http://www.tenable-solutions.co.uk/ Tenable Solutions Total Business Recovery & Turnaround Expert Help When You Need It Most We are dedicated to help businesses throughout the UK, to deal with and move on from situations in which they may face financial difficulties. No one likes to think about the possibility of things going wrong, if and when the worst does happen, it`s reassuring to know that Tenable Solutions with its team of professionals are perfectly qualified to help you get through it. Our team has a unique combination of commitment, professionalism, expertise and attention to detail and are only interested in you and your needs, not that of your creditors. This means we can deliver a solution that will always be best suited to your specific needs and circumstances. When you are under growing pressure from the Banks, HMRC, (Tax or Vat issues)Creditors and possible house repossession, it can sometimes seem as if there is no way out. However, Tenable Solutions can show you many practical alternatives and options by drawing on our unrivalled knowledge and experience, carefully co-ordinating each separate element to deliver a fully integrated, timely and above all, effective solution. There is very little help out there for businesses; Accountants and Solicitors often do not understand your needs and indeed in some cases, “company law”, so invariably you get steered down the unnecessary path of Insolvency. We at Tenable Solutions are committed to working in your interests and no one elses, to protect your assets and minimize your liabilities. We have a network of professional lawyers, barristers, Insolvency Practitioners, Accountants, High Court Sheriffs and business angels that assist us in orchestrating the best possible course of action. By drawing on our unrivalled knowledge and experience, you will find that a problem shared is often a problem solved and those continuing sleepless nights will go away. As many of our clients have found, with Tenable Solutions on their side, not only has their business fully recovered but subsequently gone on to enjoy sustained success. We very much welcome the opportunity to assist and play a part in helping achieve the same for you. Call now 0800 4 96 95 94 You Call Today, We Act Today, The Worry Stops Today. a23xuhf961a3uxdvug2y http://www.tenable-solutions.co.uk/hmrc-time-to-pay.html HMRC-Time to Pay From the 1st January 2011 HMRC are no longer accepting ttp (time to Play) Plans. If you have a business in which you owe HMRC Vat Or Tax debts, then you have to deal with the issue as quick as you can. Last year you could do a time to pay deal with HMRC, in other words if you could not pay your debts to HMRC in one lump sum, you could enter into an agreement to pay in installments. This is no longer the case. If you do not deal with the issue then HMRC will send in a Revenue Bailff and distrain on your goods/assets. If no goods/assets can be removed from the business then HMRC will issue a bankruptcy petition or in a winding up petition if you trade as a limited company. YOU MUST ACT FAST. Contact us now for a FREE inital evalution of your problems. tele 0800 4 969594 fn7ycp59upytcpc7s8t8 http://www.tenable-solutions.co.uk/lpa-receiver.html Lpa Receiver Definition The name LPA Receiver is the shortened version of “Law of Property Act 1925 Receiver”. The LPA Receiver is a person (or company) who is appointed to take charge of a mortgaged property when the borrower has defaulted. The main aim is to either sell the property or to collect a rental income for the lender. They are commonly used when property developers fail when their borrowings will largely be secured on specific properties. Extent of the LPA Receivers powers The only direct powers that the LPA Receiver has under Section 109 of the Law and Property Act 1925 are:- · To demand and recover all income due (including rent) on the property that they are appointed receiver on. This can be recovered by action, distress or any other means needs. They are required to provide valid receipts for income (or other) taken. · If directed by the mortgage lender the receiver can insure and keep insured against loss or damage by fire. This can be taken by from money received by the receiver and can be used against anything compromised in the mortgage. Delegated Powers If desired the lender can also delegate its contractual powers to the receiver; this is under section 109(3) of the Law and Property Act 1925. If the lender wishes to delegate its contractual powers this must be done in writing. The contractual powers generally are:- · The power to sell the mortgaged property on such terms as the receiver sees fit · When the lender is in possession of a property it has the power to cut and sell timber and other trees after consulting with a qualified arboricultarist. · The power to make leases Contractual Powers An LPA Receiver’s powers are limited to section 109 and 109(3) of the Law and Property Act 1925. Application to court for directions The LPA Receiver or mortgage lender may apply to the court on matters of uncertainty about the appointment, powers or remuneration of the receiver. Application of insurance money The lender can require that all monies received in connection with insurance of the mortgaged property be applied as follows:- · Towards the discharge of the mortgage money owed. · To recoup monies, loss or damage to which the funds are for. Remuneration for the LPA Receiver The receiver is entitled to retain out of any monies received (after discounting costs) a rate not exceeding 5% unless specified otherwise. If an application to the court has been made, they can also specify the rate of remuneration dependant on the individual case. If you would like any further information regarding Lpa Receiver, or are in one, or are been threatened with one please get in touch. 0800 4 96 95 94 ds22xuaz8cqjpdrvudce http://www.tenable-solutions.co.uk/winding-up-petitions-what-are-the-options.html WINDING-UP PETITION – WHAT ARE THE OPTIONS? Ok so your company has just been issued with a Winding-Up Petition; it sounds very scary doesn’t it? Especially when you realize that it is going to be heard in front of a Judge at the Royal Courts of Justice in London. How daunting is that? The Royal Courts of Justice! Understandably you may walk around in a daze for a few days, unable to think straight or to come up with an action plan. Just as it does start to settle in and you realize you need to take action you will begin to be bombarded with letters from companies offering their services; how do you choose who is the best? You may have business associates that you feel you can turn to, you may even discuss matters with family and friends but remember that this is your livelihood and your future solely depends on your next move. Because it’s such an important matter you may think that you must see your Solicitor? Before you do anything, just pause and try to think logically. Without slating any other profession Solicitors are renowned for extortionate fees and not all Solicitors specialize in corporate insolvency. Does this really sound like your best option? I am sure you will agree it doesn’t. So your next option would be to go to an Insolvency Practitioner, now these are renowned for being the grim reapers of business; the “ambulance chasers”. Again I am sure you have heard about the exorbitant fees they can charge. So……where does this leave you? You need a common sense approach, a company that can get great results while still being cost-effective; Tenable Solutions Limited can help from the minute you receive your petition. We speak in terms that you will understand and not bamboozle you with legal jargon. Our fee structure is simple to understand and we have no hidden fees. All our rescue packages are tailor-made to your requirements so you can have as little assistance or as much assistance as you need. Our record for defending Winding-Up Petition is exemplary, even if the hearing as already been adjourned. You may be reading this and thinking that you don’t want to save your business; that you want to shut the doors as this has been the final straw. That’s all well and good BUT there are things you need to consider:- · Have you been compliant with HMRC? · Have you taken dividends when the company hasn’t taken a profit? · Have you got a Directors Loan (you would lose this)? · Have you signed Personal Guarantees with any creditor? If you have answered “YES” to any of the above then you seriously need to get urgent advice before making any decision as you could end up losing everything! We at Tenable Solutions Limited understand the effects a Winding-Up Petition can have both mentally and physically on the Directors, our first step is to have an informal chat about your options. Talking your problems, your hopes and your fears through with an expert can make the situation seem much brighter and you may find that you can focus on the future. If you would like an informal, free, no obligation chat with one of our experts then do not hesitate to contact us on freephone 0800 4 96 95 94 93bwcyl96h8wdvzxn7um http://www.tenable-solutions.co.uk/factoring.html Factoring Invoice finance your cashflow finance solution. Keeping the cash flowing is the most important part of any business, even more so in a recovering economy. After all, accessing the money you’re owed allows you to grab new opportunities, bring plans to life, buy new equipment, pay staff wages and negotiate the best terms with your suppliers. Unfortunately, maintaining a regular flow of cash is often easier said than done. Especially if late payments are holding you back. It’s estimated that late payments are costing UK businesses as much as £1.9 billion a year. If your business is selling its products or services to other businesses on credit terms, invoice finance, often known as factoring and invoice discounting, could help. It’s a form of funding that releases cash tied up in a business’s outstanding sales invoices. Over 40,000 businesses across the UK use invoice finance to support them at various stages in their business life cycle. More and more businesses across the UK are using this form of finance – particularly at a time when more traditional financial institutions have been turning down funding requests. Invoice finance explained. Invoice finance takes two main forms – factoring and invoice discounting. The different benefits provided by these services are listed below. What is factoring? Factoring is a flexible funding and collections service which releases cash tied up in outstanding customer invoices. What this means: • You can bridge the cashflow gap between raising an invoice and getting paid. • You can boost your cashflow by receiving an immediate cash-injection and ongoing supply of working capital into your business against the value of your outstanding invoices. • You can benefit from the factoring provider’s credit control service, saving you valuable time, as they will chase and collect outstanding invoice payments on your behalf. What is invoice discounting? Invoice discounting is a flexible funding-only solution which releases cash tied up in outstanding customer invoices. What this means: • You can bridge the cashflow gap between raising an invoice and getting paid. • You can boost your cashflow by receiving an immediate cash-injection and ongoing supply of working capital into your business against the value of your outstanding invoices. • You maintain the relationship with your customers and you collect payments against outstanding invoices – the invoice discounter provides the cash to support you. Unlike factoring, invoice discounting does not include a credit control service. Advantages of invoice finance. There are a number of advantages that invoice finance offers over other funding options. A secure form of finance – the sales ledger is used to secure access to funds, so as your business grows so does the amount of funds that can be made available to you. Access to specialist expertise – invoice financiers take an in-depth view of your business – this includes taking into account the entire financial picture when making a funding decision. It’s finance that grows with you – you get an immediate cash injection and an ongoing source of funding linked directly to current sales. As business grows and sales increase, so does the amount of working capital that the invoice financier can make available. Improve your profitability – paying suppliers early lets you buy in larger quantities and take advantage of any volume discounts available. An extensive credit history is not required in the UK – the sales ledger of the business is used to secure its access to funds. This means those businesses which may have been turned down for bank funding have a viable and trusted funding option. By releasing funds tied up in outstanding customer invoices, factoring and invoice discounting gives you an immediate cash-injection and an ongoing supply of cash that grows in line with your sales. Simple steps to unleashing your cashflow How factoring and invoice discounting work Factoring (Funding and collections) Invoice discounting (Funding only) You invoice your customers for goods and services, and send details of the sales invoice to the factoring provider. You invoice your customers for goods and services, and send details of the sales invoice to the invoice discounting provider. On receipt of your invoice, the factoring provider will typically release up to 85 per cent of its value within 24 hours of it being raised. The remaining 15 per cent is held until the invoice is paid. They will undertake credit control and collections on your behalf. This includes sending out statements and chasing customers until invoices are paid. On receipt of your invoice, the invoice discounting provider will typically release up to 85 per cent of its value within 24 hours of it being raised. Factoring provider Invoice discounting provider Your customer pays factoring provider in full. You chase payment of the invoice. The factoring provider will now release the remaining 15 per cent of the invoice value, minus a small fee. Your customer makes payment into a dedicated trust account. The invoice discounting provider will now release the remaining 15 per cent of the invoice value, minus a small fee. Need to know more how factoring can really help your business grow and survive in these difficult times. Just complete the form below or call us on 0800 4 96 95 94. g7n3yv5dqnwts9kdj6ml http://www.tenable-solutions.co.uk/selling-your-business.html How many times in the last couple of years have you thought to yourself “I wish I could just walk away”? Then reality sets in and you realise that what with redundancy payments, lease agreements and paying off creditors there would be very little (if any!) monies left. Throughout the last couple of years all businesses have suffered; especially in the small to medium sector. Banks have either reduced or taken away business overdrafts and this has left them with a whole new set of problems, on top of which, HMRC have withdrawn their TTP (Time To Pay Scheme) and because everyone is suffering at the moment, your creditors also want paying quicker. Tenable Business Support Service sole aim is to assist businesses to survive and prosper but we have realised that now more than ever, there is a need for elegant exit strategies. Before I go any further in introducing my firm, I would like to firstly state that we are not “asset strippers”, we have no intention of disposing of any assets or customers order books; if anything it’s quite the opposite! We have a network of businesses across a wide variety of trades and with this knowledge and expertise we could help bring in more business. Using our wealth of knowledge we have created a tailor made packages to suit your individual needs. If your business is struggling and has debts we can arrange for you to leave the business with (pardon the brashness) more cash in your pocket than if you were to close it. If you are close to retiring age you could stay and work within the business whilst still receiving money for it! We are flexible with our ideas and will make a bespoke plan based on your ideals and ethics. We also understand that there are many personal issues to address prior to you even considering selling your business and we can help you to make informed decisions. I am sure in the past you will have thought about the future and how you will generate a regular income should you sell your business – you may feel that after being in business so long you are “unemployable”; that may not be the case and there are a variety of options available! Lastly I would like to thank you for taking the time to read this article; I hope that you have found the contents to be thought provoking. If you would like to discuss the above matter further then please do not hesitate to contact the office on freephone 0800 4 96 95 94 during office hours, out of office hours you can contact me direct on my mobile 07595 793236 until 9pm in the evening and on weekends too. 3afwdrr4pwv95qfj9d9a http://www.tenable-solutions.co.uk/Accountants-increase-your-earnings.html ACCOUNTANTS!! Now I’ve got your attention please take the time to read this; it may result in us doing some reciprocal business and indeed enable you to retain some of your clients over the long-term. Throughout the last couple of years all businesses have suffered; especially in the small to medium sector. Banks have either reduced or taken away business overdrafts and this has left them with a whole new set of problems, on top of which, HMRC have withdrawn their TTP (Time To Pay Scheme) and because everyone is suffering at the moment, their creditors also want paying quicker. When you present your clients end of year accounts I am sure you are not alone in repeating to your clients “you have not done as well this year”, and how many times has this been responded to with “I wish I could get out altogether!”? Tenable Business Support Service sole aim is to assist businesses to survive and prosper using a variety of different products but we have realised that now more than ever, there is a need for elegant exit strategies. We will consider purchasing any business providing that it has a “pulse”. Before I go any further in introducing my firm, I would like to firstly state that we are not “asset strippers”, we have no intention of disposing of any assets or customers order books; if anything it’s quite the opposite! We have a network of businesses across a wide variety of trades and with this knowledge and expertise we could help bring in more business. Using our wealth of knowledge we have created a tailor made packages to suit individual needs. If the business is struggling and has debts we can arrange for the Directors to leave the business with (pardon the brashness) more cash in their pocket than if they were to close it. If the Directors are close to retiring age they could stay and work within the business whilst still receiving money for it! We are flexible with our ideas and will make a bespoke plan based on the Directors ideals and ethics. We also understand that there are many personal issues to address prior to them even considering selling their business and we can help them to make informed decisions. Purchasing businesses is a complex process; getting the valuation correct is vital. When the business owners realize that someone wants to purchase it they suddenly perceive an unrealistic worth. At this time it is important to rein their expectations in and this is where their existing accountant plays a pivotal part. I am sure at this point you are wondering what are the benefits for you? (Other than to value the business). I think it would be fair to say that no accountant wants to lose a client (although I am sure from time to time we have wished we could get rid of the client from hell!). The way that the new business would be constructed is that the original accountant would be retained. This as you will appreciate is a no lose situation for everyone as due diligence and indeed changing accountants can be a costly exercise. We have also not overlooked the fact that the client would look to their accountant for their approval of the purchase. Taking this into consideration we would generously recompense you and as mentioned before create a no lose situation. I understand that your time is valuable and would like to thank you for taking the time to read this article; I hope that you have found the contents to be thought provoking with regards to your existing client base. Should you like any further information, have an informal chat or arrange a meeting please do not hesitate to contact Tenable Business Support Service on freephone 0800 4 96 95 94. vp6gjy8djgzg2rbxppph http://www.tenable-solutions.co.uk/Starting-a-business-business-plan.html STARTING A BUSINESS – BUSINESS PLAN Finding a good accountant is imperative (your best option is normally to go with a personal recommendation from a trusted associate) but if you have a reasonable head for figures and can be brutally honest with the facts you could do your business plan yourself. After all you are best placed to know what you are going to sell and have some idea of the costs! When starting a business it is important to be focused; a business plan, cash flow forecast and projection of sales is of vital importance. These will all help you to concentrate on the cost of sales and the overheads and how to achieve the best possible profit margin. We understand the magnitude of what you are embarking on, it can be an exciting time but if your livelihood is dependent on it we appreciate the stress and worry that also follows. Because of this it is essential that you concentrate on cold hard figures and not to get carried away dreaming of spending the money that you haven’t earned yet. Becoming a member of Tenable Business Support Service will help you; we have templates for your cash flow forecast and business planner. These are all self-calculating and enable you to look at various different scenarios i.e. what you expect as a month on month growth or if you want to air on the side of caution you can look at the worst case scenario. Either way these templates give you the flexibility to experiment without pressure from an accountant and in turn save you money that you haven’t earned yet in the short-term! As I am sure you are aware a business plan is purely hypothetical and is based on your knowledge and research of the present trading climate within your chosen industry. Other factors you need to consider whilst creating your business plan is will your business be eligible for Value Added Tax (VAT)? If it will have you costed for it and when will it become payable? Have you thought about what you will do for wages? Will you be working a Pay As You Earn (PAYE) scheme? If you are when will this become payable? The self help pages in the member login area of the Tenable Business Support Website are designed to help you to be self sufficient in creating your business but don’t forget that when joining Tenable Business Support Service you have access to your own account manager during the day and evenings as well, seven days a week! To find out more information about joining Tenable Business Support Service call 0800 4 96 95 94. xq4ekcbu9annnz2y9x8m http://www.tenable-solutions.co.uk/how-to-remove-ccjs.html