Posted By: Bretts Business Recovery Ltd on 10th September 2020
An alternative to Bankruptcy, an Individual Voluntary Arrangement (IVA) is a formal and legally binding agreement between you (as a debtor) and your unsecured creditors (people you owe money to) in which you agree to pay back all or part of your...
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Posted By: Bretts Business Recovery Ltd on 3rd September 2020
Everyone dreads being unable to pay bills but for an unlucky few debt problems can become a life-consuming reality in which bankruptcy may be the best (or only) route out. Bankruptcy is a legal status that, in certain circumstances, may provide the...
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Posted By: Bretts Business Recovery Ltd on 10th March 2020
Leading UK business groups and insolvency experts yesterday advised the Government to reconsider its plans to prioritise repayments to HMRC over repayments to other creditors in insolvencies from 6 April 2020. In a joint statement distributed...
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Posted By: bretts_admin_access_account on 10th May 2013
If the official receiver considers that a bankrupt has acted dishonestly, or is blameworthy in some other way i.e. excessive gambling, they will report the facts to court and ask it to make a BRO. The court will consider this report and any other...
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Posted By: bretts_admin_access_account on 10th May 2013
A Bankruptcy Order is made by the Court either on the application of a creditor who is owed over £750 or a debtor personally. The process of requesting the Court to make someone bankrupt is referred to as petitioning the Court for a Bankruptcy...
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