|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
| ............................ |
|
|
|
|
|
|
| business start ups |
|
| Five reasons why you should avoid bankruptcy |
- Loss of Assets
- Any property you own must be sold.
- Other significant assets, such as a car, must be sold.
- Lack of Control
- Once bankruptcy proceedings start, the outcome is out of your hands.
- Information is collected by the Official Receiver and the outcome is decided by the presiding magistrate on the day of the bankruptcy hearing.
- Credit Status is Very Low
- You will find it very difficult to get a mortgage.
- Or any other credit such as a card or a loan.
- Social Stigma
- Your bankruptcy is advertised in the local newspapers.
- If you are a tenant, the landlord is informed.
- Loss of Career
- There are also certain types of jobs that bankrupts find it difficult to get. These include security, law related and accountancy jobs.
- There are restrictions on owning a business or being a director
|
| To discuss ways of avoiding bankruptcy call Marriotts Debt Management team on 01277 236200 or email info@marriottsassociates.com |
|
|
Through no fault of my own, I ran into business difficulties. The stress was taking its toll on my health and on my family. I was advised to take out an IVA. Lee at Marriotts suggested an alternative plan. Twelve months on I have cleared all my debts and I have started to trade again.
Mike, Billericay |
| |
| |
| |
|