A County Court Judgment (CCJ) can cripple your credit your credit file and can make it impossible to get credit – this doesn’t just mean getting a new car or a loan but can ruin have a negative impact on getting a new mortgage deal. CCJ’s aren’t just received by people who have been frivolous with their money, they can be disputes gone sour or can be obtained through no fault of their own for redundancy or change in circumstances. The current economic climate means that more and more people are finding themselves in this kind of financial quandary. It can be very frightening when court papers land on your doorstep – especially if you have never seen them before; they can be very confusing and there are all sorts of different deadlines. Our first recommendation would be not to panic and to seek professional advice; this doesn’t have to be costly and can save you a lot of problems in the future. You may be aware that if you pay the balance of the CCJ within thirty days of the CCJ being registered then it can be removed without a trace – if you settle after this period then although it will be marked as ‘satisfied’ it will stay on your credit file for six years. If you can settle the full balance within the thirty fantastic! You don’t have a problem. If you can’t settle the debt in full you may think there is nothing you can do other than pray that for the next six years you do not need any form of credit! If you do then you are wrong; but be very careful as there are many companies declaring they can ‘clean up your credit’ – the truth is this is impossible BUT we can genuinely help you to get the creditor to agree to remove the CCJ – we can do this on your behalf. Our unique, completely legal, tried and tested method can work even if you cannot pay the balance in full. We can negotiate with your creditor in a partial settlement or even that you will pay in instalments and get it removed - It can even be used on old CCJ’s! If you would like to have an informal chat on how we could help you to remove any of your CCJ’s then please do not hesitate to contact us. tele now 0800 496954 bqvwb1cqb2v9jz4x3e3s http://www.tenable-solutions.co.uk/Understanding-debt-management.html The definition of debt management, states it as the assistance given by a certain third party to a person in debt, to pay back the money to the concerned parties to whom the money is owed. Today there are many third parties that offer debt management plans, with the basic aim of helping their clients take control of their financial situation. Simply put, debt management is defined as the practice of reducing expenses. However, in reality, debt management is a vast field, encompassing a deeply structured program for repaying debts created by an expert third party. These third parties may interfere in their client’s debt management due to two reasons: either the client has personally approached the third party to create a reliable debt management plan, or the court orders the third party to make a debt management plan because of a litigation filed on the client. Debt management works in steps, all of which entail the third party working in close relation to the debtor. The first step is common among most debt management plans, and usually involves assessing the amount of money owed. Once the total debt is calculated, the next step taken by the third party is to calculate their client’s expenses and expenditures. For example, rent and mortgage payments, car payments and normal expenses to run the house are included. With all this information, the third party then helps the debtor to settle the debts by managing and allocating money from their client’s income to all the areas appropriately. The third party can also reduce the interest charged on the debtor in some cases, and may even pay off some debts themselves. However, to avail the service of third party you need to have a debt of £ 12,000 or more as a rough guide. People, who are on the verge of bankruptcy, have no other choice but to allow these third party debt management companies to engage them in a long-term debt management plan. However, if you are looking for a debt management company on your own free will, you need to make a wise decision, ensure that the debt management services are registered with and have a consumer credit licence. Secondly, these companies do not charge very high fees for their services. Their charges are nominal are small. Most importantly, the fees are not dependant on the debt owed by you nor is it charged on a monthly basis. Select a debt management company that helps you get rid of your debts, and not increase it further. tele 0800 4 969594 teuyxnv1pbjfjfksn327 http://www.tenable-solutions.co.uk/tips-to-become-debt-free.html Foreclosure occurs when you have taken a debt on your home and you are unable to repay it. When you are unable to repay the loan you are forced to leave your house. A foreclosure not only causes serious financial problems but also leaves lot of mental pressure and affects your credit score negatively. Hence, it is important that you avoid it at any costs. The following are some of the tips that will help you to avoid a foreclosure and become debt free. Keep knowledge about mortgage rights: Read your loan documents so that you get an idea of what the lender can do if you are not able to pay the debts. Know the mortgage laws of your state. Contact your lender immediately: Majority of lenders are ready to work with you and usually don’t want to foreclose properties. Hence, if you want to become debt free then it is important for you to contact your lender as early as possible and inform him/her that you will not be able to pay the monthly instalment. Give top priority to mortgage payment: If you are in serious debt and want to become debt free then you will have to give top priority to mortgage payments than your credit card bills and other non-secured debts. This is because; failing in paying your mortgage will affect you more badly than failing to pay non-secured debts. Refinance your mortgage: If your mortgage carries high interest rates then refinancing your mortgage will be definitely a good option. However, be careful as there are plenty of lenders looking for an opportunity to deceit people who are on the verge of foreclosure. Make use of your assets: To avoid foreclosure you can also make use of additional assets such as a car, jewelry which can help you reinstate the loan and become debt free. If possible, see if anyone from your household can get a job and bring some additional income. Though this may not help you to avoid foreclosure it will definitely demonstrate to the lender that you are ready to make sacrifices to save your house. Restructure the mortgage: Try negotiating the structure of the mortgage with the lender. There are various ways of restructuring the mortgage but the most common one is extending the loan term. By this, you will get more time to pay which can lower your monthly payments. If you follow the above-mentioned tips then you can avoid foreclosure and lead a debt free life. tele 0800 4 969594 pn2z752ld6tz9f7894j5 http://www.tenable-solutions.co.uk/debt-relief-measures.html Debt relief measures provide you with a great way to avoid bankruptcy in many circumstances. In fact, government has introduced many debt relief measures to help people pay their debts within the stipulated period. There many debt relief measures available, which can help you to get freedom from debts and lead a debt free life. Let’s look at some debt relief measures than can work for you. • Insolvency Voluntary Arrangement: An IVA permits you to write off up to 65% debts but the biggest downside is the IVA continues for 5 years. In IVA the substantial amount of debt are written off and interest charges are freezed for specific period. When you opt for IVA, you no longer have to attend the collection calls or face the visits of bailiffs. IVA requires you to adhere to a fixed repayment agreement, which can be reviewed to ensure that you can afford to pay as per the IVA agreement. All the payment records related to IVA are entered in your credit file. • Debt Management: It is an informal arrangement wherein you and your creditors make an informal agreement to repay your loans. Generally, debt management involves rescheduling of the repayments at an affordable level by freezing the interest for that specific period. Some commercial lenders however charge some amount as administrative costs for such arrangement. You should be aware that debt management doesn’t have any kind of legal standing or backing and there is no guarantee that creditor can’t pursue for debt outstanding if they want to. • Debt Consolidation: Debt Consolidation involves bringing all you credit card balances and loans under one arrangement. The arrangement makes the monthly repayment instalment more affordable. The arrangement also includes moving your high interest credit card debts to a low interest loan. • Debt Relief Order: This debt relief measure is newly introduced and it can be used for debts not more than £15,000. You are not required to go to court for debt settlements and all debts are completely discharged within period of 12 months. You can seek to pursue any debt relief measure given above to enjoy a debt relief style. The right debt relief measure for you is the one that suits your circumstances. If you are already stuck deep in debt then it is necessary that you adopt any suitable debt relief measure before the financial crisis in your life deepens. The sooner you take the decision, better it would be for your financial future. tele 0800 4 969594 x2pbylc99ztmrcduaszb http://www.tenable-solutions.co.uk/Sure-fire-Debt-Consolidation-Tips.html If you have multiple debts and don’t have enough financial sources to payoff the debts you owe, you can consider debt consolidation. However, you should opt for debt consolidation as your last resort for paying off debts. Debt consolidation means taking a loan to pay off the money you owe. It is the best way to turn your unsecured debt into secured debts as this type of loan is backed by collateral such as government funds. Debt consolidation is a viable option than filing for bankruptcy. It is a perfect solution to save money and lower interest rates, which in turn makes it easy for you to deal with your debts. Debt consolidation is a process where a financial company helps you get rid of all your debts by combining your total debt in one payment scheme, which are considered to be lower in comparison to the amount you need to pay. If you are looking to consolidate your debts then following these debt consolidation tips will greatly help you: 1. While dealing with debt consolidation lending firm make sure that the firm is reputed and trustworthy. You must check if the debt consolidation company is licensed to provide such services. 2. Before you avail debt consolidation service, ensure that you first compare the interest rates with other companies. This way you can get loan at a very competitive interest rate. You can search for a debt Consolidation Company over Internet and compare the deals; this would save your time and effort. 3. While you get a debt consolidation service, it is better you choose secured debt consolidation. This will help you not only to get lower interest rates but also get longer period for repayment. 4. It is advisable to read the terms and conditions carefully before signing on anything. It is better to hire an expert/lawyer to help you understand the legal terms involved. You must discuss the terms and conditions; sometimes the lender may have some hidden charges that would later affect your repayment. 5. You must also consider the cost incurred for debt consolidation service. Most reputed debt consolidation companies charge only minimal fees for their service. 6. Don’t get fooled by the enticing advertisements and schemes. Before you sign-up for any debt consolidation plan, make sure your get help from your financial advisor about the program. Debt consolidation is the best way to manage your debts and pay off the loans in an organized manner. tele 0800 4969594 aayg3ym4tgqsw7xzfm29 http://www.tenable-solutions.co.uk/Multiple-debt-management-plans.html Debt Management plans, also known as debt repayment plans are designed specially to help those people who are in debts and are having tough time managing it. Debt management plans can greatly reduce the burden of your debt and reduce your monthly payments through efficient management of debts. If you are finding it hard to repay your debts then debt management plans can be the best way to get rid of your debts without taking additional loans. Debt management plans culminate all your unsecured debts under a common plan thereby offering you a payment schedule to repay your debts. Thus, you need to make only one monthly payment, with a lower interest rate, which is then paid out to your creditors. Advantages of Debt Management Plans • No increase in monthly payments: With debt management plans you need not have to make an extra payment, unless you or the debt management company skips payment or make late payments • Not allowed to use credit card: Most people don’t view this as benefit. But, the debt management plans restrict you from using your credit card for purchases; using credit cards can be tempting, which ultimately adds to your debts. • Convenient paying: With debt management plan you need not worry about paying multiple bills every month; you just have to make only one payment. However it is important that you keep track of your balances in your statements every month. • Avoid Bankruptcy: This is one of the biggest advantages of debt management plans, you need not declare yourself as bankrupt, which could dent your reputation and affect your credit score. • No further charges: Although there is no legal obligation, most creditor freeze further interest and late fees to help you pay off debt. • Flexible payment option: Under debt management plans the repayment arrangement provided to you is flexible to suit your personal circumstances. Disadvantages: • It is not for everyone: DMPs are best suited for people who have steady flow of income to pay the debt management plan. If you don’t have a steady income source, you would be further burdened with debt. • Rigid payment plans: The payment plans for these plans are very rigid. You cannot skip your monthly payment or pay less than the amount agreed upon even in case of financial emergency. If you default on your payment, you have to bear with high drop out rates. Although, debt management plans have a few disadvantages, the advantages clearly out-weigh them and provide you a great solution to pay off your debts. tel 0800 4 969594 pwmw6sxsselrg8az8fhh http://www.tenable-solutions.co.uk/Effective-Tips-to-avoid-Bankruptcy.html Bankruptcy is the ultimate thing, which an individual would not want to happen in his entire life. This is because; bankruptcy not only hampers the credit score but also leads to large amount of public humiliation. However, fortunately there are many ways through which an individual can avoid bankruptcy. Here are some tips that will help you to avoid bankruptcy Talk with your creditors: The first and foremost thing you need to do to avoid bankruptcy is to talk freely with your creditors about your financial position. If you file for bankruptcy then it will affect your creditors heavily hence they will also not want you to go into bankruptcy. So talk to your creditors first and seek help for your debt if you want to avoid bankruptcy. Debt Management: In this, a debt management firm or a counseling agency helps you to reduce your penalties and interest rates. You just have to make monthly payments to the company and manage your bills which in turn help you to avoid bankruptcy. Debt settlement: This is where you negotiate to reduce your debts with creditors when you are not even able to keep up with the minimum payments. This can help you to reduce your debt by 40-60% of your existing balance. Consolidate your debt: It is the process in which you take out a low interest loan to pay your debts. This is one of the best ways to avoid bankruptcy as it helps you to pay off your other debts and save money for emergencies. Payday loan consolidation: This is the best way to avoid bankruptcy for those who are struggling with payday loans. In this, you replace multiple payday loans with a monthly payment which is affordable to you. Work More: If you work more you will get more money and you will be able to pay off your debts and hence avoid bankruptcy. Sell your assets: Selling assets is one of the most effective ways of avoiding bankruptcy. Downgrade or move to a smaller house, look for things which you think that can be worth selling. You will find plenty of things in your home that are of no use to you but can fetch you a good amount. Keep an eye on your spending: Looking at life as a series of plans and goals always helps. Make the idea of getting out of debt your priority and stay adhered to it. Reduce all the expenses which you think you can be avoided and concentrate on spending wisely. To sum up, analyzing the financial solutions and then selecting the best solution to the debt problem is the key to avoid bankruptcy. You can use any of these tips to consolidate your financial position and free yourself from the harmful effects of bankruptcy. tel 0800 4969594 feq8k6dyqh1bpk1yrky7 http://www.tenable-solutions.co.uk/Debt-Relief-Consolidation-plans.html Debt consolidation is the process of taking all the debts and culminating it into one single payment. Through Debt relief consolidation plans debtors can take advantage by getting common terms from the creditors. These plans help debtors to alter their monthly interests, monthly payments and hence in turn speed up the process of repaying the debt. These plans freeze the credit as the debtors find it difficult to establish more credit under these plans. The debt relief consolidation plans helps you to evaluate the exact debt settlement, debt management and various different repayment plans. Benefits of Debit Relief consolidation plans These plans basically provide the debtors with three primary benefits which are as follows: Simplified payments Simplified payments mean that you need to make payments through the plan. In this plan you will make a monthly payment which will then be distributed among your creditors. This plan will help you get rid of the forgetfulness that leads to non-payment of debts to the creditors. Re-arranging accounts The re-arranging process is what makes debt relief consolidation plans unique from other debt management plans. By re-arranging the account you get to negotiate the monthly payments which are then considered as current payments and not delinquencies. For example, suppose if you owe $50 per month and have missed to pay that amount for three months then you will show a three month delinquencies as every payment will be considered as the earliest payment. However, by re-arranging the account you can renegotiate the monthly payment for $35 and that will be considered as current payment and not a delinquency. Changed Monthly Costs While debt consolidation relief plans do require a monthly payment, the creditors who want to get paid instead of selling or writing-off at a discount or uncollectable will agree on lower interest rates that may range from 5-10%. If you pay them fast enough the creditors can further lower the rates. The benefit of this is that when you pay the resulting interests you end-up paying small monthly payments than earlier. To sum up, we can say that debt relief consolidation plans are the one of best ways to deal with debts as they help to speed up the process of repayment of debt to the creditors. While selecting a debt relief plan it is always better to look for cost, solutions and dependability of the plan to get the most of out it. tele 0800 4 969594 1xjf8p6wms3l76tqw1kl http://www.tenable-solutions.co.uk/Bankruptcy-orIVA-which-one-to-choose.html A person is declared bankrupt if he is deemed to be unable to pay off the debts incurred by him. This is the last situation anyone would want to be in. But in the recent years, the government has provided an option for people to deal with bankruptcy- Individual Voluntary arrangement (IVA). IVA and bankruptcy differ in a lot of ways, but they mainly differ in the way that a person’s assets are handled. Besides, there is also the difference in the time period of both these procedures. However, the implications of following any of these procedures are quite high, and this is the reason why many people approach a third party debt management service. This can be in the form of a debt management plan, a remortgage or a debt consolidation loan. Typically, IVA is considered to be a better option to bankruptcy. There are a lot of reasons for IVA ranking higher than bankruptcy. Firstly, it is because an IVA has the ability to pay off up to 75% of the total debt. An IVA can also stop the accumulation of interest on your existing debts, and leave you debt free once it is complete and for up to five years afterwards. Unlike in bankruptcy, in IVA you retain the ownership of your property and have control over your assets. In bankruptcy, however, all your assets come under scrutiny. From your career viewpoint, an IVA offers better prospects than bankruptcy. IVA is also less looked down upon, and goes easy on your credit rating, compared to bankruptcy. Bankruptcy involves lengthy court process, while an IVA doesn’t involve the court at all. IVA is also a cheaper alternative, compared to bankruptcy. However, bankruptcy does have its advantages over an IVA. While an IVA lasts for five years, a bankruptcy lasts for just one, and writes off all the debt within that time. If you have no assets with you, then bankruptcy can be a better option since an IVA looks for some equity in the assets. Similarly, bankruptcy is more suitable to a person who is unemployed, rather than an IVA. A person who has income benefits is also in a better position for bankruptcy instead of an IVA. The final decision of whether to file for bankruptcy or to go for an IVA is completely dependant on your position, assets, employment status and personal decision. But before going for any of them, you need to completely understand the implications of what you are doing. call now 0800 4 969594 pphrjfmsqsxc64bjfnbs http://www.tenable-solutions.co.uk/Avoid-Bankruptcy-and-get-out-of-debt-with-a-CVA.html Avoid Bankruptcy and get out of debt with a CVA In the past, there was a situation wherein companies had little options to get out of debt. However, in the contemporary world, the banks and the government have taken effective measures to rescue companies from insolvency through the Company Voluntary Arrangement (CVA) What is CVA? The Company Volunteer Arrangement (CVA) is rescue mechanism for recovering from debt and can be a good option for liquidation. In fact, it is a procedure that helps a company to get out of debt easily and is inexpensive. For majority of companies there are numerous benefits of choosing the CVA to get out of debt. This is because; the CVA covers the entire amount and time of debt that the company has to repay thereby making it a good alternative for bankruptcy. How CVA works? To agree to a Company Volunteer Agreement, the company needs to get as many as 