Articles

Lawyer, legal advisor, businessman brainstorming information on agreement details Business contracts in legal processing books for accuracy in contract documents. joint financial investment.

Business Debt

Winding-up Petition

A Winding-up Petition is a legal notice presented to the court by a creditor with a view to forcing a company into liquidation. If a winding-up order is granted by the court, compulsory liquidation ca...

Business Debt

Is my company insolvent?

As a company director, you have to keep a close eye on your business’s finances, particularly when it’s struggling. As soon as your company becomes insolvent, your duties as a director will change...

Personal Debts

What to do if you are struggling to repay benefit overpayments

If you have debt as a result of an overpayment of state benefits, you will need to make arrangements to pay this back to the government.

Trust Deed

What do the new Trust Deed 3 day cooling off period changes mean for you?

Cooling off periods are common for most goods and services, particularly those which are purchased online that you haven’t seen in person.

Bailiffs and Legal Action

What is a charging order on your home in Scotland?

A charging order in England and Wales is a legal order that secures an unpaid debt against your property.

DAS

Trust Deed

Differences between a Trust Deed and Debt Arrangement Scheme (DAS)

If you’re struggling with large personal debts that are spiralling out of control, it’s crucial to recognise that there are a number of options available to you.

Trust Deed

Credit Score

How to improve your credit score after a Scottish Trust Deed

Scottish Trust Deeds generally last for four years, so if you’ve successfully reached the end of yours, you’ll be starting to think about rebuilding your financial status.

Trust Deed

Credit Score

How long does a trust deed stay on your credit file?

Entering into a Scottish trust deed is an effective way to escape unmanageable debt, and allows for a fresh financial start once the trust deed term has come to an end. As with all official debt proce...

Trust Deed

What happens when a Trust Deed ends?

Your Trust Deed has finally come to an end; you’ve made all your payments and have been formally discharged. Congratulations! You may now be wondering what happens next...

Personal Debts

Tax Debt Help for online content creators and OnlyFans models

Social media has opened up a whole new way of earning money, with more people than ever now turning to platforms such as TikTok, Instagram, YouTube, and OnlyFans to generate extra income.

Business Debt

HMRC debts for sole traders and businesses

If you can show that your current financial state is only temporary, and you’re not deliberately trying to avoid payment, you may be able to negotiate for more time to pay. HMRC understand that sour...

Man looking at a Statutory Demand request

Business Debt

What is a Statutory Demand?

A Statutory Demand is a formal, written request for a debt to be paid. Statutory demands can be sent to an individual or a company by someone you owe money to (known as a creditor).