There is a lot of talk about debt these days, and a lot of ill-informed comment about why people get into debt. Many people that don’t have any debt seem to be very angry about anyone that does. Most people that get into debt problems are not just reckless, and some are completely blameless. Understanding [...]
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 [...]
