Bankruptcy

Recent Survey Reveals Public Thoughts Regarding Bankruptcy

The Association of Business Recovery Professionals referred to as R3, recently conducted a public survey regarding bankruptcy. Responses revealed the opinion that individuals in bankruptcy are being freed from debt too easily. The public seems to have little sympathy for people in serious debt due to the opinion that poor financial decisions are the cause … Read more

An Introduction To Low-Income Low Asset Bankruptcy LILA

LILA is one of the bankruptcy qualifiers in Scotland. It is designed for Scottish residents who are not homeowners and have a low income and personal possessions valued at less than £10,000, with no asset valued at more than £1,000 (aside from a vehicle, which may have a value of up to £3,000). You are … Read more