When a company finds itself in financial distress, it will likely consider enlisting the help of an insolvency practitioner. These can help organisations manage their current situation and provide a realistic route to get out of it. As a business owner, it is important that you fully understand what an Insolvency Practitioner can offer your [...]
When you have debts and creditors are knocking on your door, it’s very tempting to try and make debt management arrangements directly with your creditors. In cases where the debt is quite small, and it’s just one creditor, entering into an informal debt arrangement, if the creditor is agreeable, could be worked out for you. [...]
Declaring personal bankruptcy or insolvency is usually the last resort for many struggling with debt. Before you go down this route, it is a good idea to understand the costs involved. Although it is an option for resolving debt issues, you will need to have sufficient funds to apply for bankruptcy and the hiring of [...]
