• Voluntary Liquidation
• Creditors Voluntary Liquidation
• Company Liquidation
• Business Debt
• Personal Debt
• Business Bankruptcy
• Business Insolvency
• Sole Trader Insolvency
• Avoid Bankruptcy
• Company Voluntary Arrangements
• Tax Arrears
• Partnerships
• Administration

News

February 2009

Directors Disqualification

The Insolvency Service has revealed that in 2007 – 2008, 1145 directors were disqualified. They reveal that the type of conduct that could lead to disqualification included:-

• failure to keep proper accounting records
• failure to submit tax returns or pay monies over to the Crown when due
• continuing to trade to the detriment of creditors at a time when the company was insolvent.

House Repossessions

A report from the FSA has revealed that the number of home repossessions in the third quarter of 2008 was up 92% on the same figure last year to over 13,000. This figure is set to rise in the short term. The Government is introducing measures to help householders in trouble. The Council of Mortgage Lenders is predicting a rise in the number of households more that three months in arrears with repayments to 500,000 households.

Need Debt Advice?

Just-Debts is the one stop web site for people with debt problems. Whether you have debt problems, are currently in debt management and looking for an alternative, considering debt consolidation, or an Individual Voluntary Arrangement. Take advantage of our free consultation service.