete666
  • moshakess
  • Nsoah-Music
  • mountaindelights

69 sources

  • TargetedWebsiteTraffic
  • ishantgupta122
  • Gaab
  • robortpeter

Share

  • Tweet
  • Friends 0

Return to the blog of martinvebber

Bankruptcy in UK

What is Bankruptcy?
Bankruptcy is one way of dealing with debts that you cannot pay. Bankruptcy proceedings eventually free you from overwhelming debts, however any assets that you have may be sold and the proceeds shared amongst your creditors. Bankruptcy lasts for twelve months, after which time you can make a fresh start.
 
Bankruptcy in UK


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
What are the effects of Bankruptcy?
- You will have to report to the Official Receiver and provide him with details of your financial affairs
- The Official Receiver will effectively own all your assets and look to realise their value for the benefit of creditors
- You will usually have to close your bank account
- You are unable to obtain credit exceeding £500 without disclosing your bankruptcy
- The Bankruptcy Order is registered with credit reference agencies for at least six years
- Your employment may be affected depending upon what job you do
- You cannot be a company director or hold public office

What are the alternatives to Bankruptcy?

- Individual Voluntary Arrangements
- Debt Management Plans Final Settlements

What is Bankruptcy? Bankruptcy is one way of dealing with debts that you cannot pay. Bankruptcy proceedings eventually free you from overwhelming debts, however any assets that you have may be sold and the proceeds shared amongst your creditors. Bankruptcy lasts for twelve months, after which time you can make a fresh start.                                 What are the effects of Bankruptcy? - You will have to report to the Official Receiver and provide him with details of your...

More
Tags : Financeblog, Bankruptcy, Bankruptcy-insolvency, Money Advice Direct, IVA, Benefits of creditor
​ 0 | 0 |
​
0
Comment

#Posted on Thursday, 20 December 2012 at 1:14 AM

  • Friends 0
  • Tweet
  • Comments
  • Hearts
  • Remix

More informationDon't forget that insults, racism, etc. are forbidden by Skyrock's 'General Terms of Use' and that you can be identified by your IP address (3.80.60.248) if someone makes a complaint.

Log in

Preceding post

Next post

My archives (377)

  • IVA Debt Advice Mon, December 17, 2012
  • what is a charging order Wed, December 12, 2012
  • What is an Individual Voluntary Arrangement Tue, December 11, 2012
  • PPI Calculator for mortgage Tue, December 11, 2012
  • Pros and Cons of an IVA -...
    An Individual Voluntary Arrangement (IVA) is ...
    Sun, December 09, 2012
  • Statutory Demand - The Insolvency Service Sat, December 08, 2012
  • Previous
  • Next

Design by the-skyrock-team - Choose this background

Report abuse

Subscribe to my blog! (1 subscriber)

RSS

Skyrock.com
Discover
  • Skyrock

    • Advertisement
    • Jobs
    • Contact
    • Sources
    • Post to my blog
    • Developers
    • Report abuse
  • Info

    • Here you are free
    • Security
    • Conditions
    • Privacy policy
    • Manage ads
    • Help
    • In figures
  • Apps

    • Skyrock.com
    • Skyrock FM
    • Smax
    • Yax
  • Other sites

    • Skyrock.fm
    • Tasanté
    • kwest
    • Zipalo
    • oMIXo
  • Blogs

    • The Skyrock Team
    • Music
    • Ciné
    • Sport
  • Versions

    • International (english)
    • France
    • Site mobile