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Bankruptcy

Bankruptcy Annulment

I have been informed by the Official Receiver’s Office that I’ve been made bankrupt.  I owe money to some creditors but didn’t know I was under threat of bankruptcy. What can I do? You may be able to apply to the court to annul the bankruptcy order. The Official Receiver can provide copies...

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US Law

Bankruptcy – What you need to Consider

Bankruptcy is often portrayed as a bad thing. Actually, it’s your chance to get a fresh start. Your financial troubles may have been caused by an illness or other medical emergency, by the loss of your job, by recession or just bad decisions. However, there is a way for you to take care of the...

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Bankruptcy

Enforcing a Judgment Debt After Six Years

Can a judgment debt be enforced after 6 years? It appears so, in some cases…. The normal guidance is that money judgments need to be enforced within six years of being awarded. Does this mean that there is no further action that the judgment creditor can take to enforce it beyond that time...

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Bankruptcy

A small glossary for Bankruptcy

Here’s a quick rundown of some of the words you’ll come across when it comes to Bankruptcy. Some of these words are only ever used in legal documents and solicitor’s offices (some, quite frankly, sound a bit medical). Creditors A person or firm you owe money to. Unsecured debts Someone loaned ...

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