A worry for many people going bankrupt is whether their spouse will be affected?
My answer to that question is: did your spouse sign on any of your debts?
If the answer is yes, then the answer to the original question is that your spouse will be affected.
Many people assume debts are 50-50, that is, they are [...]
I just met someone whose income fluctuates from summer to winter. In the summer, there is a large amount of income, but in the winter it drops to about half the amount.
The calculation of surplus income (see the www.hoyes.com website for information on surplus income)means the payments are high in the summer but lower in [...]
You are in financial trouble and now you find out it will cost money to go bankruptcy. How do you find out how much it will cost you?
Very often trustees will quote a monthly fee. This fee is usually a base fee that will cover the minimum costs of administrating a file. This can be [...]
