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There are good debts and there are bad debts. When you take out a loan for a business that earns you more than what you are paying in interest, that is considered as a good loan. On the other hand, credit card loans that have accumulated due to wanton spending is considered a bad loan because there is no corresponding source of funds for its interest repayment. If you have too much of these bad loans, your financial situation is not likely...more
Bankruptcy means that all your debts (subject to a very few minor exceptions) are written off on the instant you are made bankrupt. If you have disposable income you may be required to pay this to the Official Receiver for a maximum of three years. However as part of what we do we configure your disposable income to reduce as much as possible the potential of having to make income payments. You will generally be discharged from bankruptcy in a year or less.What we can do for you if you have debts and in Leicester By: Steve Thatcher About the Author Contact Steve Thatcher a qualified solicitor with Help With Debt (UK) Limited the total debt solutions company. For all further reading see http://www.helpwithdebtuk.comFor personal contact, email sthatcher@helpwithdebtuk.com. If you have any debt problem whatsover either personal or corporate make Steve your first call on 0808 160 5577. All telephone advice is free. (ArticlesBase SC #3480691) Article Source: http://www.articlesbase.com/ - What we can do for you if you have debts and in Leicester more
So there are things that can be done. If you feel we have the solution, whether it be IVA, or debt management or bankruptcy call us free on 0808 160 5577.Getting out of debt in Birmingham using Help With Debt UK By: Steve Thatcher About the Author Contact Steve Thatcher a qualified solicitor with Help With Debt (UK) Limited the total debt solutions company. For all further reading see http://www.helpwithdebtuk.comFor personal contact, email sthatcher@helpwithdebtuk.com. If you have any debt problem whatsover either personal or corporate make Steve your first call on 0808 160 5577. All telephone advice is free. (ArticlesBase SC #3480956) Article Source: http://www.articlesbase.com/ - Getting out of debt in Birmingham using Help With Debt UK more
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