When the Cost of Living Pushes You to the Edge
The rising cost of living is more than just a news headline. For many individuals and business owners across the UK, it is a very real and immediate source of stress. When every bill feels heavier and the numbers never seem to add up, it is easy to feel overwhelmed. If your financial situation is […]
Facing the Reality of Rising Insolvency in 2025
April and May 2025 painted a blunt picture: more than 10,000 people in England and Wales entered insolvency last month. That\’s a 5% rise from the same time last year. That includes 648 bankruptcies, 3,783 Debt Relief Orders (DROs), and 5,583 Individual Voluntary Arrangements (IVAs). It’s not just households. In May, 2,252 companies in England […]
Can I Be Held Personally Liable for Company Debt?
Setting up a limited company offers an important level of protection for business owners. In most cases, it means that the company itself is responsible for its debts, rather than the individual directors or shareholders. However, this protection is not absolute. If you are a director and your business is struggling financially, it is important […]
Buy Now, Pay Later Rules Are Changing
Buy Now, Pay Later (BNPL) has become a common way to manage purchases, especially online. With a few clicks, shoppers can split the cost of clothes, tech or everyday items into smaller payments. For many people, it offers flexibility and helps spread out spending. But concerns have been growing for some time. The government has […]
What Happens If I Can’t Pay My Bounce Back Loan?
When the Bounce Back Loan Scheme was introduced during the pandemic, it provided vital support to small businesses across the UK. For many owners and directors, it meant the difference between staying afloat and shutting down completely. Now, as repayments continue and trading conditions remain difficult, a growing number of business owners are facing the […]
Director Disqualification – What It Is and How to Avoid It During Insolvency
If you’re a company director and your business is facing financial trouble, the stress can be intense. On top of managing creditors, cash flow and staff, there’s the worry about personal consequences. One of the most serious risks is director disqualification. Director disqualification means you can be legally banned from acting as a director or […]
Debt Myths Busted – 5 Things People Get Wrong About Insolvency
There’s a lot of misinformation about debt and insolvency, and it stops people from getting the help they need. From the fear of losing everything to the belief that your financial life is over, the myths are everywhere. So let’s set the record straight. Myth 1: If You Go Bankrupt, You Lose Everything This is […]
How to Talk to Loved Ones About Debt Without the Shame Spiral
[vc_row type=\”in_container\” full_screen_row_position=\”middle\” column_margin=\”default\” column_direction=\”default\” column_direction_tablet=\”default\” column_direction_phone=\”default\” scene_position=\”center\” text_color=\”dark\” text_align=\”left\” row_border_radius=\”none\” row_border_radius_applies=\”bg\” overflow=\”visible\” overlay_strength=\”0.3\” gradient_direction=\”left_to_right\” shape_divider_position=\”bottom\” bg_image_animation=\”none\”][vc_column column_padding=\”no-extra-padding\” column_padding_tablet=\”inherit\” column_padding_phone=\”inherit\” column_padding_position=\”all\” column_element_spacing=\”default\” background_color_opacity=\”1\” background_hover_color_opacity=\”1\” column_shadow=\”none\” column_border_radius=\”none\” column_link_target=\”_self\” column_position=\”default\” gradient_direction=\”left_to_right\” overlay_strength=\”0.3\” width=\”1/1\” tablet_width_inherit=\”default\” tablet_text_alignment=\”default\” phone_text_alignment=\”default\” animation_type=\”default\” bg_image_animation=\”none\” border_type=\”simple\” column_border_width=\”none\” column_border_style=\”solid\”][vc_column_text]Debt doesn’t just affect your bank balance. It affects your confidence, your sleep, your relationships and your […]
Life After Debt – What Happens Once You\’re Discharged from Bankruptcy?
Bankruptcy is often portrayed as a financial dead end, but the truth is more hopeful. For many, it marks the beginning of a fresh start. Once you’re discharged, usually after 12 months, you’re no longer legally responsible for most of the debts included in your bankruptcy. But what happens next? What does life look like […]
What Is a Debt Relief Order?
When debt starts to feel unmanageable, the idea of finding a clear and affordable solution can feel out of reach. But for those on a low income with limited assets, a Debt Relief Order (DRO) might offer a way forward. It is a formal debt solution designed to help people who are unable to repay […]