by Paul Brindley | Apr 10, 2023 | Advice to Directors, Personal Debt
A personal guarantee is a legally binding agreement that an individual (you as guarantor) will be responsible for the repayment of a debt, should the debtor (usually a business) fail to do so. It is often required by lenders such as banks to provide additional...
by Paul Brindley | Feb 23, 2023 | Advice to Directors, Alternatives to formal insolvency, Ethics & Regulation, Personal Debt
Statements of Insolvency Practice (SIP) are a set of guidelines issued by the Joint Insolvency Committee (JIC), which is made up of representatives from the Insolvency Service, the Institute of Chartered Accountants in England and Wales (ICAEW), the Insolvency...
by Paul Brindley | Feb 5, 2021 | Ethics & Regulation, Personal Debt
It’s been a long time coming… Anyone who knows me well knows how I hate IVAs with a passion, how I think they are an abused process, how I think IVA providers have dragged the reputation of the insolvency profession into the gutter by sending people down...
by Paul Brindley | Jan 10, 2021 | Personal Debt
The Debt Respite Scheme (Breathing Space) will give someone in problem debt the right to legal protections from their creditors. It comes into force on 4 May 2021. If you owe money that you can’t repay you need to read the guidance the government has given to...
