Is bankruptcy common knowledge?
Bankruptcy is arguably a rather odd situation in that it is, in principle, public knowledge. In practice, however, it’s highly unlikely that anyone you know personally will find out unless you choose to tell them. Your existing creditors, however, will have to be told and, going forward, some service providers will either be told or […]
What I\’d tell my younger self about Debt
We live and learn and some of us have to learn our lessons about debt through personal experience. The one major benefit of this is that we can pass on what we’ve learned to other people so that hopefully they can live their lives without ever being ensnared in problem debt. With that in mind, […]
Why are so many people becoming insolvent?
A look at the insolvency statistics over the last 10 years, shows that both 2009 and 2010 had very high levels of insolvencies, which is hardly a surprise given that they followed 2008. After this, however, the number of insolvencies fell each year until 2015, after which it began to climb again. The jumps between […]
Should you choose bankruptcy?
If you’re losing sleep over money worries then you need to take action for the sake of your long-term health as well as the long-term wealth you could potentially have if you take action to resolve the problem. While you need to pull your head out of the sand quickly and make a commitment to […]
The secret burden of bankruptcy & debt
Although “debtors’ prisons” are now very much a thing of the past, debt can still be a nasty trap for the unwary and those who are already in a difficult financial place are, of course, likely to be the most vulnerable. As any parent will know, children are expensive and the younger they are, the […]
3 steps to repairing your credit after bankruptcy
The actual process of going bankrupt may turn out to be a whole lot less painful than you thought it was going to be. That’s the good news. The bad news is that after you are discharged from bankruptcy, you still face the long, hard, slog to restore your credit rating. The good news is […]
How to repair your credit rating after bankruptcy
Bankruptcy will destroy your credit rating and frankly there is nothing you can do about this. What you can do, however, is work to rebuild it as soon as you can. Here is some guidance as to how to go about this. Check your credit files immediately after you go bankrupt and correct any errors […]
Repairing your credit rating after bankruptcy
The day you are discharged from bankruptcy can be a very happy moment and it’s certainly reasonable to enjoy it and maybe even have a little celebration. You do, however, have to accept that it is only the first step in the “journey of a thousand miles” back from bankruptcy. Here is a brief guide […]
Famous names we said goodbye to in 2018
As any given year draws to a close, it’s traditional for there to be articles reviewing it and, in particular, paying tribute to those we’ve lost during that past year, so, in keeping with this tradition, here is a quick round-up of some famous brand names which disappeared during 2018 and some thoughts on what […]
Starting a business after bankruptcy
