Understanding Creditors Voluntary Liquidations (CVL’s)

Understanding Creditors Voluntary Liquidations (CVL’s)

1. What is a Creditors Voluntary Liquidation? A Creditors Voluntary Liquidation is the formal process an insolvent company is closed. This process is carried out by a Licensed Insolvency Practitioner in an official and professional manner. The CVL will bring an end to...
Limited Company Debt Advice Taunton Somerset

Limited Company Debt Advice Taunton Somerset

  Limited Company Debt Advice Taunton Somerset As a licensed Insolvency Practitioner, I provide Limited Company debt advice throughout the UK. However, one question I get asked regularly is “Is it best to use a national firm or a local practitioner for my company...
Consumer spending underpinned by debt!

Consumer spending underpinned by debt!

According to Mark Carney, the Governor of the Bank of England, there are concerns that consumer spending is being underpinned by debt. Whilst the economy has done much better then many predicted over the last year since the referendum to leave the EU, there are...
Identity fraud is on the rise!

Identity fraud is on the rise!

According to CIFAS, a charity that focuses on preventing financial crime more and more people are being affected by identity fraud According to their research, the majority of identity fraud cases happen when the criminal pretends to be the victim and buys products or...
Surprise fall of inflation to 0.9%

Surprise fall of inflation to 0.9%

The UK’s inflation rate has surprised experts by falling in October. Experts were expecting a modest increase in inflation which has been following an upward trend recently. The surprising news comes amid widespread warnings that the UK is heading for a major jump in...
Children’s mental health affected by debt

Children’s mental health affected by debt

Children are at a greater risk of poor metal health in households in debt. A recent study conducted by The Children’s Society estimates that there are 2.4 million children living in households with debt problems in England and Wales. There were a wide range of effects...
Credit Card spending grows at fastest pace since 2008!

Credit Card spending grows at fastest pace since 2008!

The Bank of England has stated that families used credit cards more last month than at anytime since the 2008 financial crash. Although we are barely in the lead up to Christmas, it is believed that families have already been taking advantage of low interest rates to...
Household debt rises above £1.5 trillion in the UK

Household debt rises above £1.5 trillion in the UK

The current average that each UK adults now owes is £30,000 , mostly in mortgages but also in loans and credit cards. The Bank of England’s figures show that total household debt is now above £1.5 trillion. That is a £50 billion increase from last year. There is...