75% of the people to whom it owes money to make it into a legally binding agreement. If this process takes place then the remaining 25% of the creditors also get covered under the CVA irrespective of the fact they voted for or against the agreement. The CVA needs to be fair to all the creditors and should be aimed at paying the creditors back with as much possible amount without comprising the long-term viability of the business. When you propose the CVA to the creditors then some of your debt gets reduced or compounded. For instance, for every £1 the CVA pays 30p for a period of five years and the remaining 70p gets written off once the CVA scheme is completed. This not only helps your company to get out of debt but also improves its working capital and balance sheet. Furthermore, the debts that are written off under the CVA scheme are not subject to tax. Under the section 144 of the Finance Act, 1994, any debts that are written off under a properly agreed CAV are exempted from tax. To conclude, we can say that CVA is the best alternative for companies to avoid bankruptcy. If your company is on the verge of bankruptcy then must consider CVA to help your company get out of debt. For effective CVA it is advisable that you take advice of a qualified insolvency practitioner. This is because; these practitioners will help you to chalk out a good proposal which is readily acceptable to your creditors. Once you get the protection under the CVA then you can put all your efforts in bringing your business back on track. call now 0800 4 969594 qd9le61j1etf39sat5kv http://www.tenable-solutions.co.uk/5-simple-ways-to-manage-debt-more-efficiently.html 5 simple ways to manage debt more efficiently Debt Management is a method where you chart out a plan to repay the money you owe. It generally consists of prioritizing debt (the loans that you must pay first) and decreasing your other expenses so that you can pay the loans back quickly. A debt management plan is good way to manage debt. If you trying to manage debt, you must always remember one golden rule that is, your expenditure should never exceed your income. You can follow these 5 simple ways to manage debt more efficiently: Have a Fixed Monthly Budget: Budgeting is one of the best ways to manage debt effectively. You must draw a fix budget plan for your monthly expenses. Try to keep your spending within the budget and don’t exceed it. You can narrow down your budget and allot a fixed amount for your spending on certain items. Keep track of all your daily expenses, this will help you know your spending and you can make efforts to minimize the spending and manage debt. Shop for essentials: Saving money on your shopping bills can greatly help you to manage debt effectively. Essential living costs such as food, mortgage, rent and utility bills are unavoidable payments. However, you can save lot of money if you shop for better deals. You can consider shopping at supermarkets as an alternative to cut your shopping bill by half. Pay off the bills: This is another effective way to manage debt. If you have the funds, try to pay off your pending bills as much as you can. Prioritize the important bills and pay them first. Keep track of the bills that are due and ensure you pay them on time otherwise you may have to pay the additional amount on bills as late fees. Check the Interest rates: Reducing the interest rates on your outstanding payments is a smart way to manage debt. Interests are always volatile, compare the market rate on your current account and check if switching to a different plan can reduce the interest rates on your credit card bills. Debt Consolidation: Even after making changes to your lifestyle, if you are still struggling to manage debt, you must consider debt consolidation. However, this should be your last resort to manage debt. Debt consolidation will give you ample time to pool your finances and pay off the debts. However, it is important to check with different consolidation providers and calculate the period how long you need to pay so that you can get the best interest rate for that period. It is easy to manage debt, provided you know the right ways. You must continue to live a modest living and use the above tips to manage debt efficiently. call now 0800 4 969594 m8qhmslzpqym7th1tr8x http://www.tenable-solutions.co.uk/problems-with-personal-debts.html Financial problems can cause a vast amount of emotional stress, it can put a strain on families and it has even been cited as the reason for many relationship breakdowns. Many people are ashamed of debt, they hide their problems from their loved ones in the hope that it will somehow vanish; burying their head in the sand is only a short term solution. It is difficult to hide from your family when bailiffs are knocking at the door! Tackling debts head on is the only way to deal with them and as the old saying goes “a problem shared is a problem solved”! The first step is to do a good old fashioned budget, write down all the household incomings and outgoings (not including debts) and see where cuts can be made, the amount you can afford to pay to your creditors is the figure left when you deduct your outgoings from your income. We understand that it can be quite daunting to attempt to try and negotiate with your creditors, if I am honest most creditors do prefer to deal with a third party as this proves that you are serious about clearing your debts. Pure Financial Management specialise in offering a debt consolidation plan, not dissimilar to a debt management plan but it has a term and once your term is ended you are debt free! Pure Financial Management understands that everyone’s situation is different; our account managers are specially trained to find a solution that is right for you. You can apply online or over the phone. We also appreciate that many of our clients work and are busy therefore we offer an email support. If you would like more information or for an informal chat please do not hesitate to contact Pure Financial Management on 0800 4 96 95 94 gz3huq98kpbnz9e5gt55 http://www.tenable-solutions.co.uk/car-van-about-to-be-repossessed.html Car/Van about to be repossessed? Having trouble with your finance company with regards to your vehicle? Are they trying to repossess your vehicle ? Have they obtained a court order to return the goods? Not anymore....get in touch with us, we can always help. 0800 4969594 dt5aafk5y1k2qmzn1as4 http://www.tenable-solutions.co.uk/car-and-asset-finance.html Car & Asset Finance Have you been refused car or asset finance for any of the following reasons: Defaults County Court Judgements Iva Tenant Self Employed Poor Payment History Over Committed The rates are NOT loaded to make it too expensive to apply for. No matter what reason or excuse you have had we can help and help fast. call now 0800 4969594 ryl53fhu6fdegjaqs178 http://www.tenable-solutions.co.uk/why-its-important-to-deal-with-your-debts.html Why its important to deal with your debtsI am sure if you were granted three wishes your first one would be to wipe off all of your debt. It’d be nice wouldn’t it? Unfortunately your debts will not miraculously disappear! Ignoring them and burying your head in the sand will only lead to your debts spiralling out of control, bailiffs knocking at your door and your credit file being completely ruined. No-one likes the feeling of dread each time the postman comes or each time your phone rings, this is only the tip of the iceberg, bailiffs will come knocking and although the law is on your side it can be embarrassing! Imagine you have family or friends round at the time! Another method we’ve seen many people do is to simply send all the post back, pretending that you don’t live at the address anymore. This will not work, credit companies have tried and tested methods of finding absconding debtors – they can even phone your neighbours (as long as they don’t disclose the debt they are not breaking the law!). Facing your debts and tackling them head on is the only way to regain financial freedom. Imagine how relieved you would feel if you could to take control of your finances once again and not to receive phone calls and letters everyday from people demanding money! A consolidation plan is a simple, affordable and convenient way to repay your debts. You pay one affordable monthly payment and Pure Financial Management distribute this to your creditors. Pure Financial Management use tried and tested methods and provide excellent customer service. You are assigned a personal account manager who can help you every step of the way. You can apply to join Pure Financial Management online, by phone, email or through the post. If you would like further information, please contact Pure Financial Management on freephone 0800 4 96 95 94 sevkpfd8h9u94kbsmync http://www.tenable-solutions.co.uk/ccj-removal.html CCj Removal There is a legal way to remove County Court Judgments (CCJs) from your records; we use a tried and tested method; it is approved by the court system and is NOT a repair programme. If you are trying to improve your credit report then why not contact us and see if we can help? Firstly we will help you check that all of the details on your credit report are correct, if they are not then we will help you to get the records rectified. Once we have done this we will then work together on your County Court Judgments (CCJs), we will help you complete all of the court documents and negotiate with them on your behalf. It does not matter if your CCJs are 3 month old or 4 years old – we can still help! If you would like to have an informal discussion then please do not hesitate to contact us. 0800 4 969594 m8hqym898n9c73vfj1v8 http://www.tenable-solutions.co.uk/the-69.50-broker-loans.html Applying for a Consolidation Loan may seem like a quick fix, especially when you have numerous creditors and arrears. The truth is if you have arrears, defaults and CCJs these loans are non-existent - many people are taking the desperate measures of paying these so called “brokers” a fee (normally £69.50) in the hope of finding a solution. Once you have paid this money you will normally be issued with an application form to apply for a guarantor loan or offered debt counselling. The Office of Fair trading are investigating these various brokers but in the meantime they continue to take these unlawful broker fees from desperate people! There are other options available. You may have not considered the fact that a Debt Management Plan (DMP)may be the best option – it can instantly stop the worry and you are paying your debts with one affordable payments as opposed to borrowing more money. For example, if your total debts totalled £6825 and we were made up of loans, catalogues and payday loans etc and you could comfortably afford to pay £175. This would mean that you would be debt free in 49 months. The amount you pay per month depends on what YOU decide therefore if you could pay £250 per month you would be debt free in 35 months. A DMP is a convenient way to pay your debts and to stop the harassment from creditors. You pay your monthly instalment to us on an agreed date each month and we distribute the payments between your creditors. We negotiate with them to ensure that the harassing phone calls stop and they stop adding late payment charges and interest. If you have fallen foul of the “broker” fee we can help! Our debt advisors will assist you in getting a refund within 28 days (although the brokers are allowed to deduct a £5 admin charge). This is all in our service. If you would like to have a friendly, informal chat about how Pure Financial Management could help you – please do not hesitate to get in touch. 0800 4 96 95 94 44ugucn7n23um2f4gezm http://www.tenable-solutions.co.uk/capital-allowances-from-hmrc.html We help you Claim Capital Allowances from HMRC on a No Claim – No Fee deal. That means you can’t lose a penny, whatever happens … but you could be thousands of pounds better off! If you own a UK commercial property or a furnished holiday Let (FHL), and you are a UK taxpayer, there is a very strong chance you are legally entitled to a large tax rebate. Indeed, it is estimated that in 96% of these property transactions, people are not claiming their entitlement to capital allowances. Here’s our promise: “If we can’t identify an additional £25,000 in unclaimed Capital Allowances, we will give you our report entirely free of charge. You won’t owe anyone a penny.” -- Director Portal Tax Claims. What Are Capital Allowances? When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes. Why Should I be Interested In Capital Allowances? They are the way that HMRC provides tax relief for expenditure incurred by UK taxpayers on their Capital Investment in commercial and other qualifying types of property. Most UK businesses pay tax on their trading profits, and Capital Allowances allow them to reduce that tax liability by offsetting capital expenditure against those profits. This can result in either a refund of previously paid tax, mitigation of current taxes due, or a reduction in future tax liabilities, or both. What Capital Allowances Can Be Claimed? It is routine for accountants to claim capital allowances for “movable” fixtures and fittings in a shop, for plant and machinery in a factory, or for furniture in a furnished holiday let. They cannot claim such allowances for the “immovable” fabric of the building, however, which is viewed as a non-depreciating asset. The opportunity we are concerned with is the class of assets in the grey area between “movable” and “immovable”. Clearly office furniture is movable and the roof is immovable. But what about air-conditioning plant, emergency lighting and alarm systems? These are normally considered by accountants as “freehold improvements” and not therefore eligible for capital allowances. Even when businesses or individuals hear about our service, there is a common misconception that, because the expenditure occurred in the past, they have missed the boat. Not so! Indeed there is no time restriction on when you can claim these allowances. It is usually possible to claim allowances for capital expenditure going back many years, possibly right back to when the building was first acquired. With the appropriate knowledge and skills which we possess, and access to relevant case law, it is a straightforward process to apply for (and GET) tax allowances on those assets which fall between movable and immovable, however long ago they were purchased. portaltaxclaims.com We are a specialist capital allowance claims company that works in collaboration with your existing advisers to identify and create retrospective capital allowance claims that lead to significant tax refunds. Adding value by working with your accountants and legal advisers, our accounting and surveying experts identify unclaimed Capital Allowances in order to maximise the tax refund available to you or your company. Typically we find Capital Allowances equivalent to 25% of the property’s purchase price and, if we don’t secure at least £25,000 in unclaimed allowances, you won’t owe anyone a penny. Will I qualify? To claim capital allowances you (or your company) must satisfy the following criteria: You are a UK taxpayer (either Income Tax or Corporation Tax) You own one or more UK commercial properties (Not in a pension fund) OR you own one or more furnished holiday properties either in the UK or EU OR you own one or more Houses in Multiple Occupation (Multi - Let / HMO) The original purchase price was at least £150,000 (£300,000 for furnished holiday lets). You are not a registered charity Contact us to see how we can claim your capital allowance by right. call 0800 4 969594 huvezy3kd9h89qzzsa4x http://www.tenable-solutions.co.uk/shadow-finance.html Shadow Finance Are you looking for finance and cant find it !. Bank been un-helpfull and difficult?, then you need shadow finance. Our unique shadow finance has been designed for business's looking to expand or for business people wishing to start up their own company. We at Tenable Solutions have the solution for any finance issue you may be experiencing at this present time. We can often give a positive decision within 24 hours of your first contact. Contact us for an immediate response. 0800 4969594 8y1938axxmd2219tdly7 http://www.tenable-solutions.co.uk/starting-in-business.html Starting a business at any time can be tough but unexpected events such as redundancy may have left you no alternative but to “go it alone” on the crest of the recession. There are so many decisions to make and so many different avenues for you to explore that it can be challenging to know where to begin. For the past six months we have successfully been holding free, short and informal monthly seminars for people who have made the decision to brave the storm, decide their own future and set-up their own business. The content of the seminars vary dependant on the attendees and the topics covered can be decided by you. Some of the topics that attendees have previously wanted to look at are:- • The difference between sole-trader and limited and the pros and cons • Protecting assets • HMRC and how to ensure you are compliant • VAT registration • Accountancy advice • Marketing – online / offline • Sourcing funding • Federation of Small Business / Chamber of Commerce pros and cons • Employing staff • Cashflow You may be wondering why we run these FREE seminars; the answer to this is simple! Tenable Solutions Limited specialises in business recovery and turnaround. Day in day out we see the mistakes that many people make and IF the worst happens and the business wasn’t set up correctly it can result in expensive legal costs and people losing assets such as their homes etc. We actively encourage business owners to be pro-active in their business and as such we formed Tenable Business Support to avoid any problems that may occur further down the line. To reserve your place on our next free, informal monthly seminar please contact us on 0800 4 96 95 94. 41ygla65rrdq6cjnva2p http://www.tenable-solutions.co.uk/business-seminar.html Business recovery and turnaround is one of the few industries to thrive in a recession, we have a large client database and a plentiful lead source and we now require nationwide, self-employed consultants to run their own fully supported business recovery and turnaround business. Many people dream of running their own business but do not have the knowledge or know which direction to turn. Joining Tenable Solutions Ltd is simple; we offer full training, guaranteed leads in your chosen area and unlimited support. We run short, informal, free seminars monthly at our offices in Wakefield, West Yorkshire. The seminar will give you the opportunity to ask any questions that you may have, discuss the range of packages available, to meet the team and to meet like-minded people who dream of running their own business. Once you have decided that you would like to join the Tenable Solutions Ltd team, our IT department will set up your own personal website, this will hold your own contact details. You will also be set-up with your own unique telephone and fax number. Our marketing team will provide you with all of the marketing support that you need and can arrange for effective, local advertising in your area along with setting up and advising on internet marketing such as blogs, twitter, facebook etc. One question that many people at the seminar ask is with regards to insurance, as this can be costly and time consuming. We are fully insured (professional indemnity), hold all of the correct licenses and you will be covered by Tenable Solutions Ltd at no expense. We offer services which far out rival any of our competitors; all of our services are under one roof – nothing is outsourced. This enables us to keep our costs low and to be able to provide an unrivalled, cost-effective service for our clients. We also offer Tenable Business Support Service; this is available to all businesses – not just the ones struggling. Pure Financial Management is another company within our portfolio; this offers personal Debt Management Plans for individuals struggling with repaying their debts. Another branch of our company is business acquisitions, this is a unique concept within our industry and if the business is in your area or brought to the table by you / your sources then you will be guaranteed a shareholding. From this brief insight I am sure you will now appreciate how our consultants are earning in excess of £60,000 per annum. We have an experienced, professional, internal sales team that generate leads – using trained professionals ensures that all leads are genuine and qualified and that all the information is current and up-to-date. In order to reserve your place at one of our free monthly seminars please do not hesitate to contact us! 0800 4 969594 5gd3j5wym76swbr5rv2w http://www.tenable-solutions.co.uk/magic-keywords.html Magic Keywords For the UK: Magic keywords is very user friendly, and is best viewed is Firefox. You pay £1 just once for life for each Keyword/Phrase you purchase. BULK DISCOUNTS ARE AVAILABLE UPON REQUEST. contact us Please note the £1 price is for ONE Keyword or ONE Phrase. If you do not pay then your keywords/phrases will not show up in the directory. As long as your web site to which you link the Keyword/Phrase remains live then the Keyword/Phrase you purchased will remain yours linked to the web site of your choice. If your site becomes dead or in-active for any reason then the Keyword/Phrase will be made available for other people to purchase. Just follow the simple instructions. 1. Check Keyword/Phrase availability. Click Check. 2. Check your web site you wish the Keyword/Phrase to link to. Click Check. 3. Email confirmation. Click Check. 