When confronted with enormous financial debt worries it’s easy for the solitary borrower to neglect the effect of non-payment or late settlement on creditors. The financial institution is frequently considered as the big bad wolf and not worthy of any sort of sympathy from the beleaguered person in debt. The reality is that creditors have a vested interest in the fundamental alternatives that the borrower takes in order to resolve debt matters. Financial institutions can be helpful and amenable especially when the consumer spots and confronts debt difficulties at an early stage with a view to remedying them to everybody’s satisfaction. What are the choices for the borrower? Continue reading
Insolvency Practitioner
McCambridge Duffy have several highly regulated Insolvency Practitioners in house
What Is The Cost Of An Individual Voluntary Arrangement
If you are insolvent and are considering entering into an IVA you may be worried about whether or not you can afford the fees involved with the process. This is understandable but it should not really be a concern. If the insolvency firm you are using for your IVA is any good at all then they should put this concern to bed quickly and assuredly. Continue reading
Choosing What Bills Are The Most Important To Pay First
People have to live so in assessing which bills to pay first, one must consider the essentials of life – food and shelter.
Making sure you pay your priority debts comes before all your other debt payments and is regardless of whether you are getting pressure from your creditors. Your priority debts are paying for somewhere to live, food and drink, clothing and heat & light, your main necessities. Priority debts may also include your mortgage. So then you must aim to pay these bills first – the mortgage / rent, utility bills including heat, light and water, and of course food, drink and clothing. Even in a situation where there is insufficient income or money to pay all of the bills, these essentials of life must command the most attention from us or day to day living will become impossible. Continue reading