If you search the internet on the subject of debt it won’t take long to find someone sounding off about people “ignoring their responsibilities” by declaring bankruptcies and a lot of useless advise about living within your means (this is useless because it’s too late). If you are in a debt crisis situation you [...]
I saw this question posted on Yahoo! and the misunderstanding that is obvious from the question and the answers that were posted meant that I had to write this post.
In the UK there is almost never any need for the removal or sale of a person’s goods as a result of bankruptcy. You must remember that [...]
Continue reading about What Can Bailiffs Take if I am Declared Bankrupt?
A condition of bankruptcy in the UK is that all the bankrupts major assets (including their home if they own it) need to be sold to provide funds to pay some money to their creditors. This applies even if the bankrupt shares ownership of their home with a partner. If nothing is done the administrators of [...]