4. Choose category and sub- category; choose the one that best matches your web site. (if your category is not listed, then use miscellaneous, for sub-category if not listed use "not listed", don"t worry you will still be found on the site, click here to request a new category and/or sub category). Click add to Magic Bag, which is your shopping basket. Click Continue. You will then be redirected to the PayPal payment page. Enter your user name and password on the PayPal page, Click pay. If you do not have a paypal account click here its free and easy to open. When your purchase is complete you will receive an email confirmation from PayPal along with one from magic-keywords, you will then be re-directed back to the home page of magic keywords. You can buy as many keywords/Phrases as you wish. The more Keywords/Phrases you purchase, the more exposure your web site will receive. If the Keyword/Phrase is available you will be able to buy them. If the Keyword/Phrase is not available,then the Keyword/Phrase has already been purchased. In this case enter an alternative Keyword/Phrase. Click to go to tips. Click here to get more worldwide exposure on magic-keywords.com Click here to have an FREE link exchange with magic-keywords.co.uk If you do not see the category or sub-category you require, please let us know and we will add it for you. Click here. Notice: No Hate, No Sick Sites, No Porn, Nothing Offensive can be allowed on Magic Keywords, when found the Keyword/Phrase will be deleted and your web site deleted, you will not be eligible for a refund. www.magic-keywords.co.uk bc1ev2t11x8fxj4u27k1 http://www.tenable-solutions.co.uk/out-of-hours-service.html We understand that during difficult times there are not enough hours in the day. You are fighting against everything and working round the clock to try and make your business to survive. It can be frustrating when the only helplines available are “during office hours” – most business owners we speak to don’t even remember what they are! Taking this into account we are proud to offer professional, expert help from 7am until 11pm seven days a week. You can speak direct with an experienced, qualified professional by calling:- 07595 793236 Ken 07951 145172 Steve If there is no answer, please do leave a message and you will be called straight back. Whatever your issues we can help! It could relate to:- · Bailiffs · County Court Judgments (CCJs) · Winding-Up Petitions · Cashflow problems · Harassment from creditors · Tax / VAT problems If you wish to discuss your queries during “normal” working hours, you can contact the office direct on freephone 0800 4 96 95 94 1gx484e8ekzcz492g55t http://www.tenable-solutions.co.uk/want-to-sell-your-business.html To say that the last few years have been difficult is an understatement so many companies have had no choice but to close their business. Even though you are still trading this does not mean that the pressure has eased, you still have wages, overheads and bills to pay – the stress that this can cause is phenomenal. I am sure that when you made the decision to establish your business this is not what you expected. Many of the businesses we have spoken to feel let down by the banks and the government, they feel that they have been unsupported and left to ride the financial storm alone. Understandably many business owners are looking for solutions, a way to put them back in control of their livelihood and life. There are many options available, you can simply close your doors and lose everything that you have worked so hard for, you can do nothing and wait for the decision to be made for you by a creditor or you can sell your business. You may not have before considered this as a viable option. Do you genuinely know what your business is worth? It may be worth more than you think. If you sold your business you would be released from the strain that you are currently feeling, you would have the funds to start again or if the time is right, to retire. Your company will be fully, professionally and fairly valued by one of our many investors. The assessment comes is free and there is no obligation. I am sure you would be pleasantly surprised with the findings! If you would like more information or for a friendly, informal chat please do not hesitate to contact us. call 0800 4 969594 r18datgwyk9gtaq539p5 http://www.tenable-solutions.co.uk/legal-advice-for-landlords.html We have many years experience in Landlord & Tenant problems, and are able to provide an excellent service to both private and corporate Landlords, with upfront, fair, and fixed fees. Given that millions of pounds of rent are lost to Landlords each year, from tenants whom default in paying their rent, our quick and cost effective service saves money from the start. We are able.............. * ......to reclaim lost rent and evict bad tenants whom are not paying their rent, or whom fail to leave the property when their Tenancy Agreement ends. We can also deal with nuisance tenants whom breach the terms of their tenancy agreement, as well as.. trespassers, and squatters. * .......to prepare eviction notices within 48 hours, and ensure service on the tenant. We can prepare both Section 21 Notices, (used at the end of a fixed term, or after a breakclause), and Section 8 Notices, (used in cases of rent default or other tenancy agreement breaches). * ......to check paperwork to ensure no delays occur in possession. * ......to prepare all Court documentation forming the Claim for Possession, including the Particulars of Claim, and proof of service of Notice, prior to the commencement of Court proceedings. * .......to arrange attendance at County Court on the Landlord's behalf to present the case, in order to secure an Order for Possession, allowing lawful eviction of the tenant. We have sufficient experience to be fully conversant with nearly every defences that a tenant can present. *....... to bring proceedings against the tenant for debts owed, whether the tenant still resides in the property or has left. This will result in the securing of rent, and the entering of a County Court Judgement against the tenant, allowing for subsequent enforcement action. * ......to prepare Assured Shorthold Tenancy and Non-Act Tenancy Agreements on the terms requested by the Landlord, in order to provide high protection of the Landlord's rights. Either the Landlord’s standard agreement can be amended, or a completely new bespoke agreement can be drafted, including any special conditions. All agreements will be fully compliant with the Landlord & Tenant Act 1987, and Housing Act 1988. *.......to provide a legal consultancy for the management of property portfolios, to minimise tenants' rent arrears, to deal effectively with tenants' complaints such as breach of repair covenants, and to defend tenants' claims. The consultancy can be tailor made depending on portfolio size, type, and Landlords specific requirements. 0800 4 969594 u3y1zf8blz34um91xs74 http://www.tenable-solutions.co.uk/the-team.html Ken – Associate Partner Ken has been in industry for over forty years starting on the shop floor and rising through the ranks, his knowledge of running corporate businesses is second to none. Most of the companies had multi million pound turnovers so he knows a lot about cash flow problems and the relentless pressure banks and creditors can put you under. With his unrivalled knowledge and worldly experience he is able to orchestrate and implement practical alternative solutions to help your company recover and secure its assets. His professionalism, integrity and duty of care to clients, means you can put your trust and faith in the fact that he will explore every possible avenue to find a sustainable way forward for your company. Stephen – Associate Partner Steve’s area of expertise is assisting companies from the retail and leisure sector. He has over thirty years experience running (and owning) many types of businesses from public houses, night clubs, leisure centres, gymnasiums, courier and logistics companies, property renting and over seeing buy to let situations. All of these businesses varied in size! Steve has a large network of contacts including investors who wish to invest in ailing companies with potential. Patsy – Accounts / Finance Manager After leaving college Patsy worked for ten years in a very busy college admissions office and then progressed to PA for the college Registrar and Management Information Services Officer. She then ran the accounts for her own courier company as well as various public houses and restaurants. All of these were demanding roles and put her in good stead for Tenable Solutions! She has a meticulous eye for detail, extremely organized and works well under pressure. Running the accounts department at Tenable is stressful and there are strict deadlines to meet. Patsy’s main objectives are to ensure that timely payments are made; this could be by clients or client’s debtors. She works closely with both clients and other members of the Tenable Solutions team. Emma – Office Manager Emma has the difficult task of ensuring the smooth running of the office day to day. She is a part qualified accountant (ACCA) and a fellow member of the International Association of Bookkeepers as well as gaining a Diploma in Financial Management. She has many years experience in accounting and insolvency having trained at one of the Top 10 leading IVA and Debt Management providers since the late 90’s. Over the last decade she has been involved in hundreds of IVA’s across the whole of the UK. More recently she has begun gaining experience within the corporate sector and putting together CVAs, IVAs for Sole-Traders and Liquidation work. Over the years Emma has talked to thousands of worried clients and really empathises with them. She set up and runs Pure Financial Management; this is Tenable Solutions Ltd’s debt management service for people with personal debt problems. Luke – Head of Legal Team Luke has studied Law for over seven years, to degree and diploma standard. He has an Honours Law Degree from the University of Hull and Institute of Legal Executive Diplomas from the Sheffield College. He is currently working towards qualifications from the Insolvency Practitioners Association to expand his Insolvency knowledge and to allow him to specialise in Insolvency Law. He is currently an associate member of the Institute of Legal Executives. He has previously worked in Criminal Law with Peter Kelsen QC and Gulzar Syed of Barristers at Bankhouse in Sheffield. His decision to specialise in the areas of Insolvency and Business Law was because he found them more rewarding intellectually and that it provides greater job satisfaction. Luke provides assistance and advice to individuals, businesses and companies who find themselves technically insolvent positions. He assists with disputes and brokers deals between creditors and clients. Lucy – Sales & Marketing Since the beginning of her career Lucy has always worked in roles which are currently customer focused, for her it has been a natural progression into sales and marketing. The role at Tenable Solutions allows her to use her creativity with the marketing but to continue to be customer focused with the sales! Lucy spends a lot of her time increasing the profile of Tenable Solutions Limited online and has become part of a large business forum (UK Business forum) – this enables her to network with other businesses. She has also researched the benefit of social networking sites such as Twitter, blogs and Facebook. Assistance on sales and marketing strategies can be give by Lucy through Tenable Solutions Ltd for your business. Andy – Customer Care Andy joined Tenable Solutions in August 2009, his previous roles have always been customer focused from staff level to management. Tenable Solutions Ltd takes pride in their customer service; Andy’s experience means he has the knowledge and ability to help customers old and new with his sympathetic manner. Rachel – Case Administrator Rachel joined the company in 2009, since joining the team she has gained a wealth of knowledge and quickly progressed to her current position. She takes pride in her position and works closely with the legal team to ensure that strict deadlines are adhered to and she acts as an intermediary between the client and their creditors. Rachel ensures that the stress is alleviated from the moment the clients instruct us. Jade – Support Staff From January 2010 Jade will be starting a Business Admin NVQ; this will be on day release to the local college. This apprenticeship is offered to Jade in connection with the Governments National Apprentice Scheme, this is an initiative to help young people gain qualifications whilst working. Jade thrives on knowledge and is eager to learn. Her current role is to support other members of the team at Tenable Solutions and this gives her great insight into everyone else’s job roles! ring now and let the team hlpe with your business 0800 4 969594 rdx582tt4mempu328wcg http://www.tenable-solutions.co.uk/testimonials.html CLIENT TYPE: Sole-Trader BUSINESS: Construction AREA: South Yorkshire TYPE OF CASE: Bankruptcy COMMENTS: I was originally referred to Tenable Solutions Ltd through my accountant. Since I first called Tenable Solutions I have always found them to be very helpful – everything was explained in terms I understood and the length of time they took to complete my case was like lightening! I am over the moon with the whole service (especially the legal team) – everything worked out as they said it would and there was no nasty surprises. I would recommend their services to anyone in a heart-beat – everyone was so knowledgeable and approachable. I cannot honestly think of any improvements they could do to make to their services better! DATE: April 2009 CLIENT TYPE: Sole-Trader BUSINESS: Transport AREA: Buckinghamshire TYPE OF CASE: Bankruptcy (defending a petition) COMMENTS: I would like to say a huge thank you to the team at Tenable Solutions Limited with the help clearing the bankruptcy petition which threatened me last month. I know that the team worked tirelessly for the outcome and I am hugely grateful for all the hard work and dedication that went into it. Tenable Solutions Limited dealt with my problem in a sensitive manor and addressed every issue with great care. My thanks are expressed with deep gratitude and I sincerely believe that they will no doubt go from strength to strength and have many more satisfied customers. DATE: July 2009 CLIENT TYPE: Limited Company BUSINESS: Care Home AREA: Staffordshire TYPE OF CASE: Business support COMMENTS: I was originally contacted by Tenable Solutions Limited by letter regarding a CCJ my company had received, from the moment I called Tenable Solutions Ltd I realised that they were on my side. I was advised that as my company had just had a few problems (due to illness) that Tenable Business support Service would be the best thing for me. In such a short space of time my companies credit is improving (they have managed to get the CCJs marked as satisfied and the Winding-Up Petition removed). I found it really helpful and it was nice to speak with someone who understood my problems and had a personal approach. The service is excellent, the staff are professional and helpful I would certainly have no hesitation in recommending their services to my associates. On the whole the service has been fantastic and I really feel that Tenable Solutions Limited are part of my team! DATE: October 2009 CLIENT TYPE: Limited Company BUSINESS: Car part manufacturer AREA: West Midlands TYPE OF CASE: Liquidation COMMENTS: I was recommended the services of Tenable Solutions Limited by a business associate. I was suffering major cash-flow issues and decided to give them a call to see if they could help. After investigating my situation fully it was decided that my existing company would be liquidated and a new company formed. This was done swiftly and I found all of their staff friendly, helpful and knowledgeable. I would have no hesitation in recommending their services. DATE: October 2009 CLIENT TYPE: Limited Company BUSINESS: Construction AREA: Lincolnshire TYPE OF CASE: Compulsory Voluntary Arrangement (CVA) COMMENTS: I was originally contacted by Tenable Solutions Limited by letter due to several CCJ’s I’d received and a Winding-Up Petition. I called Tenable Solutions and arranged a free consultation. I have found that all of the staff at Tenable Solutions are helpful, knowledgeable and punctual – most of all the legal team! I was given regular updates on my case and was extremely pleased with the length of time my case took to complete. I would be more than happy to recommend the services to any business associates as I am so pleased with the way they have helped me turn things around. DATE: November 2009 CLIENT TYPE: Limited Company BUSINESS: Window firm AREA: West Midlands TYPE OF CASE: Company Voluntary Arrangement (CVA) COMMENTS: I telephoned Tenable Solutions Limited after I received a fax; we were suffering from cash-flow issues which in turn had led to a couple of CCJs being issued against the company. From the moment we met with Tenable Solutions Limited we were reassured; we felt supported and gave us the confidence to want to survive. All of the staff at Tenable Solutions Limited were friendly and helpful but I found that they were very approachable. We have already recommended your services to some business associates and will have no hesitation in doing so again! DATE: November 2009 CLIENT TYPE: Limited Company BUSINESS: Textiles (buying & selling) AREA: Derbyshire TYPE OF CASE: Liquidation COMMENTS: “I was personally recommended Tenable Solutions Ltd after suffering with cashflow problems. The staff at Tenable Solutions were extremely helpful and they were always friendly. I also feel that the choice of Reciever was excellent.” DATE: November 2009 CLIENT TYPE: Sole Trader BUSINESS: IT AREA: West Yorkshire TYPE OF CASE: Business Support COMMENTS: “I found Tenable Solutions Ltd through their website and called for advice regarding some problem paying customers, I was recommended to join their business support service. Since joining I feel that my queries have been answered promptly and all their staff are very helpful – in just a couple of days the legal team updated our working agreement. I would recommend their services to anyone and have already recommended their services to a business associate. DATE: January 2010 CLIENT TYPE: Limited BUSINESS: Cleaning AREA: Manchester TYPE OF CASE: Dissolution COMMENTS: “I was recommend Tenable Solutions Ltd by a business associate, I originally contacted them due to cash-flow problems I was experiencing. From the moment I contacted them I found them professional, very helpful and thorough. I am very pleased with the service I received and would have no hesitation in recommending them.” DATE: January 2010 0800 4 959697 q5rr5htwbp3j555hdysd http://www.tenable-solutions.co.uk/asset-protection.html Worryingly the majority of the companies that we visit do not have the correct protection in place for their assets. They may have taken advice from their accountant or simply believe that a Directors Loan offers all the protection they need. What they don’t realize is that if the company closes (or is forced to close) the Directors Loan would not receive any preference over any other creditor. Tenable Solutions Limited offers a proactive approach to protecting company assets; this can be done at any stage of business and guards against any action that may be taken. As companies tighten their belts to ride the financial storm, they are thinking of effective ways to collect their debts. This means that more companies are being issued with County Court Judgements (CCJs); these may be justified or may be part of a dispute. Even if the action taken is a dispute assets can be placed in jeopardy – protecting them correctly ensures that they cannot be taken. Imagine the quandary if a bailiff walked into your premises today (if you premises are solely commercial they can enter without permission) – what could they take? In 99.5% of the cases they can take anything. There is a grey area in bailiff law which covers tools of the trade; it is a little known fact that when bailiffs refer to tools of the trade it only refers to one set. Therefore if for example the debtor runs a large hairdressers employing several hairdressers the bailiff only need leave one pair of scissors, one hairdryer, one set of combs etc. This was an amendment to the 1981 Supreme Court Act in 1996. It states:- “Section 138(3a)(a)(i) such tools, books, vehicles and other items of equipment as are necessary to that person for use personally by him in his employment, business or vocation” Imagine how that could ruin the livelihood of a business; it could be costly and time consuming to purchase new “tools” in a short space of time. Some companies we have visited have illegally protected assets, they have done this with information they have retrieved from the internet. Luckily, we have now ensured that they are protected within the law. Illegally protecting assets could be construed as misconduct and is viewed dimly by the courts and action could be taken on the Directors personally. Tenable Solutions Limited specialize in legally protecting assets, this can be done quickly and conveniently and without disrupting trading. It doesn’t matter whether the company has just set-up, been trading seventy years has £30million or £10,000 turnover. What matters is they have assets that need protecting, this could be physical assets or money personally lent to the company. If you would like to learn more about protecting assets and how it could be of a benefit to your company, contact us for an informal chat. call today 0800 4 969594 to get the protection you need NOW. r7me76ralpruzdfksu68 http://www.tenable-solutions.co.uk/about-bankruptcy.html Small business owners are extremely susceptible to bankruptcy these days, primarily because they put a huge portion of their savings or income into the business, and if the business doesn’t give them a return on that investment, they are left with nothing. These are prime examples of people making financial decisions based on emotion rather than hard facts. You simply can’t keep pumping money into a business that isn’t certain to make money, no matter how much you want the business to survive. Many entrepreneurs are given the choice, either lose your business or lose your home and any assets you have. Obviously, most people ultimately choose to sacrifice their business instead of their lives, but it is nonetheless a very difficult decision to make. To liquidate a business that you have spent years of your life working on can be crushing, and we don’t want to see people having to make this sort of decision, which is why we believe that prevention, not cure, is the best way to fight financial problems. If your business appears to have been hit hard by the financial whirlwind which has swept across the country, all is not lost. Despite what Gordon Brown promised, boom and bust phases of the economic cycle still exist, it is purely a matter of riding them out. Very few people predicted the collapse of the banks and the huge credit issues which most businesses now face, least of all small business owners, but these periods are almost inevitable. Many businesses survive through these periods, possibly because their business does not suffer when luxury spending decreases, or because their business has enough financial clout to be able to withstand some temporary losses. Small businesses are very rarely in this privileged group however, and so they must look to different and creative ways of avoiding spiralling levels of debt. Temporary loans, debt refinancing, debt consolidation; any of these options could give your business the chance to survive the storm and continue trading. Which option you choose - there are many – largely depends on the type of business you own and the future of your business. If you are experience high levels of debt already, you will need to look at refinancing or consolidating your debts so as to make them more manageable. It is highly likely that you will be able to work out a deal with your creditors that will allow you to pay back your loans over a longer period of time, for a smaller monthly payment. These types of deals are great ways of ensuring that your business doesn’t simply go further into the red every month, but the also require a great deal of financial restraint and a strong plan of action for the future. You will need to be able to convince your creditors that your business will bounce back from the difficulty it is in at the current time, which is no easy thing to do. Hiring a professional firm to handle the process of renegotiation could give you more of chance of reaching a favourable deal with your bank. Taking out a temporary loan could allow you to continue trading through a difficult period; however, you will