Pros and Cons of Bankruptcy: Is it the Right Choice for You?

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People facing debt: Could you write off some debt? Get started here: moneynerd.co.uk/get-debt-opti...
Read more about Bankruptcy here: moneynerd.co.uk/bankruptcy/
The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

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Опубликовано:

18 апр 2023

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Комментарии : 4

@MoneyNerd 10 месяцев назад

If you need legal advice about your debt, here's the link to the trial for the online solicitor: justanswer.9pctbx.net/c/2873512/1147978/9320?sharedid=youtube-debt

@alfiethefeline3311 3 месяца назад

well IVA has 6 years record too, plus yo pay alot of money back, dont understand why not bankcruptcy is better then iva

@inquisitive1911 4 месяца назад

So, if not in the red for any bill at all, but the person has been the victim of a tradesman scam, and court fees are £50K, but the person who has been scammed has got enough equity in their sole residential home to cover the £50K, but no other assets, would they be forced to sell their home (Scotland) if they applied themselves for bankrupty (sequestration)? A decree is in process of going on to their credit file. They have already got moratorium which does not seem to do any damage?? ... but rather is helpful as it gives breathing space for 6 months to sort out their bills. Thank you.