Bankruptcy Articles

A Bankruptcy Restriction Order or BRO, is a court order made against a bankrupt once a court has decided that the bankrupt's conduct has been culpable or dishonest. When a court imposes a Bankruptcy Restriction Order (BRO) it will subject the debtor to certain restrictions for a set period of between 2 and 15 years.… Read more

An Attachment of Earnings Order is a payment order set by a judge at the County Court. It can only be issued if you are employed and owe more than £50 to your creditors. The Attachment of Earnings Order lasts until the debt is satisfied in full.… Read more

The Enterprise Act 2002 came into force on the 1 April 2004. It considerably changed English Insolvency Law.… Read more

The definition of the term "Discharged from Bankruptcy" according to the financial dictionary is "The termination of bankruptcy proceedings, resulting in cancellation of the debtor's obligations".… Read more

A Bankruptcy Order is an order issued by a County Court, or a High Court, as a result of a petition for bankruptcy by either a creditor or a debtor in order to declare an individual bankrupt.… Read more

The Official Receiver, sometimes abbreviated to OR, is an officer of the Insolvency Service.… Read more

Anybody with a serious debt problem should be asking themselves this question. Making an informed decision is getting more difficult due to the availability of ever growing levels of information, some good and some bad. The first point to make is that every decision will vary depending on the circumstances of each case; therefore understanding your circumstances will affect the decision you will make.… Read more

A new study by the Consumer Credit Counselling Service (CCCS) suggests that thousands of women are reluctant to declare themselves bankrupt because of the social stigma attached to it.… Read more

We’ve had a bit of fun at My IVA Adviser trying to think of all the ways that "bankruptcy" is misspelled when people type it into the search engines. Here’s our list. If you think we’ve missed any, leave us a comment:… Read more

Do you live in Manchester?  Have you got a large personal debt problem?  Are you considering bankruptcy? If you live in Manchester and are searching for a debt solution to address your debt problem then My IVA Adviser can give you the help and advice you need. Its fair to say that the number of people with a serious debt problem in the United Kingdom is increasing each day, with more and more people searching for a permanent solution to help them tackle their debt problem.… Read more