RUNCORN, England — To promote financial education and provide a resource for individuals seeking answers to bankruptcy related questions, Myvesta UK, a financial crisis centre, has made available an online video series featuring questions and answers on the process of bankruptcy, it's effects on debtors and what it means to go bankrupt. The series also provides information on formal alternatives to bankruptcy such as the IVA (Individual Voluntary Arrangement). Myvesta UK's "Bankruptcy Q & A", available at Myvesta.org.uk, offers more than 40 questions, which are answered by a Senior Insolvency Practitioner.
"Many people facing debt problems make a decision or follow a path that may not be right for them without learning everything they can about all the options available," said Steve Rhode, chairman of Myvesta UK. "Our goal at Myvesta is to provide consumers with the most comprehensive assistance available and our new Bankruptcy Q & A video series offers a valuable resource for those in debt to learn more about what bankruptcy is, and how it works."
Myvesta UK's bankruptcy video segments are separated by individual questions allowing people to choose which questions apply to their situation and get an immediate answer.
Some of the questions answered in the Bankruptcy Q & A video series include:
- How Much Does It Cost To Go Bankrupt?
- What Are Some Of The Downsides To Bankruptcy?
- What Debts Can't Be Included In Bankruptcy?
- Will I Be Able To Get Credit Again If I Go Bankrupt?
- What Is An Individual Voluntary Arrangement?
"Consumers frequently face a daunting task when trying to find solutions to their money problems and often don't know where to turn to learn more about their options," Mr Rhode said. "With the knowledge provided in our new bankruptcy video series individuals will now be able to make a more informed decision about which solution is right for them."
To access Myvesta UK's free Bankruptcy Q & A video series, or to learn about more options available when facing debt problems, visit Myvesta.org.uk online.
