Category: Money and Debt
“Money and Debt” articles dive into all things financial and legal, tackling the nitty-gritty of money matters and debt dilemmas. From understanding how to manage debt and dealing with creditors to knowing your rights as a consumer and navigating tricky financial contracts, these articles cover it all. Whether you’re looking for tips on consolidating debt or need advice on bankruptcy, this category has you covered with straightforward insights and practical advice to help you handle your money matters wisely.
Bankruptcy Effects and Discharge
Understanding Bankruptcy Effects Understanding Bankruptcy Effects Bankruptcy is a legal process in the UK designed to help individuals who cannot pay their debts. When you are declared bankrupt, your financial situation changes significantly, and there are important legal consequences to consider. Understanding these effects can help you make informed decisions about your future. What Does…
Dealing with Threats and Aggressive Language from Creditors
Understanding Threats, Intimidation and Aggressive Language by Creditors When dealing with debt collection, it’s important to understand what counts as threats, intimidation, and aggressive language from creditors. These behaviours go beyond firm requests for payment and can have serious effects on your wellbeing and rights. What Constitutes Threats, Intimidation, and Aggressive Language? Creditors cross the…
Bailiff Notices and First Contact: Legal Overview
What Are Bailiff Notices? When you owe money and have not paid after repeated requests, you may receive a bailiff notice. Bailiff notices are official documents sent by bailiffs – also known as enforcement agents – who are authorised to collect certain types of debts on behalf of creditors. These notices are a crucial part…
How to File for Bankruptcy in the UK: Step-by-Step Guide
What is Bankruptcy? Bankruptcy is a legal process designed to help individuals who are unable to pay their debts. If you owe more money than you can realistically repay, bankruptcy can offer a way to deal with your debts and make a fresh financial start. In the UK, bankruptcy is governed primarily by the Insolvency…
Debt Collection Scams and Fraud: Legal Overview
Understanding Debt Collection Scams and Fraud Debt collection scams and fraud involve criminals pretending to be legitimate debt collectors in order to trick people into paying money they do not actually owe. These scams are illegal and often rely on threats, intimidation, or false information to pressure victims. Unlike genuine debt collection, which must follow…
Bailiff Seizure and Sale of Goods: Legal Overview
Understanding Bailiff Seizure and Sale of Goods When you owe money and fail to pay, creditors may turn to enforcement action to recover the debt. One way this can happen is through bailiff seizure and sale of goods. In the UK, bailiffs (also known as enforcement agents) are authorised individuals who can visit your home…
How to Spot and Challenge a Mis-sold IVA in the UK
What is a Mis-sold IVA? An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to pay back your debts over a set period, usually five or six years. IVAs are legally binding and must be managed by a licensed insolvency practitioner. They can be a useful way to manage unmanageable…
How to Spot and Challenge False or Misleading Demands
Understanding False or Misleading Demands When dealing with debts, it’s important to understand what counts as a false or misleading demand. In UK law, a false or misleading demand occurs when a creditor or debt collector uses incorrect, deceptive, or exaggerated information to pressure you into paying money – often more than you actually owe…
How to Complain About Bailiffs: Your Rights and Steps
Understanding Bailiffs and Your Rights When dealing with debt collection in the UK, it’s important to understand who bailiffs are and what rights you have if they contact you. Bailiffs, also known as enforcement agents, are individuals authorised to collect certain types of debts on behalf of creditors, such as unpaid council tax, court fines,…
Can You Rent a Home If You Have an IVA in the UK?
Understanding an IVA and Renting When you’re considering renting a property while you have an Individual Voluntary Arrangement (IVA), it’s important to understand how this may affect your situation. An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you and your creditors to pay back your debts over a set period, usually five…
