Having a huge credit card debt is not odd today as a large number of individuals are actually liable for a credit card debt of nearly $10,000 on an average. Such balances and high interest rates are soon turning into an economic mess and people are resorting to counseling, and credit card debt management services [...]
As the name suggests, bad debt management refers to exactly what it implies. Though this was not as prevalent in earlier days, taking credit has always been a norm. In earlier times, people would take loans from private creditors and rich individuals to make ends meet. Very often, they never managed to pay back in [...]
With stricter lending conditions and banks reluctant to let us borrow money, many people are in desperate need of some debt advice that can alleviate their debt management issues.
Professional solutions
Professional debt solutions such as Individual Voluntary Arrangements
(IVAs), Debt Management Plans (DMPs) and Trust Deeds do not involve
borrowing more money and do not require you to [...]
Liquidation
There are 3 types of liquidation
(i) Members Voluntary Liquidation
A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.
Solvent, what does this mean?A company is capable of paying its liabilities in full plus statutory interest plus the costs involved in winding up, within 12 [...]
