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Household bills have been a major problem to consumers for some time now, with soaring prices pushing many to the edge of debt. The upcoming annual rises are only going to make things worse. Two recent surveys suggest a large proportion of households are going to be in serious difficulty. What Rises Are Coming for Household Bills? A number of bills will be rising substantially in April — and a massive 73% of people s

A large proportion of small business owners are struggling to afford to run their businesses at the moment, with the  cumulative effects of the pandemic, Brexit and world events pushing costs up. However, disabled entrepreneurs have always found things harder. One issue has traditionally involved the difficulty in accessing finance. This is why it’s significant that the Government has just announced a new initiative,

Businesses haven’t had it easy over the past few years. Brexit, Covid, international crisis, inflation — they’ve all taken a chunk out of businesses, especially small ones. The recent Budget has made things even more difficult. In a recent survey, nearly a third of business said that they believe they’ll need to make redundancies next year, with a similar number expected to be forced to default on debts. What Has Cau

Of the various approaches you can take to recover money owed to you, applying for a bankruptcy against your debtor is perhaps the most extreme. While individuals who owe money they can’t repay may declare themselves bankrupt, a creditor owed more than £5,000 can also apply for a Bankruptcy Order. When to Apply for a Bankruptcy Order You can apply for a Bankruptcy Order if an individual owes you money you can

Late payments constitute one of the biggest threats to the survival of small businesses. Unlike large corporations, most small or micro businesses don’t have the reserves to manage without regular cashflow coming in, and any substantial delay in payment of the money they’re owed could potentially force their closure. Which makes the latest statistics particularly worrying. Figures show that over half of i

Business insolvency figures can provide a valuable clue as to the state of the economy, but the picture isn’t always straightforward. Over the past few years, in particular, figures have sometimes been skewed by the effects of the pandemic. Many failing businesses were artificially propped up by government support, pushing the figures up when they finally entered insolvency. The figures for July 2024 have been

The private rental sector has been volatile for some time, with changing regulations, fast-rising rents and difficulties for landlords, and that doesn’t look like ending any time soon. What with a reduction in the buy-to-let market, further increases in the cost for tenants and uncertainty over what measures the new government might bring in, the whole sector is holding its breath. A Fall in the Buy-to-Let Mark

SMEs may need to access finance for various reasons. Perhaps they have plans for growth requiring money up front, or maybe there’s a delay in their cashflow — a particular problem in recent years, as the scourge of late payments has grown worse. Recent figures, from various sources, have shown both good and bad news about financing small businesses. A Third of SMEs Need Finance to Survive The most alarming figu

If an individual or a company owes you money and shows no sign of being willing to pay, one option is to seek a County Court Judgement (CCJ) against them. This can be an effective strategy, but it doesn’t automatically ensure that the money will be paid. So what options are open to give yourself the best chance of recovering your debt through a CCJ? Applying for a County Court Judgement A CCJ provides you with

Bankruptcy is often seen as a badge of shame, a sign of failure — but is it really? The legal state of bankruptcy was actually introduced in the 19th century as a protection for debtors, who could previously have been thrown into prison until their debt was cleared. So is bankruptcy the end of the world, or should it be seen as a tool that can be used to get back on your feet when things have gone seriously wrong? Wh