essentially be borrowing money in order to borrow money, meaning that your debts could mount up very quickly indeed. If you are going to take out a loan, you need to be absolutely sure that the loan will help rather than hinder your business. It is also important that you talk to the loan company about your situation, so they know exactly where the money is going. By explaining your financial situation, it may harm your chances of receiving a loan, but it could potentially make the bank give you a more favourable deal to ensure that you will be able to pay it back. 0844 855 0225 ka2f5hz7ra556st8s741 http://www.tenable-solutions.co.uk/world.php world news from around the world np8kjhnyqj5mfqervybf http://www.tenable-solutions.co.uk/windup.html Prevent a winding up petition being successful, pay off your debts and continue trading - call Tenable Solutions NOW to find out how. 0844 855 0 225. The term "winding up petition" usually refers to an application to a court to put a company into liquidation, although companies can be wound up voluntarily without the need for court intervention. A winding up petition is a legal document that is submitted by the party or parties wishing to liquidate the company. These parties may be the directors of the company themselves, or may be a third party such as a creditor. Why issue a Winding up Petition? It is not acceptable for a third party to attempt to wind up a company purely to recover debt, nor is it necessarily in the creditor's interests to do so. However, if all other attempts to obtain payment of money owed have failed, a creditor may issue a winding up petition as a last resort. What happens when a Winding up Petition is issued? If a winding up petition is issued against you, a court hearing will already have been arranged. Winding up a company in this way is also referred to as Compulsory Liquidation. If you have not already sought the advice of a debt counsellor or licensed insolvency practitioner, you must do so now. You will be required to appear in court and, if you wish to address the court in any way, you must have legal representation. If the winding up petition is successful, the court will order that an administrator be appointed to conclude your company's affairs. Any creditors, including employees, HMRC and trade creditors, will be paid from the available funds, and at the end of the process, your company will be dissolved and will no longer exist. What to do if a Winding up Petition is issued First and foremost, if a winding up petition is issued against you, it is imperative that you seek advice at the earliest opportunity. Contact a specialist in debt solutions like Tenable Solutions, who can advise the appropriate course of action. Stopping a Winding up Petition Sometimes it is possible to stop a winding up petition, but only if you act quickly and decisively. Seek advice as soon as possible, for the more time you have to propose an alternative to the compulsory liquidation of your company; the more likely you are to be successful in stopping the winding up petition. However, no matter how close it is to the court hearing, Tenable Solutions can still help. If there is an alternative solution, such as a Company Voluntary Arrangement, we may be able to make a proposal to the court that this path be followed instead. This would allow your company to continue trading and clear its debts. If you receive a winding up petition, it is very important you get professional help and advice asap. 0844 855 0225 3e3e5lqm2ff9tb8zjd1q http://www.tenable-solutions.co.uk/writ-of-fifa.html Writ of FiFa is derived from the Latin term “fiery facias” and forms part of the law of execution; this is another solution after a judgment has been issued. A Writ of FiFa is the High Court equivalent of a Warrant of Execution, but unlike a Warrant of Execution it does not require any notice to be given. County Courts do not have the authority to issue these Writs. It is an order to the authorised High Court Enforcement Officer to seize assets and sell the possessions of the debtor to enforce the money judgement whether that be commercial or residential premises. The minimum amount a Writ of FiFa can be issued for is £600. Court Fees and Statutory Interest may also be added to the original Judgement once the Writ of FiFa has been issued. Once a Judgement has been issued and remains unsatisfied a Writ of FiFa may be issued without notice to the debtor, once the petitioning creditor has paid a fee. A High Court Enforcement Officer is allowed to enter premises to levy execution. However, as with all bailiffs they are not entitled to enter domestic premises where they are denied permission to enter BUT the High Court Enforcement Officer is allowed to enter by “peaceable” means – through open windows, unlocked doors etc. Commercial premises are different and they are allowed to gain entry (peaceable or not) as long as the residential property is not connected i.e. multi-use (pubs etc). Upon lawful entry into the premises any internal doors, cupboards or windows may be broken in order to execute the Writ. On the rare occasion that entry is unlawful, the sale of goods collected IS lawful and therefore will be sold to execute the judgement. The High Court Enforcement Officer would / could be pursued by the debtor for trespass. Contact us if you have received a Writ of Fifa or wish to issue a Writ of Fifa 0844 855 0225 l7wqsjfv9x15dkpugl2y http://www.tenable-solutions.co.uk/warrant-of-execution.html Once a Judgement has been issued against the debtor the creditor can apply for a Warrant of Execution at any point if the debt is between £50 and £5,000 (in Scotland between £600-£5,000). If the debt is over £5,000 then the High Court would enforce the debt in the same way but this is known as a Writ of FiFa. The Warrant of Execution will be calculated by the amount of the judgment; plus the court fees and if granted, the creditor’s costs. Statutory interest cannot be sought of judgement debts of less than £5,000. Once the Warrant of Execution has been issued the court will transfer the judgement to the debtor’s local County Court, in turn they will write to the debtor informing them of the Warrant of Execution. This letter gives the debtor 7 days to pay the amount of the Warrant in full without further action. If the debtor pays within this time frame then the Warrant of Execution is cancelled and the monies are paid to the creditor. During the 7 day period the debtor may apply for the Warrant of Execution to be suspended. This application must state a valid reason (i.e. offer to pay the judgment by instalments). The court would then notify the creditor of the application to suspend the Warrant. If the creditor contests the application the court will list the application for a hearing. The court would then decide whether to uphold the application to suspend or whether the Warrant of Execution still stands. (The debtor has to pay a fee to the court to apply to suspend the Warrant of Execution). If the debtor fails to pay or apply for the Warrant of Execution to be suspended, the bailiff will usually within 15 working days visit the debtor at their home address. They will attempt to identify items which can be sold to recover the debt. Certain items are unable to be taken and the County Court Bailiff has to follow strict guidelines as to how they can take the goods. They are not allowed to break into any property – entry must be via a “peaceable” method such as unlocked door, window. If the bailiff is let into the property by a bailiff he can take payment there and then or may take an inventory of goods. This is known as a “walking possession order”. This means that if payment is not made the bailiff may / will revisit and take the goods. At this point the bailiff is allowed to break into the property if he has entered the property “peacefully” before. A Warrant of Execution lasts for a period of one year from the date of issue. If the creditor wishes to extend the Warrants life beyond one year they must supply the court with sufficient reasons for this to be granted and unless there is exceptional circumstances this should be done prior to the Warrant of Execution expiring. There is a fee to extend the Warrant of Execution. 12k8k7t3pxzzr98qvbfq http://www.tenable-solutions.co.uk/walking-possession-order.html If a bailiff enters a property using peaceful entry he will normally list goods and these form a Walking Possession Agreement, the goods that have been noted now legally belong to the bailiff and can be removed at any time. The bailiff will allow these goods to remain in the property and you can continue to have use of these providing that you keep to your side of the agreement i.e. you make the agreed payments. On some occasions a bailiff may list items that he has seen through the window or letterbox, this does not constitute a valid Walking Possession Agreement and under no circumstances if you have had one of these pushed through your door to sign should you! If a bailiff is allowed entry then it is worth remembering that once they have gained peaceful entry (let in, though an unlocked door / window) then they can come back at any point and gain entry without your knowledge / agreement. As a rule goods sold at public auction will normally sell for around 10% of their original value. This means if you owe £100 – then the bailiff will probably try to seize goods to the value of at least £10,000. A bailiff must only seize goods that belong to the debtor. In practice the majority of bailiffs will attempt to seize any goods to the value of the debt – it would then be up to the individual who owns the property to prove ownership afterwards. yt3jglhb6gfv3l8ldenn http://www.tenable-solutions.co.uk/vatservices.html VAT Health Check We can provide a VAT health check to pinpoint potential problems before they have the chance to cause you real difficulties. Have you any VAT debt at the moment, is the VAT bailiff due, or could one be calling soon?. The VAT will not go away if they are owed any money, unless we help you to make the VAT bailiff go away!. Having looked at your VAT affairs we can recommend a diagnosis to improve your efficiency, cash flow thus creating savings. VAT Returns VAT returns late? Under pressure to submit them? We can help by completing all your vat returns within 7 days, and start negotiating with the VAT regarding any outstanding liabilities you may have. VAT Assessment Help If you're unlucky enough to fall foul of the HMRC and receive a VAT assessment, we can bring our wealth of experience to bear to equip you with the know how on how to mitigate penalties and interest, reduce assessment, or have it completely withdrawn. VAT Planning When undertaking new business ventures, trading overseas or becoming involved in property transactions or share issues, timely planning advice can save time and money and avoid the pitfalls associated with such transactions. VAT Appeals If HMRC will not initially withdraw an assessment or contest a ruling our expert advisor will assist you with advice on how to appeal and carry it forward to the VAT Tribunal. In addition we can advice and assist on how to proceed with cases involving surcharges, penalties, nterest and both civil and criminal fraud. EC VAT Refund We can obtain refunds on Vat incurred within the member states of the EU CALL TODAY WE ACT TODAY: contact us now! Call Now for Instant help & advice. 0844 855 0 225 3yskbgjeemlbh8nk84am http://www.tenable-solutions.co.uk/vat.html Vat returns late? Under pressure to submit them? We can help by completing all your vat returns within 7 days, and start negotiating with the Vat regarding any outstanding liabilities you may have. Vat Problems If your business is VAT registered it is very important to submit your VAT Return and make payments on time. If you don't it could result in a possible fine, court action or even bankruptcy. Where you are unable to pay your VAT it is important to seek help from your financial advisory as soon as possible. Whether you're a small owner managed business or a large company our team of advisors can provide an indirect tax consultancy service to you. Click here for more: VAT services. Tax Do you have any issues with Tax?, if so contact us now so we can take the strain away. 9yw7db4djq11ekp9wk6a http://www.tenable-solutions.co.uk/utilities-electric-gas.html Problems with Power? Help is Tenable – whether disconnection is pending or immediate, you have to contact our dedicated team TODAY. We’re here to help, and IT’S NEVER TOO LATE! We will source you the best price, get you reconnected or keep existing supplies on. The continuous rise in prices for gas and electricity, and more pressure being applied to businesses it means your supply is constantly at risk. Whatever your need or situation – Help is Tenable call now 0800 4 96 95 94 lfp4bgvdutfk383dttcd http://www.tenable-solutions.co.uk/links2.html exchange links get more traffic 3e4xnqff69ng4mtwwywg http://www.tenable-solutions.co.uk/links.html exchange links with us nrkmm4bm6tldw8nwqxe6 http://www.tenable-solutions.co.uk/info.html Avoiding bankruptcy and winding up To keep your business solvent you should bear the following in mind: Do not allow your debts to exceed your assets. Keep an eye on your cash flow. Choose the right business structure. Implement good credit-control structures. Take care before offering personal guarantees for business loans. If your assets - eg stock, buildings, machinery or debts owed to you - equal the amount of loans and debts that you owe, then you are in a situation where all of your capital could be wiped out. Your creditors effectively own your business and if the value of the assets falls further, your creditors could realise that their money is at risk and want it back. This would make you insolvent, as you wouldn't be able to pay them all. To avoid this you need to make sure that your capital is maintained. You should try to keep your own capital up by holding back profits where possible. Do not be tempted to take on loans that would increase your borrowing far above your own investment in the business. Even though you are making profits and have enough capital you can still become insolvent if you cannot make payments on time. You need to make sure that yhou have a good cash flow so that you can pay debts on time. A common problem is to take on too much debt while chasing new business. This is known as overtrading. Careful planning and forecasting will help you to avoid this. Insolvency and Bankruptcy Administration and administrative receivership When a company or partnership gets into financial trouble an administrator or administrative receiver may be appointed. Administration The role of an administrator is to get the company out of trouble and trading again if possible. Administrators can be appointed to a company that is unable, or is likely to become unable to pay its debts. They can be appointed by any of the following: The courts - on application from a creditor, directors or partners. The holder of a qualifying floating charge over the assets of the business. The company or its directors. An administrator's primary goal is to rescue the company as a going concern. If this isn't possible, the administrator will try to get a better result for the creditors than would be possible if the company were wound up. If neither of these is possible, the administrator will sell the company's property to make at least a partial payment to one or more secured or preferential creditors, such as employees or the bank. Administration can also apply to partnerships. When a company borrows money, the lender is usually given some security over the company’s assets to guarantee payment. If the company fails to keep the terms of the loan or encounters financial difficulties, the lender may be entitled to appoint an administrative receiver. An administrative receiver is an insolvency practitioner who has control of the whole, or a substantial part, of the company's property and wide powers over the business. The administrative receiver is mainly concerned with getting back the money owed to the secured creditor. The administrative receiver may sell the assets piecemeal, or sell the whole business as a going concern to pay off the secured creditor, and the costs of the receivership. Insolvency and bankruptcy Winding up and liquidation of companies If your company becomes unable to pay its debts and no arrangement or period of administration is likely to save it then you, as director, can propose a creditors' voluntary liquidation (CVL). In a CVL the company must pass a resolution that the company cannot continue and then call a meeting of the creditors. The creditors will appoint a liquidator who will carry out the winding up of the company. Your company can also be wound up by compulsory liquidation under a court order. If there are sufficient assets, the official receiver will call a first meeting of creditors to appoint an insolvency practitioner as liquidator. You can apply for the court order yourself but usually it will be made by a creditor owed more than £750. In a compulsory liquidation the official receiver is appointed to wind up the business. When your company is insolvent the accounting date is reset to start a new accounting period at the date the liquidator or administrator is appointed. At the end of a winding up a company is struck off the register and ceases to exist. Phone NOW and Stop the worry, we are here to help. 0844 855 0225 4sbwha2nwbqu7h4ev23d http://www.tenable-solutions.co.uk/unenforceable-credit-agreements.html Many people in the UK have a Credit Agreement of some sort. Where these agreements are for amounts under £25,000 they have to comply with the Consumer Credit Act of 1974. In many cases credit companies have not done this properly. If your Credit Agreement is £5000 or more and does not comply with the Consumer Credit Act 1974, then it could be unfair and therefore unenforceable. This could mean that any outstanding debts you have could be completely written off and in some cases any interest you have paid or previous payments made could be reclaimed. We help you obtain compensation arising from consumer credit agreements that are invalid, unenforceable or fundamentally flawed. We will review contracts that involve credit cards, loans (for example, car finance); secured loans, mortgages, bank charges and payment protection insurance. Specialist solicitors, auditors and other professionals will deliver a service designed to assist you in achieving a successful settlement. You DO NOT pay the solicitors anything further as their fees are paid by the lender. What’s more there is only one charge, after our initial assessment if we then agree you has a valid claim we charge £295 to cover audit/ administration costs. w1kxs53khx2pbrzgsy1h http://www.tenable-solutions.co.uk/trust-deeds.html All you want to know about Trust Deeds: One way out of debts is signing a Trust Deed to repay your creditors. In a Trust Deed, the rights to your assets are transferred to a trustee who in turn sells them to pay your creditors. A Trust Deed includes your income that is contributed here for a stipulated time period, usually 36 months. Generally the trustee is a qualified insolvency practitioner. But you must remember that they should be licensed that is must be members of an approved governing body. However the creditors need to accept the Trust Deed to enforce it. It is only after they accept the deed that it becomes binding on the creditors. Protected Trust Deed: Apart from an ordinary Trust Deed, there is a special kind of trust deed- ‘Protected Trust Deed’. Unlike an ordinary Trust Deed, this deed is binding on the creditors. This can stop the creditors from taking any action against you or pushing you towards becoming bankrupt. While in a Protected Trust Deed, you cannot apply for your own bankruptcy or any other debt management programme that comes under the Debt Arrangement Scheme. Signing a Trust Deed There are certain things you need to keep in mind while signing a Trust Deed. You should get adequate information on the after effects on a Trust Deed and its alternatives from your trustee before signing a Trust Deed. Trust Deeds are meant for Scottish Residents and so you can ask your trustee to hand over to you a copy of the Scottish Government’s Debt Advice and Information Package. Remember that the trustee will charge for their service and you are free to select your trustee. Get proper information from your trustee about the charges before you sign a Trust Deed. You can get free advice on trust deeds and your other alternatives from Citizens Advice Bureaux or Local Authority money advisers. Once you sign a Trust Deed: Your trustee will publish your Trust Deed in the ‘Edinburgh Gazette’- a newspaper that is used by the credit industry. All the credit reference agencies and banks will come to know about your Trust Deed. Next, you will have to send intimation to all your creditors and ask them to agree your Trust Deed. If your creditors do not respond within 5 weeks, it is assumed that they have agreed. Once majority of your creditors accept it, your trustee will send the copy of the deed to the Accountant in Bankruptcy. The Accountant in Bankruptcy will now record your Trust Deed in the Register of Insolvencies. Now your Trust Deed becomes a Protected Trust Deed. However a Trust Deed does not include: Fines, penalties, forfeiture orders or any kind of compensation issued by the court. Any fraud liability Obligation to pay ailment Student loans Debts owed to someone who holds a security on your property like mortgage or a secured loan. For more information, visit: www.aib.gov.uk . You can also e-mail at: helpline@aib.gsi.gov.uk Telephone: 0845 612 6460 Fax: 0845 612 6470 Helpline: 0845 762 6171 Citizens Advice Scotland Telephone: 0845 450 0351 Website: www.cas.org.uk A Protected Trust Deed is similar to an Individual Voluntary Arrangement (IVA) in England & Wales. tgyjqxqzxxr4exqnn72e http://www.tenable-solutions.co.uk/bailiffs.html Knock knock - what can I do with a bailiff at my door? Opening the door to a bailiff is the stuff of nightmares. Having your possessions taken away is enough to turn anyone's blood cold. If you believe it's bad now, it could get worse.....So what can you do, I hear you say! At the moment a bailiff does not have the power to enter your home but can enter your business premises without your permission. The Bailiff may be able to enter your home if you have legally related debts such as a speeding fine issued by a magistrate’s court. Neither do they have the power to force entry unless they can provide a court order and often they are only given that if someone owes a court related fine. On the other hand, they can get a court order for fines, fixed penalties enforced by magistrate’s courts or tax arrears. However, and this is a bit of a grey area, bailiffs can enter your home if they don't force their way in - for example, say you're upstairs and you have left your front door open, they could in theory let themselves in. Bailiffs cannot take possessions that are essential to you carrying out your work and livelihood - for example, if you work from home and have a laptop/computer they cannot take it. Neither can they take away essentials such as a cooker or washing machine. NEVER give a bailiff any money if there is any doubt you actually