Tel: 0800 157 7330 / 01257 257030 Home About Personal Debt Solutions Case Studies Downloads Contact Bankruptcy Case Study #2 Posted in: Bankruptcy 20 Feb, 2014 Posted by: radical James is 43. He is recently divorced and lives in local authority rented accommodation. He owes £64,000 in loan and credit card debt. He receives incapacity benefit and Income Support and expects to be unable to work for the next few years. Bankruptcy law will provide relief to those in otherwise unmanageable financial situations and this clearly describes James' predicament. Verdict – A sensible and positive option. Continue reading Bankruptcy Case Study #1 Posted in: Bankruptcy 20 Feb, 2014 Posted by: radical Mark and Laura are married with two children aged 16 and 10. They live in a house valued at £200,000 with a £160,000 mortgage, which has 20 years to run. They also owe around £85,000 on credit cards and loans. The loan, mortgage and credit card repayments total £1,800 per month, which is proving impossible to meet from their family monthly income of £2,400. They calculate that they currently have around £250 per month more going out than coming in.… Continue reading IVA CASE STUDY 3 Posted in: IVA Case Studies 21 Jan, 2014 Posted by: radical Tony Harris is self-employed and runs a small building business. The recent problems within the industry have resulted in fewer contracts and therefore his income has dropped and he has struggled to keep up with his credit repayments including his unsecured £15,000 business loan. Tony is married with 2 children and owns a semi-detached property worth £200,000 with an outstanding mortgage of £170,000. The bank that lent him the funds for the business loan have started court proceedings in order… Continue reading IVA CASE STUDY 2 Posted in: IVA Case Studies 21 Jan, 2014 Posted by: radical Simon Woods has recently split up from his long term partner and has moved into rented accommodation. As he now has only his salary to rely on each month, he is finding it very difficult to meet the payments on his loan and credit cards after he has paid his rent and living expenses. In recent months Simon had started missing payments and had begun to receive phone calls and letters from his creditors with the threat of legal action.… Continue reading IVA CASE STUDY 1 Posted in: IVA Case Studies 21 Jan, 2014 Posted by: radical John & Susan Jones have two children and live in their own home that they purchased two years ago. They estimate that its current value is around £175,000 and they have a mortgage with their bank for £155,000. They began to experience financial difficulties when John’s employers stopped overtime, which made a drastic reduction in his monthly salary. As a result of the fall in income, the family relied more on unsecured credit and their borrowing levels rose very quickly… Continue reading Anthony Fisher MIPA, FABRP, Gary Birchall MIPA, MABRP, Jane Hardy MIPA and Dean Smith MIPA are licensed to act as Insolvency Practitioners in the UK by the Insolvency Practitioners Association. Debtfocus Business Recovery & Insolvency Limited is registered in England & Wales Company Number 6831646. VAT Number: 905 2306 58. Privacy Policy | Complaints Policy Contact Us Address : Skull House Lane, Appley Bridge, Wigan , Lancashire, WN6 9DW Phone : 0800 157 7330 Fax : 01257 253145 enquiries@debtfocus1.co.uk Partners Copyright © 2018 Debt Focus | Powered by: Radical Web Design Cookies policy Our website uses cookies to analyse how the site is used and to ensure your experience is consistent between visits. Learn more » Accept