Beatmydebt

New proposals could reduce the cost of declaring yourself bankrupt

The Business minister Edward Davey MP has announced proposals – called Reform of the Process to Apply for Bankruptcy - which aim to save time and money when it comes to “simpler” bankruptcy cases. Davey believes the plans could save taxpayers millions of... Read >

How to choose the right debt management company

There are many different debt management companies. We suggest the things you should consider when choosing which one to help you solve your debt problems. When looking for advice for solving a debt problem many people will first turn to the internet. ... Read >

I am in a debt management plan and have been made redundant – what can I do?

With the possibility of wages being reduced and jobs being lost as a result of the government cuts, many thousands of people are at risk of no longer being able to afford their debt management plan payments. We consider what action can be taken. One of... Read >

How do I go bankrupt?

We consider what you have to do if you want to go bankrupt. Going bankrupt, also known as declaring yourself bankrupt is not something that you should decide to do unless you really understand the consequences and have considered the alternatives.  You... Read >

What happens if my income changes while bankrupt?

We look at the implications if your income changes while you are bankrupt. If you have declared yourself bankrupt the official receiver will have reviewed your income and expenditure to establish whether you have a surplus income which should be paid tow... Read >

Important bankruptcy questions answered

If you are looking at the option of bankruptcy to deal with your debt problem we answer more of the questions that you may have. Bankruptcy sounds like a very scary process to go through. It is true that a decision to declare yourself bankrupt should n... Read >

What does bankruptcy cost?

We consider the cost of going bankrupt and understand how these costs can be paid. If you are thinking about bankruptcy one thing you will need to understand is the cost involved and how to pay this. When you apply for bankruptcy at your local court... Read >

The top bankruptcy myths answered

We consider some of the key myths that surround declaring yourself bankrupt and find out whether there is any truth in them. Strange as it may sound, declaring yourself bankrupt could be one of the best ways to get out of debt that you simply cannot re... Read >

Bankruptcy advice and help going bankrupt

We provide some simple bankruptcy advice and help if you are thinking about declaring yourself bankrupt. If you hear or see the word bankruptcy it is normally enough to send waves of panic through your whole body. This is because if someone suggest... Read >

How can an IVA be used to avoid bankruptcy?

We consider whether individual voluntary arrangements can be used to avoid going bankrupt and what you need to consider before using an IVA service. If you have debts that you simply cannot repay you may be considering declaring yourself bankrupt. ... Read >

What does a debt management plan cost?

We ask what costs are involved in setting up a debt management plan and whether there are alternatives to paying these costs. If you are thinking about using a debt management plan (DMP) to solve your debt problem then an important factor to consider i... Read >

What happens if my IVA fails?

We consider what will happen if you cannot pay your IVA and ways to avoid IVA failure. Individual voluntary arrangements (IVA) can be used to great advantage when dealing with a personal debt problem. By getting IVA advice and carrying out an IVA it... Read >

Should I do an IVA?

We find out more about the IVA debt solution and ask whether it is suitable for you. An IVA (individual voluntary arrangement) is a formal legally binding debt solution which can be used to write off debt which you cannot afford to repay. IVAs are p... Read >

What does an IVA cost?

We consider the cost of doing an individual voluntary arrangement and how these costs are paid. The first thing to understand about individual voluntary arrangements is that the costs involved with providing the IVA service are included within your mon... Read >

The top 5 IVA myths answered

We consider some of the key myths that surround the IVA debt solution and find out whether there is any truth behind them. If you are trying to decide how to solve a personal debt problem, one of the debt management solutions you are likely to consider... Read >