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 […]
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 […]
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 […]
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 […]
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 Are Creditors’ Rights During an Insolvency?
Insolvency can be a stressful time for everyone involved. It’s not just challenging for the individual or business facing financial difficulties; creditors owed money often have many questions too. What happens to the debt? Will I get any money back? Do I have a say? Understanding your rights as a creditor can help you make […]
Is Your Business Heading Towards Insolvency? 3 Key Tests to Watch Out For
Even if your business seems to be ticking along nicely, it pays to stay vigilant. Financial trouble rarely appears overnight – it builds slowly, often hidden behind day-to-day pressures and short-term solutions. The earlier you spot the warning signs, the more options you’ll have to turn things around. At Adcroft Hilton, we work with business […]
How Changes to Disability Benefits Could Impact Financial Stability
The UK’s welfare system is set for significant changes, with potential reforms that could see a million individuals lose their benefits. This shift comes at a time when the number of people claiming disability benefits – particularly for mental health conditions – has risen sharply since the pandemic. For those already struggling financially, the impact […]
Understanding Bankruptcy Restrictions Orders (BRO): What You Need to Know
Bankruptcy offers a fresh start for those overwhelmed by debt, but it also comes with responsibilities and restrictions to help ensure debts are managed transparently. However, if these obligations are not followed, the court may issue a Bankruptcy Restrictions Order (BRO), extending restrictions and limiting financial freedom even after bankruptcy discharge. Here’s a look at […]
Shareholder Agreements in Insolvency: Protecting Interests in Difficult Times
When financial difficulties arise, a well-crafted shareholder agreement can play a crucial role in safeguarding the rights and interests of shareholders. While not legally required, these agreements outline shareholder rights, duties, and dispute-resolution processes, acting as a private contract that supplements the company\’s articles of association. Importantly, they can offer guidance on how to proceed […]