Should I Include a Disaster Provision in My Will? While this might sound like a dream come true, for many in the UK, it’s now a reality. Wills Solicitor Explains the Different Types of Wills & Trust Wills, The Child Maintenance Options Service Explained, NHS Rolls Out Clinical Negligence Mediation Service, Co-op Probate Saves Client £130,000 Inheritance Tax Liability, Accidents on Aeroplanes and How to Claim Compensation. Here’s what you need to know…. My Husband Has Just Died, Do I Need Probate? For a one-off fee of £680, you can declare yourself bankrupt. A Debt Relief Order (DRO) is essentially a simpler version of bankruptcy. Suitable Alternative Employment Following Department Restructure, Back Injury Risks Caring for Patients and the Elderly. Then get some free debt advice before you make a decision. If you have missed any payments on this debt, they will also show on your credit file. The Motor Insurers Bureau and Untraced Drivers. A regular charge for handling the monthly payment and distributing it to the creditors. Legitimate Ways to Write-Off Credit Card Debt. Like with everything, there are both advantages and disadvantages to an IVA. For those in Scotland, the available solutions are different, High Court Enforcement Officers Association, Can’t afford your rent? However, any company who promises they can 'wipe out your debts' requires some investigation to understand exactly what they mean by that claim. What Can You Do if Your Spouse Will Not Co-operate? Administration and debt management plan set-up fees. That means that it could be made enforceable again if relevant documents - for example, a letter admitting the debt - were to surface. Motorbike Accident Personal Injury Claims. Find out about the different ways to deal with debts if you are falling behind with day-to-day bills, loan and credit card repayments or other financial commitments, like your rent or mortgage. Mental Health Issues in the Workplace and Disability Discrimination. How Can I Get Started With a Debt Write Off Plan? Does My Family Law Case Qualify for Legal Aid? A credit card debt write-off does not wipe out your liability for or obligation to pay that debt. Criteria, Advantages & Disadvantages of an IVA, How to Choose an IVA Company to Write Off Debt. I’m Not Married to My Partner – Should I Make a Will? Are Lifetime Gifts Subject to Inheritance Tax? In one case, a woman said she’d been told by a friend about a so-called legal loophole that meant many mortgage contracts weren’t technically valid. Declaring yourself bankrupt is where you make a legal declaration that you are unable to pay off your debts. When it comes to credit card debt, there are a number of companies that will call cardholders and those in deep credit card debt assuring them that they can wipe out the money owed to lenders using a “legal loophole.” Businesses like this claim that they can utilize portions of the Consumer Credit Act 1974, specifically sections77, 78 and 79, to wipe their credit card debt slate clean, but this is very misleading. Employee Guide to Redundancy Part 2 – Consultation and Selection, Employee Guide to Redundancy Part 1 – How Redundancy Works. No longer just an office on the high street, the CAB is a charity that gives advice and support for all kinds of problems, including debts. Should I Make a Will Before I Go Travelling? Is Probate Needed for Property Owned as Joint Tenants? Is it Worth Paying for a Professional Will Writing Service? Is Probate Needed if the Deceased was the Sole Owner of a Property? If you would like to learn more click here. Sexual Orientation Discrimination Case Settled for £30,000, Co-op 31st Most LGBT-Inclusive Employer in 2017 Stonewall Index, Solicitors Help to Write Wills to Include Gifts to Charities. These will either be the beneficiaries named in the Will, or beneficiaries determined by the Rules of Intestacy; if there is no Will. Water and Drainage Searches When Buying a Property. What Does 'Public Interest' Interpretation Decision Mean For Employees? How Does Probate Work if You Can’t Find the Will? We can help you to make the best decisions for your personal circumstances and assist you in achieving debt write off as soon as possible. Does the Seller Have to Leave the House on Completion Day? It’s a formal alternative that is used to avoid bankruptcy and can result in your debts being written off. Reducing the Risk of a Road Accident this Christmas, A Guide to Dealing with Property in Probate, DIY Lasting Power of Attorney Could Land Your Attorney in Court, How to Get through the First Christmas without the Kids, Brits Spend £1.25bn Every Year on Executing Wills, £2.25m Compensation Achieved for Brain Injury Victim. Call us for initial advice and we will help you. Can a Mixed Sex Couple Enter into a Civil Partnership? The True Expense of Not Having a Lasting Power of Attorney. Do you always struggle to pay the minimum payment? What is the Nil-Rate Band and How Does it Work? What Does the Administrator of an Estate Do? Why Does it Take Longer to Buy a Leasehold Property? What’s the Probate Limit for Premium Bonds? 5 Reasons Why You Should Make a Will in Your Twenties. Get Debts Written Off. In the vast majority of cases, the promise of getting a debt wiped or written off, is actually just a way to entice consumers in debt to contact them, which will allow them to sell a formal debt management plan.