Tony Casey is a director of J Casey & Co, insolvency practitioners. JCasey & Co Ltd, Forum House, Stirling Road, Chichester, West Sussex, PO19 7DN, telephone: 0845 4917993, Fax: 01243 528501,
Debt Management Plans A Debt Management Plan is an informal arrangement with creditors where creditors will agree to accept a reduced monthly payment. They will do this for a period of time where financial hardship, which makes it impossible to meet agreed monthly payments, can be shown."On entering a DMP you will be required to make one monthly payment to the administrator of the plan. This payment will then be...... Similar Editorial : by Greg Smith. | Source : Debt Free Solution
Bankruptcy Orders A Bankruptcy order may be made against you by the Court following the filing of a Bankruptcy petition. This petition may be filed by any creditor owed more than ?750 (a Creditor's petition) or alternatively you yourself may ask the Court to make a Bankruptcy order against you (a Debtor's petition).Once a Bankruptcy order is made you will lose control of your assets, which (subject to certain...... Similar Editorial : by John Harris. | Source : The District
