Articles

Business Debt

Can I be held personally liable for company debts?

One of the benefits of operating a limited company or limited liability partnership is that it separates you, as the business owner, from the company itself.

Sequestration

What is a Bankruptcy Restriction Order? (BRO)

A Bankruptcy Restriction Order may be made against you if it’s believed that you acted dishonestly, recklessly or unlawfully before you were made bankrupt, or during your bankruptcy.

Business Debt

Can I close a company with debts?

One of the benefits of running a private limited company (LTD) or limited liability partnership (LLP) is that you can close the company and not become personally liable for its debts.

DAS

Sequestration

Differences between Sequestration & Debt Arrangement Scheme (DAS)

Whether you’re particularly knowledgeable about trust deeds or you’ve never heard of the process before, it’s crucial to recognise exactly what you’d be entering into.

Sequestration

Differences between Sequestration & Debt Arrangement Scheme (DAS)

Whether you’re particularly knowledgeable about trust deeds or you’ve never heard of the process before, it’s crucial to recognise exactly what you’d be entering into.

DAS

DAS Rules and Regulations

The Debt Arrangement Scheme (Scotland) 2004 Regulations introduced a debt relief product which was designed to help Scottish residents stay in control of escalating debt without having to follow forma...

Trust Deed

Will a Trust Deed affect my partner?

A common and understandable concern for many people considering a Trust Deed is what impact it will have on their partner.

Personal Debts

What to do if you are in debt to PayPal

Buy now, pay later (BNPL) services are gaining popularity due to their easy access and flexible repayment options. BNPL is highly appealing as it lets you spread the cost of a purchase, rather than ma...

Personal Debts

What to do if you are in debt to Clearpay

Clearpay lets you spread the cost of your purchase through 4 instalments, due every 2 weeks. The payment option is available online, through the Clearpay app, and you can also use a digital payment ca...

Personal Debts

What is a debt settlement offer?

Sometimes known as a full and final offer, a debt settlement offer is where you agree to make a lump sum payment to your creditors in order to settle the remaining debt you have with them.

Bailiffs and Legal Action

How can I deal with aggressive debt collectors?

Dealing with debt collectors can be a highly stressful experience at the best of times, but when they’re aggressive in their techniques, how do you deal with it? Strict regulations surround the coll...

Personal Debts

17 Signs you’re struggling to cope with debt & need to take act

Debt seems to be a way of modern day life. For some things in life, such as buying a home or paying for a university education, taking on debt and paying this off in instalments may be the only way of...