owe any money in the first place - it’s seen as an admission of guilt and could go against you at a later date. 0844 855 0225 3zxpgglafl4df55fhaau http://www.tenable-solutions.co.uk/terms.html This is the web site of Tenable Solutions Ltd. We can be reached via e-mail. For each visitor to our Web page, our Web server automatically recognizes no information regarding the domain or e-mail address. We collect no information on consumers who browse our Web site. The information we collect is not shared with other organizations for commercial purposes. With respect to cookies: We do not set any cookies. If you do not want to receive e-mail from us in the future, please let us know by sending us an e-mail at the above address. From time to time, we make our customer e-mail list available to other reputable organizations whose products or services we think you might find interesting. If you do not want us to share your e-mail address with other companies or organizations, please let us know by calling us at the number provided above, e-mailing us at the above address, writing to us from our contact us page. If you supply us with your postal address on-line you will only receive the information for which you provided us your address. Persons who supply us with their telephone numbers on-line will only receive telephone contact from us with information regarding orders they have placed on-line. Please provide us with your name and phone number. We will be sure your name is removed from the list we share with other organizations With respect to Ad Servers: We do not partner with or have special relationships with any ad server companies. From time to time, we may use customer information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will use for these new purposes only data collected from the time of the policy change forward . Customers may prevent their information from being used for purposes other than those for which it was originally collected by calling us at the number provided above, e-mailing us at the above address, writing us at the above address. Upon request we provide site visitors with access to all information [including proprietary information] that we maintain about them. Consumers can access this information by e-mail us at the above address, write to us at the above address, writing to us at the above address. Upon request we offer visitors the ability to have inaccuracies corrected in contact information, financial information, unique identifiers, transaction information, communications that the consumer/visitor has directed to the site. Consumers can have this information corrected by sending us e-mail at the above address. With respect to security: We always use industry-standard encryption technologies when transferring and receiving consumer data exchanged with our site. If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number, 0844 855 0 225. You may use any part of this web site on your web site as long as a link is placed on the page on your site in question back to the content in question on this site. cnp2xqhpyy6gdap99bpk http://www.tenable-solutions.co.uk/tenable-debt-collection.html The words “debt collection” comes with a lot of stigma. Over the past few years this industry has been tarnished due to unlicensed companies. This makes it difficult for people to know where to turn when they need to collect a debt. Tenable Debt Collection is a subsidiary of Tenable Solutions Limited and we hold a fully up-to-date consumer credit license; this allows us to legally collect debts. We are proud to say that we use effective AND lawful techniques to collect debts whether they are commercial or personal. Many debtors are using the current economic climate as an excuse for the debt and on the back of this are offering token payments in respect of their debts. We work solely for you and we will work with you to find a repayment that suits you – if this cannot be adhered to there are other options available which you may not have considered. If the debt is owed to you by an individual you could have a charging order placed on their property – this would mean that you hold a charge on their property and it would need to be paid prior to the sale of a house in the same way their mortgage would. Another option could be issuing a Stat Demand for bankruptcy; this is a very, very effective way to collect a debt especially if the debtor has assets or is afraid of the publicity that bankruptcy brings! You could even do both – this would mean that if the bankruptcy was granted you would still hold a charge on the debtor’s property. If the debt is owed to you by a company then there are also various routes you can go down, a petition can even be issued to “wind-up” the company. Of course the above options are examples; your individual case would be assessed and then you would be advised on the best course of action. One thing is for certain though – we do not send numerous letters to the debtor in the hope that at some point they make contact. We use all our knowledge and facilities to get your money back and recover your costs. We firmly stand by our company ethos to be honest with our customers, there are no hidden charges. Our experienced staff has a wealth of knowledge on all aspects of debt collection – they can be contacted during office hours to receive a no obligation quotation tx28zctg1jbrxbjv2w9u http://www.tenable-solutions.co.uk/tenable-accountancy.html Tenable Accountancy Services offers a friendly impartial professional service to sole traders, partnerships and small limited companies. Are you are struggling to keep on top of your business finances? We offer a totally unique service that is tailor-made to suit your business’s individual needs. We pride ourselves in providing an efficient and affordable bookkeeping solution that takes the stress out of dealing with your finances and allows you to concentrate on what you do best, running your business Some of the many services we provide include: ® Sorting your paperwork and records (including inputting on to computer) ® VAT Returns ® Self Assessment ® Report producing In addition we can offer advice on: ® Effective debt collection. ® Assistance on elegant exit strategies – do you want to sell? ® HMRC advice – to ensure you are being compliant and to solve any problems/queries. ® Advice on cashflow issues. ® Help raising finance. ® Financial planning advice – both short & long-term. ® Advice on legal matters. Call us today and see what a difference we can make to your business! 0844 855 0225 visit tenable accountancy now bv9p6w8nuhzux7h6ykg4 http://www.tenable-solutions.co.uk/tax.html Taxation Services Taxation is with us and cannot be avoided regardless of how much we would like to. Whether you are a sole trader, a partnership or a company we aim to provide a range of taxation services to cover every stage of your business. The taxation services offered include;- Tax Health check Provide a tax health check to highlight potential issues before it is too late. Tax Returns We can turn your books and records into relevant, accurate and reliable accounts that can be used to complete your tax return. Our aim is to get you on the right basis now to ensure that the tax you pay now is the right tax paid at the right time. HMRC interventions/enquiries We can ensure that you receive the right advice specially tailored to your enquiry. Everyone is dealt with on a one to one basis as one size doesn’t fit all. Our aim is to help put right any errors quickly. In doing this we can minimise any interest, yield or penalties arising. We can provide advice on the new appeals and tribunials system that comes into force on the 1 April 2009. Tax planning We can provide practical easy to follow advice on how to ensure that you do not fall foul of the strict requirements set out by HMRC. The advice we give will tailored to your business needs. Vat. We can help and assist with any problem you may be facing with regard to any issue with VAT. c1xrp32t1rb56njkepj7 http://www.tenable-solutions.co.uk/statutory-demand.html A Statutory Demand can only be made for an unsecured debt. If the creditor holds some security on the debt, then that value must be stated so the unsecured portion of the debt is known. The demand is normally issued to you in person by the creditor, but it may be posted, provided there is proof that you are aware of the demand. Failure to comply with a statutory demand is seen as proof you are not able to repay the debt and as such, the creditor is entitled to serve a bankruptcy or winding up petition to the court. Do not despair! It is not the end. Tenable Solutions Ltd has the Legal knowledge and expertise to deal with such problems and always strives to get the desired result, providing you with a way forward. uuvp74q6m9esnwatebxm http://www.tenable-solutions.co.uk/stat-demands.html A Statutory Demand is a formal request for payment and it gives the debtor 21 days warning to pay the debt. After 21 days it can be followed by a bankruptcy petition. A Stat Demand can be served as soon as the debt is due and does not require a County Court Judgment (CCJ) to be issued first and it can be served without any court involvement. It can be fairly easy for the debtor to get the Stat Demand “set aside” if there is any dispute the court will halt the bankruptcy. This can result in an order for costs being made against the petitioning creditor. The majority of Stat Demands that are issued are done so for “scare tactics” thus being because the average debtor will normally be so scared having received on they will pay up. If a bankruptcy petition does not follow the 21 days notice then this would become apparent. It is very easy for the creditor to issue a Stat Demand, a simple form to complete and the papers can be served by recorded post. There is no need for personal delivery or a solicitor to be involved. Receiving a Stat Demand can be very scary – especially if the debtor has assets such as a house or their reputation / job would be at risk if they were made bankrupt. There are ways that the risk of bankruptcy can be reduced such as:- · The debt is reduced below £750 · The debtor offers to make payments to clear the debt by instalment · The debtor applies to have the Statutory Demand set aside It is recommended that advice be sought if a Statutory Demand is received, everyones circumstances differ. This explanation is for information purposes only. b1wvsbfqtbfa5x55xb65 http://www.tenable-solutions.co.uk/sell-your-business.html Welcome to Montague Lloyd We aim to make sellers happy and buyers profitable How can we do it like this? We make money by putting interested buyers in touch with people wanting to sell Are you tired of looking for a business to buy only to be greeted by uneconomic businesses at unrealistic prices.... Contact us today and ask about our bespoke service, fitting you to the right business at the right price Free to sell. Free to buy www.montague-lloyd.com ADVERTISE A BUSINESS FOR SALE TODAY THROUGH OUR WEBSITE. We are dedicated to helping you to sell your business. Whether you have a fish and chip shop, sweet shop, internet business, restaurant or even a hotel, ANY BUSINESS. We have thousands of serious buyers visiting us each week. We help sell hundreds of different types of businesses every month. Get your business listed For Sale within minutes. We are here to assist you selling your Business. We like to keep things simple! The Online Service is FREE to advertise your business until sold. 100% quicker at selling your Business., than the normal high street agent. SOLD Hi Montague Lloyd. We have just sold our courier business and I just wanted to let you know it was thanks to our advert on your website. It took about 8 weeks to find a buyer, but we got there in end. Thanks. Client from South Yorkshire. GOOD RESPONSE Montague-Lloyd is a great website for selling businesses. By the 2nd day of advertising our Consulting and Training Business for sale we had people calling us to make arrangements to discuss it! DM: NE England. No catch and no obligation! 0800 4 96 95 94 www.montague-lloyd.com ax9zevlj8kf65vjxdlqq http://www.tenable-solutions.co.uk/scotland.html Debt Advice for Scotland. Tenable Solutions Limited are now able to offer advice for companies / individuals in Scotland. There are small differences in the law that covers Scotland and these affect the solutions that you are offered for your problem. It is uncommon for a company to offer advice to Scotland as well as England and Wales but we have a qualified and dedicated team who can provide expert debt advice for Scotland as well as England and Wales. We understand the differences in the law and can advise the best possible route for you based on your personal circumstances. LILA. LILA is similar to the Debt Relief Order which came into force in England & Wales in April 2008. In a nutshell it is a new route to bankruptcy for people who have a low income and negligible assets and reside in Scotland. LILA is a solution for people who are unable to clear their debt because they are unable to repay their debt within a sensible timescale this being because they are on a minimal income and have no assets. LILA is granted by the Accountant in Bankruptcy if you meet the strict criteria. The current cost to apply for bankruptcy via LILA is £100. The current determining criteria for LILA is:- • Earning less than £229.50 per week for 40 hours (if you receive income support, job-seekers allowance, working tax-credits then you will be treated as meeting the low income text even if your weekly income is more than £229.50) • Do not own one single asset worth more than £1,000 and total assets worth no more than £10,000 • Not able to meet your current repayments and charges • Have debts over £1,500 As with everything relating to debt there are pros and cons – everyone’s situation is different. If you would like to find out more about LILA then please do not hesitate to get in touch. Protected Trust Deed. A Protected Trust Deed is similar to an Individual Voluntary Arrangement (IVA) in England & Wales. Unlike many other financial solutions it offers flexibility, affordability and protection from your creditors. If you enter into a Protected Trust Deed, you make one affordable monthly payment to an Insolvency Practitioner (IP); they then distribute this to the creditors. The IP also deals with the sale of any significant assets that you may have and again this would be distributed to your creditors. Some of the advantages of a Protected Trust Deed Include:- • Interest and penalty charges will be frozen. • Repayment is set at what you can reasonably afford and this is all you will pay. • All correspondence and queries from your creditors will be dealt with by your Trustee (IP). • All pressure from your creditors will stop. • After completing a protected Trust Deed (normally 3 years), you will be ready to start afresh financially. If you would like to discuss Protected Trust Deeds then please do not hesitate to contact our experienced and knowledgeable staff. Sequestration. Sequestration is known as “bankruptcy” in England & Wales. It is imperative that prior to Sequestration you seek advice; sometimes another option may be better suited to your situation such as LILA or Protected Trust Deed. The key advantages of Sequestration are:- • Income and benefits will be yours to keep. • Your creditors will no longer be able to pursue you or take action against you to recover what you owe. • You will not have to make further payments to your creditors BUT you will have to pay any surplus income to your Trustee. • You can expect to be discharged after 3 years. With everything there are disadvantages. The disadvantages of Sequestration are:- • If you acquire any money (wages and pension proceeds excluded) or property after the dates of your Sequestration and before the date of your discharge, you may have to surrender these to your Trustee. • If you are in paid employment, you may have to make a regular contribution for more than one year. • If you own any valuable assets (including endowment policies) these will have to be sold. • It is deemed unlawful to incur credit of more than £500 whilst Sequestrated unless the lender is aware that you are an undischarged bankrupt. • You are not allowed to start up or be involved in the day-to-day management of a Limited company. • You are not allowed to act as a Member of Parliament and there are certain other restrictions, such as acting as a member of any school board or local council etc. • Sequestration will be advertised in the Edinburgh Gazette and may be noted by credit referencing agencies. • You may have difficulties in obtaining credit after your discharge. Everyone’s individual situation differs and so does our advice. With a few simple questions we will be able to advise you on the best option to suit you. If you would like to discuss Sequestration please do not hesitate to contact us. Debt Management Plan A Debt Management Plan is the same in Scotland as it is in England & Wales. It should be viewed as a short-term debt solution and is an informal arrangement with your creditors. It is an ideal solution for someone who needs to reduce their monthly repayments in order to get their finances back on track. The Debt Management Process begins by assessing your income and expenditure – once this has been done it then becomes clear how much money you have “spare” each month to pay your creditors. We then negotiate on your behalf with your creditors to accept a lower monthly payment. Once this has been done you pay your monthly payment to us and we then distribute it to your creditors on your behalf. The advantages of a Debt Management Plan are:- • Relives creditor pressure • We manage your monthly payment therefore you pay one simple, affordable payment • In many cases your interest can be frozen or reduced • There are no penalties for cancelling the plan at anytime If you feel that you would benefit from a Debt Management Plan or would like to discuss your options then please do not hesitate to contact us. or call 0844 855 0225 rmzt77426r5whx2qes9a http://www.tenable-solutions.co.uk/repossession.html If you're in arrears with mortgage payments or have had bad letters threatening eviction, we can help you. Even if you've been given notification of a court hearing or have been served with an eviction notice, it's not too late to stop your home being repossessed by your mortgage company. We can always help! Contact us on: 0800 4 96 95 94 8q15dk2w7v6cd5e7gdqm http://www.tenable-solutions.co.uk/PVA.html A PVA is a formal insolvency procedure enabling a partnership to make a proposal to its creditors regarding payment of debts, or a scheme of recovery for the business interests involved. A PVA is similar to a Company Voluntary Arrangement in that it is a formal arrangement with the partnership's creditors for an agreed duration and under terms agreed with creditors. Should a partnership find itself in a position where it is insolvent or experiencing severe cash flow problems, but has a viable business which will generate profits by trading on, there are a number of options available to the partners and/or the creditors under the provisions of the Insolvency Act 1986 and the IPO, such as the formal winding-up of the partnership as an unregistered company (possibly in conjunction with the bankruptcy of one or more of the partners), a partnership administration order (which is similar in procedure and effect to a standard administration order) or a PVA (possibly in conjunction with interlocking individual voluntary arrangement's ('IVA') of one, some or all of the partners). In the case of a PVA, if approved by creditors, the partnership will be protected from the actions of its creditors to allow it to continue its business. The PVA may be approved by creditors on basis that it gives the partnership a certain time frame to realize an asset and/or to make contributions from future profits for a set period, with a view to achieving a recovery to creditors, which may not be available in the case of a winding-up of the partnership. In a PVA, (unlike the procedure for IVA's) there is no protective interim order so consideration should be given to first obtaining an administration order in respect of the partnership, to obtain protection from creditors prior to implementing a PVA. This would depend upon the level of creditor pressure at the time. Implementing a PVA The procedure for implementing a PVA is relatively straightforward, although the proposals for the arrangement can be detailed and, depending upon the partnership's affairs, may be complex to draft. The partners of the firm must propose the PVA and, dependent upon the partnership deed, it is likely that unanimous approval is required. A qualified insolvency practitioner is appointed and acts as nominee and will assist and advise the partners in completing proposals to creditors, which will include details of the partnership's and partners' individual financial affairs. The nominee will report to the court on the proposals and a copy of the report, together with the proposals, will be sent to all creditors, giving at least fourteen days notice for a meeting for creditors to consider and vote on the proposals. At the meeting the proposals will be approved if 75% majority in value of the creditors present in person or by proxy vote for acceptance of the PVA. It should be noted that if more than 50% in value of non-connected creditors vote for rejection of the PVA, it will fail (connected creditors would include employees of the partnership, other partners and their relatives). Once the proposal has been approved, it becomes binding on all creditors who have notice of the meeting of creditors. Secured creditors will not, however, be bound unless they give their express consent. Preferential creditors will be bound if the proposal does not affect their priority or their relative dividend entitlement. The nominee, or another person appointed in his place, will then supervise the implementation of the arrangement. Once the arrangement is in place the partners will retain management of the partnership and the supervisor will monitor the arrangement and ensure that the terms of the proposals are adhered to. It will also be necessary for the supervisor to agree creditors' claims and to distribute funds as and when appropriate. PVA Pros and Cons The main benefit of the PVA is that once it has been approved by creditors, and assuming the partnership complies with the terms of the arrangement, the partnership creditors are unable to pursue the partners' individual estates for payment of any shortfall under the PVA. Other benefits of this procedure are that in the cases of larger partnerships, implementing interlocking IVA's for all of the partners may be difficult or impossible to administer. It is also likely that, particularly in the case of professional partnerships, in view of the fact that any value for goodwill will be tied up in the partners themselves and their ability to generate fees, trading on will probably enhance realizations. In addition, by avoiding bankruptcy proceedings from the partnership creditors, in the case of professional partnerships the partners may avoid expulsion from their recognized public bodies, which could result in an inability to continue working in their profession. The disadvantages