Myvesta UK Articles - Articles

Holidays Abroad

no@spam.com (Jon Emge) — Thu, 02 Jul 2009 04:08:03 EDT

I was looking at the exchange rates today between the Pound and the Euro and as of the day I looked £1 was 1.17 in Euros.

Not looking good, especially if you holiday over in any EU country.

Bankruptcy and Spouses - Partners

no@spam.com (Jon Emge) — Tue, 30 Jun 2009 04:56:49 EDT

Another question I get asked a lot is if someone goes bankrupt, does it affect their partner or spouse.

If they have no joint debts or assets the stock answer is no, it does not affect them, but the reality is in some ways it does affect the partner or spouse not going bankrupt.

Death of a Pop Icon

no@spam.com (Jon Emge) — Mon, 29 Jun 2009 03:56:52 EDT

Sadly, but by now we have all heard of the untimely death of Michael Jackson.

While he led a very interesting life and career, his death also is interesting for many reasons:

What Should I Do?

no@spam.com (Jon Emge) — Thu, 25 Jun 2009 05:05:19 EDT

What Should I Do

Lately I have been speaking to people who in explaining their financial situation ask me what should they do?

I outline for them the options they have and then they ask again, what should I do? They want me to tell them what to do or which option they should take.

I cannot do this, all I can do is advise and explain what may be the stronger option(s) based on what they have stated they want to achieve; but the decision is theirs to make.

Yet, many people want someone to just say to them, do this, this is what you need to do.

An Observation

no@spam.com (Jon Emge) — Tue, 23 Jun 2009 04:27:24 EDT

I have had a few calls over the past few months where the person phoning clearly needs to go bankrupt, and they know it as well.

Most of those calls are people really just looking to me for confirmation or validation that their decision is the correct one.

IVA DMP's and New Debt

no@spam.com (Jon Emge) — Mon, 22 Jun 2009 03:30:10 EDT

One thing I have heard for years, but also more recently, is those who are in an IVA or a Debt Management Plan, and either did not include all their debts, or obtained additional credit and debt, whilst in the repayment plan.

Not a good position to be in.

So what has occurred is that now by taking on additional debt, they can no longer service the repayment scheme, IVA or DMP, they had placed the other debts in; or that they had not placed all their debt sin the scheme and now are experiencing trouble servicing it all.

So what can happen?

An Observation

no@spam.com (Jon Emge) — Thu, 18 Jun 2009 04:03:28 EDT

I have had a few calls over the past few months where the person phoning clearly needs to go bankrupt, and they know it as well.

Most of those calls are people really just looking to me for confirmation or validation that their decision is the correct one.

Bankruptcy Redundancy Windfalls

no@spam.com (Jon Emge) — Tue, 16 Jun 2009 04:00:45 EDT

Lately we have all heard about people losing their jobs and being made redundant.

Many of these people will receive a redundancy package based on the time they have been with their employer; in some instances this can be a substantial amount of money.

There are also people who will lose their jobs, receive a redundancy package and find themselves in the position of needing to go bankrupt.

There also is the scenario of someone going bankrupt who has a claim in for an accident and may receive compensation during the period of their bankruptcy.

What happens with these funds, either the redundancy package or the claim monies?

The Economy Brings Changes

no@spam.com (Jon Emge) — Sun, 14 Jun 2009 03:47:27 EDT

I read something I found sort of funny the other day that has been going on in America, and probably here as well. It was to do with people no longer able to afford their cars; this is either to the rising costs of petrol, upkeep, or the payments.

So what do they do: they burn, bury, drown or leave the car somewhere unsafe and report it as stolen.

Stress - Debt - Redundancy

no@spam.com (Jon Emge) — Thu, 11 Jun 2009 03:45:38 EDT

We all have heard about, and possibly felt, the silent pressure of stress.

I am sure we all know that stress has been around since the dawn of time; the stress of trying to find shelter and food for early man and women.

The stress of war in too many times in this planet’s history, and of course the stress of debt(s) and the possibility of losing one’s job.

It is a part of the stress that is associated with change.