Many people think you cannot have a bank account if you go bankrupt. Find out if this is fact or fiction in this video from Myvesta's Interview with the Insolvency Service.
In an effort to remain in their home, some people choose to sell their house then pay rent to live in it. This video from Myvesta's Interview with the Insolvency Service discusses if that is allowed in bankruptcy.
If you go bankrupt you will not be able to use any of your credit cards any longer. This video discusses if you will be able to have access to a prepaid credit card whilst bankrupt.
After you have been discharged from bankruptcy it may still be necessary to change the amount you pay in an income payments agreement. Watch this video to learn if the official receiver or trustee can do that after your discharge.
We often hear how there is a great problem with credit in the UK because of a vast number of personal insolvencies, but is this true? The video talks about the current credit system in the UK and the number of people who are insolvent.
Some individuals think they never get a fair chance to repay what they owe, but where does the Insolvency Service stand on this issue? Watch this video to learn more.
Some creditors will not participate in an Individual Voluntary Arrangement. Find out what position the Insolvency Service takes on this issue by watching this video.
In a consumer driven society a certain number if individuals will always be overindebted. This video from Myvesta's Interview with The Insolvency Service addresses the issues of debt in modern society.
In an attempt to resolve their debt situation without going bankrupt, many individuals enter into a debt management plan. But despite their best efforts some of those people ultimately end up going bankrupt anyway. This video discusses how The Insolvency Service views people who enter into a DMP then go bankrupt.
An Income Payments Agreement, or IPA, is an order that states an individual who goes bankrupt will make payments into the bankruptcy estate. This video from Myvesta's Interview with The Insolvency Service discusses when an IPA is issued.
We often hear how there is a great problem with credit in the UK because of a vast number of personal insolvencies, but is this true? This video talks about the current credit system in the UK and the number of people who are insolvent.
If you have received an income payments order or income payments agreement there are a variety of ways to make your payments. This video discusses your options.
If you are issued an Income Payments Agreement or an Income Payments Order, how long will they last? In this video The Insolvency Service answers that question.