of an PVA; are that unlike an IVA there is no interim order so the partnership may be forced to consider an administration order to obtain protection from creditors, pending the implementation of the PVA. An administration order is costly to obtain and may only be appropriate in the case of larger partnerships. A further disadvantage is that the PVA will not protect the partners from the actions of their personal creditors. l16c7dbnkvpvu4td213y http://www.tenable-solutions.co.uk/bankruptcy.html This is always a last resort if you are in serious debt and no other debt solutions such as an IVA or debt management plan will help. It protects you from your creditors and allows you to start afresh but you need to think about it carefully first. A Statutory Demand is a formal document which can be issued to a debtor who has loan repayment arrears. This is the first step of the legal process a creditor may use to obtain a court order to get you to repay your debt. If you do not repay your debts on time, your creditor may use the power of the courts to get you to settle the debt or start making reasonable payments. A creditor has the option to try to bankrupt you, with a statutory demand being the first step of that process. A Statutory Demand requires you to settle the outstanding debt by either:- Pay monthly/weekly payments A lump sum Secure it against a property or other assets. Within 18 days of receiving a Statuary Demand, you may apply to your local County Court to set it aside under the following circumstances: The amount of money owed is in dispute The debt is not payable now. You are prepared to secure the debt to the creditors satisfaction under the creditors stated terms. The amount owed is less than £750. The statutory demand has been issued in error or does not comply with rules. You can and are about to repay the debt. You have a counterclaim of more than the money owed. Ignoring or failing to comply with a Statutory Demand entitles the creditor to present a petition for bankruptcy 21 days from the date of issue. Some companies use statutory demands as a scare tactic. They know that when someone is unable to repay a debt, they generally have more than one debt and that whoever shouts loudest tends to get paid first. However, you should always take a Statutory Demand seriously. If you have received a Statutory Demand, or have been threatened with one, then please call us for advice. You will have more options to repay your creditors than stated in terms of the demand. Call Now FREE 0800 4 96 95 94. tegxfw7gn1zk3cjev99u http://www.tenable-solutions.co.uk/Pure-Financial-Management.html Offering you Pure impartial advice for a brighter financial future Are you struggling to meet your minimum repayments to your credit cards, loans, catalogues or store cards? Call Pure Financial Management today. With one simple phone call we can offer you expert advice based on your situation that is impartial and covering a wide range of options. What are the advantages of Debt Management? ü You only pay one affordable monthly payment ü You will have your own Personal Finance Manager ü We will liaise with all your creditors ü We will ask creditors to freeze interest and charges ü We will pay your creditors on your behalf ü We will help you to gain control of your finances Visit Pure financial management NOW 0844 855 0225 4s9b5wjxz3hfwdqxlnll http://www.tenable-solutions.co.uk/public-house-management.html We are experts in our field of pub management and offer our services to take up temporary tenancies in pubs. We currently have couples who are fully bonded and ready to manage pubs in any area nationwide. Just some of the key points which separates’ us from other pub management companies are:- · We have our own in-house stock-taker and accountant (therefore costs are kept to a minimum) · We are vastly experienced in the licensed trade and have run pubs profitably for a number of years. · All sites are visited once a week by one of our area managers · We operate an open book policy therefore our books can be viewed at any time · All our staff are trained to the highest possible standard with compulsory in-house training · We offer bonuses and incentives to managers in order to maximise trade and profitability · Offer a nationwide service · We have fully bonded couples available immediately · We strive to be the best in the country and our service and standards are impeccable In addition to running our own portfolio of pubs we also have experts on hand to discuss how to increase profitability in pubs with existing tenants, this could be simply ways of increasing footfall or you may be experiencing financial difficulties, or even be looking to selling your business. We offer a FREE consultation and all advice given is without obligation, in the strictest of confidence and can be at a time and place to suit you. Should you wish to have an informal chat or to arrange a FREE consultation then please do not hesitate to contact us on freephone 0800 4 96 95 94. We also offer a 24 hour, 7 days a week boarding up service and total manned security option. Should you wish to discuss this matter then please do not hesitate to contact us for an informal chat 0844 855 0225 q2gxq12q7xrw25qfqzur http://www.tenable-solutions.co.uk/phoenixing.html You may have previously heard the term PHOENIXING and PRE-PACKING – these are common terms for an insolvency procedure professionally known as PRE-PACK ADMINISTRATION. In a nutshell, this is a process where the directors of an insolvent company start a new business; they then buy the assets of the old failed business. Instead of putting additional resources into an already insolvent company the directors are able to use the same funds to set up a new company to obtain the old assets. Once the viable parts of the failed business have been transferred the new company can commence trading successfully without the failed business’s debts and any other liabilities. The old business is then normally liquidated along with the outstanding debts. One of the benefits of PHOENIXING is that it offers stability for employees and suppliers. PHOENIXING is normally considered when the directors believe that the company would be tenable if it could free itself from old debts and liabilities i.e. the main business is profitable on a month by month basis. This can be a very useful, legal process to allow this to be done. If you would like to discuss PHOENIXING / PRE-PACKING / PRE-PACK ADMINISTRATION then please do not hesitate to contact us for an informal chat. kvf76pm72g8nbstbcmnt http://www.tenable-solutions.co.uk/personal-guarantees.html With the uncertain economic climate many companies are requesting a Personal Guarantee (PG) against many credit accounts/leases etc. Once this is signed it means that the director of the Limited Company is no longer protected against debts if their company fails. Signing a Personal Guarantee (PG) can be very, very risky – especially if the director has assets such as a house. Companies offering credit are feeling the pinch at the moment, a Personal Guarantee further ensures that they will not be out of pocket should the Limited Company fail. If a director signs a Personal Guarantee and their business diminishes then the company will pursue the matter through the court to fulfil the debt. There are various routes that they can go down such as a charging order, interim order or bankruptcy. Prior to signing any agreements you need to seek professional advice, this is to ensure that you are protected. We see many people who have unwittingly signed agreements with Personal Guarantees (PG) – once the agreement has been signed there is not much that can be done about it. It is imperative that advice is sought prior to signing. If you need assistance with any agreements or if you have a Personal Guarantee which is currently being enforced then do not hesitate to contact us. su8lspsarwxj6zfecbaq http://www.tenable-solutions.co.uk/missold-payment-protection.html The Citizens Advice Bureau and the Financial Ombudsman have reported that there has been a systematic miss-selling of Payment Protection Policies, and that in a large number of cases the miss-selling has cost consumers thousands of pounds. Payment Protection Insurance (PPI) is offered with nearly every type of credit and if it was miss-sold, we can now claim back every premium previously paid, which could be thousands of pounds. There are many reasons why you may have a valid claim, for example: When obtaining credit with a loan or credit card were you: Self-Employed, Retired, Student or Homemaker? Told you had to take out the PPI to get the credit? Pressured into taking PPI? Were not told that it had been included until it was too late? If this was the case and you were NOT advised of an alternative or your medical history checked, the chances are you have been miss-sold and you could be in line to claim thousands of pounds in compensation. You have the confidence in knowing that a professional SOLICITOR is dealing with your case. b3htrb5ku3hw9zbly4ly http://www.tenable-solutions.co.uk/mission.html Our mission is to take a genuine interest in our clients and understand their objectives. We offer professionalism, commitment and teamwork to assist them to reach a swift and effective solution to their very difficult and sometimes daunting financial dilemmas. In pursuit of this mission we hold these values:- · We strive to become one of the most sought-after providers of business solutions nationally. Our network of lawyers, accountants, barristers, high court sheriffs and business angels assist us in meeting this goal. · We endeavour to meet or exceed the expectations of our clients in all aspects of their financial difficulty and to maintain the highest standards of professional integrity. · To offer impartial, informed advice to enable the customer to make the decisions that are right for them and their business. · To alleviate the stress and worry that financial difficulty can cause. · Customer service is paramount to our business. We speak in terms that our customers can understand. · To keep the customer informed and updated regularly on the progress on their case. · We offer a free, no obligation advisory service to help find out what difficulties our customers have and how these can be overcome. · To stand by the company ethos that “You call today, we act today, the worrying stops today”. 9wsz7gcecus2jhbmhpg1 http://www.tenable-solutions.co.uk/mailing.html Please enter your details below, and we'll keep you up to date with all of our latest tips and information. 7u8s6cg8atmymxd47t8p http://www.tenable-solutions.co.uk/limited-company-re-instatement.html Has your limited company been struck off? through no fault of your own. We can always restore a limited company back to the company register. Then we can help and get your company re-instated. mdb9mssuseg89xslrwsy http://www.tenable-solutions.co.uk/liquidation.html Many people ask us this question every day and it's really a straight forward answer. Liquidation usually means, the company's trading stop and its assets are turned into cash or "liquidated". All other possible liabilities, like employment or renting a property, are stopped. There are three types of liquidation in the UK: Creditors Voluntary Liquidation Compulsory Liquidation Members Voluntary Liquidation Creditors Voluntary Liquidation Creditors Voluntary Liquidation is started by the directors, they tell the shareholders the company is not viable, it is insolvent and they must stop trading. The shareholders then ask a licensed insolvency practitioner to call a creditors meeting as soon as possible (not less than 14 days notice is required). At this meeting the creditors vote to appoint a liquidator. So, this is why it's called Creditors Voluntary Liquidation. It's very common, quick and a very powerful way to close a business and deal with things properly. You can get on with a new business or job, the company is closed, leases cancelled and all the staff made redundant. What does a liquidator do? He or she runs the liquidation, fills out all the forms, calls all meetings and investigates the conduct of the directors before the liquidation. He collects assets and turns them into cash. He then works out the debts and pays the creditors from the assets, if there were any. What do we do? The directors have to fill out a detailed questionnaire for the liquidator. They MUST provide all of the books and records to the liquidator. After this there is a creditors' meeting which a director must attend. After that, very little else usually. Don't worry; you can be a director of another company! But always act properly, don't take chances and think you are a smarter than the law. You aren't, lots of people think they are and end up in trouble. Call us now, ask all the questions you want for free. Compulsory Liquidation This is a different type of liquidation. It is started by a creditor who has usually not been paid for supplies or services. He or she will ask the High Court to hear a "Petition" to wind the company up. If the Court agrees and or the debt is not paid; then a "hearing" is held in front of a High Court judge who then passes an order to wind the company up compulsorily. This is a common tool for debt collecting; all the creditor has to do is have an overdue debt over £1500 and then ask a solicitor to start the winding up process. Facing this threat? CALL NOW! Tenable Solutions can always help. 0844 855 0 225. We can use our huge knowledge of the law to stop this process, if you have a viable company. Most often it is the tax man or the VAT that issues petitions, they simply want to get the taxes collected or stop you trading to stop the tax debt rising. Facing this threat? CALL NOW! 0844 855 0 225 and stop the worry. Members Voluntary Liquidation This is used when a company has lots of assets but no further purpose. The company assets are liquidated and turned into cash; this is then paid to creditors and shareholders. In MVL every creditor has to get paid in full. Most often this is for rich companies with lots of assets. Whatever problem you may face, we can help you NOW, but, only if you call us NOW 0844 855 0 225. CVA A CVA is similar to an IVA but for companies rather than individuals. It is a legal procedure that enables a company to make a binding agreement with its creditors and shareholders, describing how the company's debts and credit liabilities are to be managed, while allowing the company to trade. c2dl16nncvg29u5ct7mz http://www.tenable-solutions.co.uk/judgement.html If nothing is done with regards to the CCJ then the “claimant” can request for a Warrant of Execution to be issued (please see separate section of this for full explanation). The CCJ will be registered on the Register of Judgments, Orders and Fines and the majority of entries stay on the register for six full years. Organisations such as credit companies, bank & building societies use the information on the Register to decide whether to offer accounts or not. Having a CCJ can make it very difficult to obtain credit. 7mqfjln2wl162hteau7u http://www.tenable-solutions.co.uk/insolvency.html You are not able to meet expenses as they become due for payment. You will also be Insolvent if your business assets are less than your debts outstanding. If you cannot find the cash to pay these debts insolvency will lead to bankruptcy. Bankruptcy can apply to both individuals and sole traders that have given their personal guarantees for loans. Liquidation and Winding Up applies to companies. An IVA (Individual Voluntary Agreement) applies to individuals, sole-traders and partners. It normally lasts for 5yrs. An Insolvency Practitioner will calculate how much you can afford to repay each month. 75% of your creditors need to agree and once accepted by all parties payments can commence and creditors can take no further action unless the agreement is broken by you for non-payment. This is an alternative to Bankruptcy. 5vlmv6tcck9qb57nrnkb http://www.tenable-solutions.co.uk/interim-charging-order.html A Charging Order is another approach that a creditor can take in order to make the debtor repay a debt. Generally this is done when a creditor has issued a CCJ and it is a way to enforce the CCJ should it not be paid in full or if any of the agreed instalments are missed. A Charging Order gives the creditor security of the debt. Once the Charging Order has been granted the debt becomes “secured” on the debtors’ house / land in the same way a mortgage or secured loan is. The first step of a Charging Order is an Interim Order, this can be issued to the debtor without a hearing, normally it outlines the date for the Charging Order hearing (21 days notice must be given) which will be heard in front of a District Judge. As a precaution a copy of the Interim Order will also be sent Land Registry and this will be noted – this makes it impossible for the property to be sold. The Land Registry will also inform the debtor in writing that an Interim Order has been made. If the debtor objects to the Interim / Charging Order then it is imperative that they send their written objections along with any evidence to the petitioning creditor at least seven days prior to the hearing. It is also good practice for a copy of this to be sent to the court and the petitioning creditor’s solicitor (all should be sent by registered post). At the Charging Order hearing the District Judge will decide whether to make a permanent charge on the property – he will take into account evidence / objections from both sides. It is imperative that the debtor attends the hearing as if they do not it is more likely that the Charging Order will be granted. If the hearing is not at a local court then the debtor can apply for it to be transferred to a local court – the form to complete is N244 and there is a fee. The District Judge must consider whether it is reasonable to make a charging order. Under the Charging Orders Act 1979 they have to consider all of the circumstances of the case such as the personal circumstances of the debtor and whether if the Charging Order was granted it would be “unduly prejudiced” – this means that if the Charging Order was granted there would be a disadvantage to other creditors that the debtor may have. If the property is in joint names but the debt is in a sole name – the other owner of the property has the opportunity to explain why they do not feel that the Charging Order should be granted. Some of these objections could include: who has paid for the deposit or who has made the mortgage payments. All of these are valid points but must be sent to the court, petitioning creditor and petitioning creditor’s solicitor at least 7 days prior to the hearing. If the Charging Order is granted it is very rare for a court to allow a creditor to sell the property. The majority of creditors are happy to wait for the home to be sold at some point in the future. If the creditor requests that the property is sold there must be another hearing, again the District Judge would decide using objections / arguments from both sides whether to grant this. y5tyupdxqhdegt1vf2cz http://www.tenable-solutions.co.uk/help-for-heroes.html Practical, Direct Support for our Wounded Help for Heroes (H4H) was founded by Bryn and Emma Parry after a profoundly moving visit to Selly Oak Hospital in the summer of 2007. Bryn and Emma met some extraordinarily brave young men who had been badly wounded and they just wanted to do something to help. The charity was launched in October 2007 and, with the backing and support of Celebrities, including Jeremy and Francie Clarkson, The Royal Family, The Media and countless ordinary decent people, it has raised over £1m a month since then. The message is simple, H4H does not seek to criticise or be political, we simply want to help and to do so by asking everyone to do their bit to raise money. Once that money is raised, we go to the experts in the Army, Royal Navy and Royal Air Force for guidance as to how best to spend it. It is our intention to spend all we raise on the practical, direct support of those wounded in the service of our country since 9/11. We give capped grants to those charities and groups best able to provide the facilities and services we want our blokes to have and we work very closely with many existing Service Charities. We do not deliver individual benevolence, as that is the work of the existing charities. When we set up, we wanted to ensure that we would be as efficient as possible so our policy is money in and money out. We are not trying to build large reserves, we want your money to be used and quickly. We have either spent or allocated £24m to date on facilities and services and are working hard to raise more as we can spend all we get, so don’t stop! We set up H4H Trading to sell products and the profits from their sales mean that we can cover nearly all of our operating costs so rest assured, if you give us £10, at least £9.80 will go to the cause…. And that is better than any other charity we know of. We are working hard to raise more money and we are passionate about what we are doing. It is needed, it is appreciated and we are making a real difference to the lives of some extraordinary young men and women. Please join us in helping our Heroes . Thank you The Help for Heroes Team 775azgwu5254nnwm4qg5 http://www.tenable-solutions.co.uk/google-results.html google results for tenable solutions limited web site l16yqg7pp97q5yfcfsph http://www.tenable-solutions.co.uk/healthcheck.html Hopefully your business will be thriving despite the current economic climate, but as I’m sure you’ll appreciate the majority are not. Many of our clients contacted us after they felt they could “bury their heads” no longer and at the eleventh hour; leaving your problems can be costly. We are now promoting our business health check, this can be used at any stage of business and whether you are a sole trader or a large Limited company. Any problems starting to surface can be “nipped in the bud” and you may find new ways of increasing profitability! This is a FREE service and as with all our services there is no obligation to act upon any advice given. 