We often talk about debt management around here, and how your debt should be your number one target to crush before you tackle any other financial goals. Well good news, people having to resort to bankruptcy have declined lately, showing a more responsible approach to debt and better financial management. Protected trust deeds are available to… Read more
Viewing posts tagged with: Insolvency
Is your business experiencing solvency issues?
As a business owner, you probably have had some hard times here and there, when cash-flow was stretched and the financial stability of your business would have been compromised if your customers wouldn’t have honoured their payments on time. Maybe you have even had to resort to short term business loans to make the… Read more
INFOGRAPHIC: Bankruptcy around the world – how does it work?
Sometimes, things go wrong. Businesses fail, marriages break down, bright ideas don’t pan out as expected… Emotionally, it can all be pretty traumatic, but at least there’s one thing you can be glad about these days: if your dreams come crashing down and you end up with plenty of debt and nothing to show for… Read more
Insolvency – What are Your Options?
If you’re unable to pay your debts, then, technically, you’re insolvent. But of course, you may simply be having debt problems; this is another thing altogether. Obviously, it’s important to differentiate the two, but if you’ve reached the stage of being insolvent, there are various things you can do to combat it. Perhaps the best… Read more