bankruptcy

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Consequences of Bankruptcy (And How to Manage Them)

While bankruptcy can provide relief from overwhelming debt, the consequences of bankruptcy can be far-reaching. Learn more and find out how to manage them

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Topics: Bankruptcy, Budgeting, Personal Debt, debt, personal finance, budgeting calculator, credit score, Debt Management, advice, financial recovery, bankruptcy laws

6 Ways to Deal With Out-of-Control Debts

Struggling to pay your bills or make loan/credit card repayments is a scary position to be in, especially if you have a family relying on you. The worst thing you can do in this situation is ignore it and hope it will go away – this will only make things worse. Instead, you need to take action now.

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Topics: Bankruptcy, Personal Insolvency, Debt Agreements, Debt Consolidation, Personal Debt, Debt Management Solutions

The Effects of Personal Insolvency on Your Credit Score

If you have unmanageable debt and your weekly income doesn’t cover your day-to-day living expenses, you might be facing personal insolvency. Personal Insolvency is defined as a situation where you are unable to pay your debts when they fall due.

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Topics: Bankruptcy, Personal Insolvency, Personal Debt

Get Out of Debt Without Declaring Bankruptcy

You can get out of debt without declaring bankruptcy. Sometimes debt can become overwhelming, whether your circumstances have changed or you have taken on too many financial commitments.

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Topics: Bankruptcy, Debt Agreements, Personal Debt, Debt Management Solutions

Keep Trading as a Sole Trader if you are Bankrupt

After years of working to build your business from the ground up, the thought of losing it all because your personal finances are dire is a nightmare. It is still possible to keep trading as a sole trader if you are bankrupt or personally insolvent.

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Topics: Bankruptcy, Director Advice, Business Debt