Think of money lenders, and the first name that comes to mind is that of Shylock, the Jewish money lender in Shakespeare’s popular drama, The Merchant of Venice. Shakespeare’s money lender played along with the stereotype prevalent at the time that money lenders were mean and inhumane people, landing up at the most inopportune times like leeches to suck out the money of the unfortunate borrowers.
How To Survive Liquidation
The present downturn in the economy has made big and small businesses experience financial difficulties. Insurmountable difficulties that are mainly due to enormous debts have caused many businesses to close shop. Understanding the causes of business failures can save the company from possible liquidation. Business liquidation is often referred to as winding up or dissolution. It is the sad end of a company.
Debt Management Companies A Solution To Insolvency
Insolvency is a nightmare no business owner would ever want to have. Every businessman wants the venture to grow, to expand, to succeed and ultimately to earn bigger profits. But not all business hopefuls are blessed with the good fortune to have stable, income generating business ventures. Many businesses are added to the insolvent and bankrupt statistics everyday.
Choosing Secured And Unsecured Loans
Loans are often a headache. Yet, in today’s world, most of us take on some loan or the other. The rise in the popularity of loans and the ease with which they can be acquired has eased the lives of borrowers everywhere. Thus, many of us look to loans at the very start when we are faced with medical bills and school fees, as well as house and car buying. Loans — both secured and unsecured — have made it much easier for us to acquire many necessities and luxuries that might o…
Company Voluntary Arrangement 101
It is not uncommon to see businesses and companies close shop. There is no surefire formula to keep any business from floundering. Poor management and negative cash flow problems that can cause a business to experience financial difficulties can be easily dealt with. However, events such as natural calamities and a slump in the market are beyond the capacity of any business owner to overcome.
Business Bankruptcy
Insolvency of companies can brought about by huge debts, mismanagement and current economic trends. This is the underlying rationale for applying for business bankruptcy.
Causes Of Business Insolvency
It is a known fact that only about 50% of small businesses continue to exist after about three years from being formed. There are many reasons for this occurrence but the foremost explanation is business failure. Business failure does not happen only to small start-ups but also to big businesses that have been set up for quite some time and have experienced a moderate measure of success.
How Can I Get Out Of Debt?
More often than not, when people take out credit, they believe they are in a good financial position to keep up the monthly repayments on their borrowings, but what happens when something goes wrong and we find ourselves in a difficult debt situation?
Bankruptcy Not For The Faint Hearted
Inability or impairment of ability of individuals or organisations to pay off their creditors is known as bankruptcy. Normally individuals and business establishments initiate the process of bankruptcy but sometimes a group of creditors can ask for a declared state of bankruptcy in order to recover money owed to them.
The law of bankruptcy serves the primary purpose of giving a second chance to the honest debtors by relieving them from most of the debts and to enable the d…
IVA’s Protecting the Consumer
As companies who offer IVA’s has grown, concern that whether or not people are being offered the right debt solution has also grown. A protocol is being put in place to protect the consumer as well as the creditor to ensure Individual Voluntary Arrangements are being offered as a viable solution.
IVA (Individual Voluntary Arrangements) – Alternative To Bankruptcy!
Mounting debts need no more be a cause of worry for you anymore as there are various alternatives available in the loan market. Now, you no more have to juggle with multiple payments. Opt for a debt solution right away. Being a resident of UK, holds you in good stead as you can easily opt for an IVA.
Debt Solutions – Consider the Options
People get into debt for many different reasons, this could include job loss, divorce, over commitment on spending or even a new baby, whatever the reason, there are various solutions available to resolve a debt problem.