2aq5sfbdenyvrvawvq6e http://www.tenable-solutions.co.uk/support.html Freeing oneself from a debt problem is not easy, so you need expert advice based on your situation that is both free, impartial and covering a wide range of options. We advise both individuals and companies on different debt solutions. We offer a total a business recovery solution and in each case we only recommend the least drastic and most effective remedy based on your individual situation. For example only 2% of people who call us end up in an IVA. Our advice does not cost you anything. We will at all times be honest and ethical with our advice without any obligations to you. No hard sell, no salesmen just honest, friendly advice. So call us today - 0800 4 96 95 94 CALL TODAY...WE ACT TODAY....THE WORRY STOPS HERE Detailed Information: Click for further information on any financial issues relevant to you: VAT Problems Debt Issues Insolvency Bankruptcy IVAs CVAs PVAs Winding Up Liquidation The Bailiffs Equity Release Repossession zdsrb8mjwtet7gq35fs7 http://www.tenable-solutions.co.uk/financial.html VAT Control Problems with the VAT Man? We can help you sort all this quickly. We can complete your VAT returns often within seven days and we can maintain up-to-date records if need be by post Our VAT specialists can sort your VAT issues and get them under control before you lose control. Business Sales We can sell your business quickly and easily. Company Formations We can cover both onshore and offshore around the world to protect your assets. Specialist Finance We provide funding solutions for: Commercial Mortgages - owner occupier/investment Development Finance up to 100% land purchase and build cost Bridging Finance up to 100% Buy to Let Finance up to 100% Specialist Project Finance Sectors covered include retail, leisure (pubs, hotels, restaurants), Agriculture, Industrial. Unique deferred finance to purchase a business up to 100% INVOICE FACTORING SERVICE Factoring boosts your cash flow by releasing up to 90% against unpaid sales invoices ( less a small service fee) within 24 hrs of you raising them. The remaining balance is paid when your customers settle their outstanding bills. Thousands of businesses have already discovered the benefits of factoring: Funding is flexible and linked to your current and future trading levels and needs You can plan ahead more confidently, because you know that a fixed percentage of monies invoiced out will actually be available at a given time Professional credit control gives speedier cash flow, providing freedom to grasp business opportunities. 3buv9qr4gdpnxewbtcgs http://www.tenable-solutions.co.uk/equityrelease.html “The Ethical Equity Release Company” putting Tenants First. How it all works Selling and renting back. with up to 100% paid of the value of your house. We offer total secure tenancies should you wish to sell and rent back. We can also offer our unique equity share scheme, whereas you keep upto 50% of the equity that can be released to you at a later stage. With sell and rent back we think our clients are getting the best of both worlds. You can release the equity you have in your property without having to move home. In almost all cases property is sold to us and rented back this results in a cash-back to the owner and rent payments lower than the mortgage. Don't forget; if you're renting a property you have no maintenance costs and no buildings insurance to worry about. We can even arrange a 'rent free' or ‘reduced rental’ period or a mixture of both, you decide! Remember; you don't need to leave your home just because you sell it. In almost all circumstances we can rent your property back to you. Rent then Buy back option at a date in the future. with our unque equityshare scheme Not only can you sell and rent back your property from us, you can also have the option to buy it back at a later stage. This option allows you time to get back on your financial feet and gives you the opportunity to buy your property back at a discount. Rent free and fixed rent packages. Not only can you rent back your property from us, we can also arrange ‘rent free’, ‘reduced rent’ and ‘staged rental’ periods or a mixture of all three – you decide! NO FEES, NO OBLIGATION, LEGAL FEES PAID. Selling your property has never been easier when you use Quick Cash. There are no fees, no survey charges, no commissions or hidden costs of any kind. We even pay your legal fees in full when you use our recommended solicitors. You are under no obligation, so why not contact us to find out if we can help and use our free valuation service. COMPLETELY CONFIDENTIAL SERVICE. Quick Cash offer a completely confidential service. We are very discreet and understand that for some people, confidentiality is paramount. Unless we have been authorised by you we will never discuss your personal details with anyone, therefore no one needs to know your circumstances have changed. As we are not an estate agent there will never be any public advertising with regard to the sale of your property. “We can also help confidentially remove all your debts using government legislation, to become debt free and worry free” In Summary: We specialise in tailoring a solution to suit your specific needs, options can include: Quick and guaranteed purchases Completion dates to suit Rent free / reduced rental periods or a mixture of both Long or short term fixed rental periods Staged rental payments Buy back options Whatever you have in mind we will tailor make a solution to accommodate your needs, so call us now for a no obligation chat to see if we can help. t 0870 874 6222 f 0870 874 6333 www.ethical-equity-release-company.co.uk enquiry@montague-lloyd.com Footnote: By Using Quick Cash, unlike any other Company in this field, you WILL save even more money with us and be left with more money. Our costs are around 20% to 50% cheaper than our nearest rivals. If you have any enquiries or would like further information please contact us today! jz6rrkt3akqugfkyfhpy http://www.tenable-solutions.co.uk/employment.html At Tenable we are always on the look out for top class high calibre Business Consultants. You will have a serious work ethic, where the client always comes first. If you feel you are ready for a career change or a move from your present company, please feel free to get in touch. 6q6b84mwjub4tdkupulv http://www.tenable-solutions.co.uk/design.html Corporate Print Services To make your business stand out you need to present a good image. Use our professional services to develop a strong identity for your business. Our services include: Logo Design Full Colour Business Cards Full Colour Letterheads Sales Brochures Please call us NOW for a competitive quotation WEB DESIGN SERVICES Many of our clients want to get their business onto the internet but find the process complicated and expensive. This service has been designed to help companies get started on the net for only £1.92 per week. The package includes the following features: Domain Name of your choice example: www.yourcompanyname.co.uk Host on our secure and reliable servers and enjoy the added benefits of email facilities with full technical support for Webmail and Outlook Express Website - designed for you featuring: company address telephone/fax numbers pictures/photographs list of service provided company name your logo Design of extra pages are free of charge. visit easypeezysites for award winning search engine friendly web sites. no-one gives you more for less. free site maps, free add it box, free rss, free search engine friendly script eg6wc6ccygaaa92n3k4k http://www.tenable-solutions.co.uk/debt-relief-orders.html DEBT RELIEF ORDERS FREQUENTLY ASKED QUESTIONS The following is correct as of January 2009, but please note that the processes and legislation are in the final stages of development and the details below may change. 1. General Information – of interest to all 2. Information for debtors 3. Information for creditors 4. Information for advisers 5. Further information 1. General Information When will debt relief orders (DROs) become available? It is anticipated that debt relief orders will come into force on 6 April 2009. Who might DROs be suitable for? People with relatively low liabilities, little surplus income and few assets and who are unable to pay off their debts in a reasonable time. What are the requirements for a debt relief order? The requirements will be detailed in secondary legislation which is not yet in force, but it is anticipated that the following will apply: • The debtor is unable to pay his/her debts; • The debtor’s total unsecured liabilities must not exceed £15,000; • The debtor’s total gross assets must not exceed £300; • The debtor’s disposable income, following deduction of normal household expenses, must not exceed £50 per month. • The debtor must be domiciled in England or Wales, or in the last 3 years have been resident or carrying on business in England or Wales. • The debtor must not have previously been subject to a DRO within the last 6 years. • The debtor must not be involved in another formal insolvency procedure at the time of application for a DRO, such as: a) An undischarged bankrupt; b) A current Individual Voluntary Arrangement; c) A current Bankruptcy Restrictions Order or Undertaking; d) A current Debt Relief Restrictions Order or Undertaking; e) An interim order f) A current pending debtor’s bankruptcy petition in relation to the debtor but the debtor has not been referred to the DRO procedure by the court as a more suitable method of debt relief; g) A current pending creditor’s bankruptcy petition against the debtor but the debtor has not obtained the creditor’s permission for entry into the DRO process. How will a DRO be made? DROs are applied for online, with an approved intermediary helping to complete an application. Upon receipt of the application and payment of the fee, an Official Receiver is able to make the order, administratively, without the involvement of the court if it appears that the applicant meets the requirements. The Official Receiver is able to refuse to make an Order or can choose to delay the decision pending further information from the applicant. What are the effects of a DRO? During the period that an order is in force, the debtor will: • Be protected from enforcement action by the creditors included in the application (bar certain creditors whose debts cannot be scheduled in the DRO and those creditors whose debts are included in the DRO but who have successfully obtained leave from the court to pursue their debts). • Be free from those debts at the end of the period (normally12 months from Order). • Be obliged to provide information to and co-operate with the Official Receiver. • Be expected to make arrangements to repay their creditors should their financial circumstances improve. As with other forms of personal insolvency, a DRO debtor’s credit rating will be affected and there will be civil and criminal penalties for those who abuse the system. The Official Receiver is able to investigate, either on his own account or as the result of an objection from creditors, and is able to revoke the order if the debtor is found to have failed to provide a full and accurate account of their financial affairs (for example, an understatement in their assets or income). Failure to provide such an account may result in civil and criminal sanctions. What restrictions will be placed upon a person who has a DRO? For the duration of the Order, the debtor will be subject to similar restrictions as in bankruptcy, and their details will be on the publically available Individual Insolvency Register (available at www.insolvency.gov.uk) These restrictions include the following: • The debtor must not obtain credit of £500 or more, either alone or jointly with another person, without disclosing that they are subject to a DRO to the lender. • The debtor may not carry on a business (directly or indirectly) in a name that is different from the name under which they were granted a DRO, without telling all those with whom the debtor does business the name under which they were granted a DRO. • The debtor may not be involved (directly or indirectly) with the promotion, management or formation of a limited company, and may not act as a company director, without the court’s permission. • The debtor will only be able to obtain a DRO once every six years. Furthermore the Official Receiver will be able to apply for a Debt Relief Restrictions Order, similar to the bankruptcy restriction order, which will extend the period of restriction for up to fifteen years for debtors who are dishonest or culpable. 2. Information for Debtors How can I get a DRO? By seeking financial advice from a debt advisor and if a DRO appears to be appropriate, an approved intermediary will be able to help you complete the online application. The intermediary may be the same person from whom advice was originally sought, or may be a further advisor that you are referred to once it is considered that a DRO is appropriate. You cannot apply for a DRO without the assistance of an intermediary. To apply for a DRO involves payment of a fee which will be less than £100. 3. Information for creditors If I have information to indicate that the debtor does not meet the criteria, what should I do? Provide that information to the Official Receiver who will consider every valid objection and is able to revoke a DRO if appropriate. Are DROs just an easy way for people to run up debts then get them written off? DROs are aimed at people with no assets and a low income with no other access to debt relief and no prospect of the situation improving. If people do have assets or there is a possibility of an improvement in financial circumstances, a DRO is not an appropriate solution and other debt remedies are available. Whilst the official receiver will not automatically investigate cases, he or she is able to do so. Investigations may lead for example to a revocation of the order or an application to court for a restrictions order, the effect of which is to extend the restrictions placed upon a person under a DRO for a period up to 15 years. 4. Information for advisers What is an intermediary? A trained debt advisor who has been approved to act as an intermediary by a ‘competent authority.’ What is the role of the intermediary? An intermediary is an experienced debt adviser. It is only an intermediary that can assist a debtor to complete an application for a DRO. The intermediary may have provided the initial advice to the debtor but otherwise needs to be satisfied that the debtor has received such advice and that a DRO is the appropriate solution. It is anticipated that the intermediary will have completed basic checks on the information provided by the debtor, such as considering paperwork and evidence of income, liabilities. If it is considered that a DRO is suitable in the circumstances detailed by a debtor, the intermediary will help to complete the online application upon the debtor’s request. How can I become an intermediary? By application to a competent authority. A list of the competent authorities will be made available on our website very shortly. You will need to contact the relevant competent authority, not The Insolvency Service. The application will include demonstration that the legislative criteria have been met, as detailed in Part 2 of The Debt Relief Orders (Designation of Competent Authorities) Regulations 2009 ie ‘the draft regulations’ on the Debt Relief Order page of our website. Will I need training? It is for the competent authority to be satisfied that its intermediaries are appropriately trained and that body will provide relevant details of its requirements. What is a competent authority? A body designated by the Secretary of State as being able to authorise intermediaries. It will be a matter for the competent authority to determine the suitability of each intermediary that they authorise and to ensure those intermediaries have, for example, appropriate training, experience, complaints procedures, equal opportunities procedures. 5. Further information Where can I get more information? Information leaflets are being developed and will appear on the publications section of our website in due course. The primary legislation, the Tribunals, Courts and Enforcement Act 2007 is available at www.opsi.gov.uk (http://www.opsi.gov.uk /acts/acts2007/ukpga_ 20070015_en_1) Debt relief orders appear at clause 108 and are detailed in Schedule 17, page 266 onwards. The original consultation document entitled ‘Relief for the Indebted – An Alternative to Bankruptcy’ is available from www.insolvency.gov.uk under the section entitled ‘I am interested in insolvency law, policy changes and evaluation and consultation,’ then follow the link to the consultation register. A summary of the work of the Intermediaries Working Group is available from www.insolvency.gov.uk under the section entitled ‘I am interested in insolvency law, policy changes and evaluation and consultation.’ Further questions about the legislation or policy of Debt Relief Orders should be addressed to Sarah O’Sullivan, Senior Policy Advisor, The Insolvency Service, telephone 0207 291 6766 or email to sarah.o’sullivan@insolvency.gsi.gov.uk Questions concerning the Official Receiver’s role and the DRO process should in the first instance be addressed to The DRO Unit, The Insolvency Service, telephone 01752 635200 or email to DRO.Unit@insolvency.gsi.gov.uk Copyright Notice -------------------------------------------------------------------------------- © Crown copyright 2006 The material featured on this site is subject to Crown copyright protection unless otherwise indicated. The Crown copyright protected material (other than the Royal Arms and departmental or agency logos) may be reproduced free of charge in any format or medium provided it is reproduced accurately and not used in a misleading context. Where any of the Crown copyright items on this site are being republished or copied to others, the source of the material must be identified and the copyright status acknowledged. The permission to reproduce Crown protected material does not extend to any material on this site that is identified as being the copyright of a third party. Authorisation to reproduce such material must be obtained from the copyright holders concerned. The Insolvency Service encourages users to establish hypertext links to this site. For further information on Crown copyright policy and licensing arrangements, see the guidance featured on the Office of Public Sector Information' website at http://www.opsi.gov.uk/advice/crown-copyright/copyright-guidance/index.htm Request a callback 0844 855 0225 nz8jnk619jhbnprhulpg http://www.tenable-solutions.co.uk/debt.html If you think you are in serious debt then it is always best to seek help at the earliest opportunity before it gets worse. “Remember” a problem shared is often a problem halved and can soon help get rid of those sleepless nights and relentless creditor pressure. If you have already in your possession, CCJ`s, Statutory Demands, Petitions for Bankruptcy or Petitions for winding up of your business, we have the answers. Don’t delay; ring our experienced team of experts today. ARE YOU BEING HARASSED BY YOUR CREDITORS Harassment of people in debt by creditors or their agents is a criminal offence under the Administration of Justice Act 1970; we at Tenable Solutions take immediate action with the offending creditors, outlining the fact that we are trying to seek a quick and speedy solution, to alleviate the situation for both creditor and the client and by their actions are in effect slowing that process down. LEGAL ACTIONS SERVED BY CREDITORS County Court Judgements; the CCJ is the start of your finances spiralling out of control and could lead to you making payment plans that you can not adhere too, especially if you have more than one in your possession. If you dispute the debt, return the claim form immediately stating why this action will avoid the Judgement going against you and ultimately ruining your credit rating. If you agree with the Judgement, but can not pay, that’s when the creditor starts issuing Statutory Demands and putting you under pressure. It is no use robbing Peter to pay Paul, which is what normally happens, This is only putting off the inevitable. Talk to the experts at Tenable Solutions Ltd, you will be amazed how quickly the problems get solved and you can start thinking 100% about your life again. Statutory Demands; A Statutory Demand can only be made for an unsecured debt. If the creditor holds some security on the debt, then that value must be stated so the unsecured portion of the debt is known. The demand is normally issued to you in person by the creditor, but it may be posted, provided there is proof that you are aware of the demand. Failure to comply with a statutory demand is seen as proof you are not able to repay the debt and as such, the creditor is entitled to serve a bankruptcy or winding up petition to the court. Do not despair! It is not the end. Tenable Solutions Ltd has the Legal knowledge and expertise to deal with such problems and always strives to get the desired result, providing you with a way forward. Petition for Bankruptcy; Bankruptcy can be quite a daunting prospect, but if handled correctly, can be avoided. The creditor has usually lost patience and feels this is their only option, once we open up negotiations and fully explain your situation; we normally get them back on side. The Judge ultimately decides, but if presented with a solid tenable solution, will avoid you going bankrupt. See Bankruptcy below! Petition for winding up of a Business; Somewhat like a Bankruptcy Petition, the Judge ultimately decides but if presented with a solid tenable solution, will avoid the company having to cease trading. REQUIRED ACTION. We offer a very thorough consultation with one of our associate partners, which is FREE of charge and with no OBLIGATION. This can take place in your own home, business premises or a venue of your choice and we will discuss the following options: Voluntary arrangements; these can either be individual (IVA) Partnership (PVA) or Company (CVA) and all have a strict criteria. No two cases are the same, so our advisors, if required, will sit down with you and discuss the pros and cons and what immediate action needs to be taken. Informal arrangements; these can either be short or long term and involve careful negotiations with each creditor. Short term requires a lump sum to be made available, either from a re-mortgage, maximising assets, or help from family and friends. This option is particularly effective in the fact that it offers the creditors a full and final settlement and gets you back to normal very quickly. Long term requires a payment plan that needs to be flexible and we will make the creditor aware of this or bankruptcy will be the only option. Consolidation of loans; either by way of re-mortgaging, short term loan, or help from the family. Creditor agreements; carefully constructed arrangements can be made with creditors, once they are fully aware of the facts and of your intention to want to pay them. Bankruptcy; last resort and needs careful consideration especially when your home may be at risk. Because the prospect is quite daunting, Tenable Solutions offers a service whereby we hold your hand through the whole process, by way of helping you fill in the paper work and sitting with you through the three hour (approximately) oral examination by the following; Official Receiver or a civil servant and officer of the Court or a Licensed Insolvency Practitioner, depending who is appointed. We understand how quickly you can build up debts from overdrafts, loans, unpaid bills, credit cards etc. We are here to help you find the best solution possible to overcome your very stressful circumstances. Remember TODAY YOU ARE STILL IN CONTROL - LET'S KEEP IT THAT WAY Call us NOW to arrange your FREE no OBLIGATION consultation with one of our associate partners, on 0844 855 0 225. If you think you are in serious debt then it is always best to seek help at the earliest opportunity before it gets worse. We can advise you on whether an IVA is a solution to getting rid of your debts or another. Call us NOW on 0844 855 0 225. We can explain different sloutions such as an IVA, Consolidation Loans, CVA's, Bankruptcy...We can find you the best options We are open 7 days a week 24 hr service and we cover the whole of the UK Debt Collecting. Have you got bad debts because you cannot get paid yourself? We have a unique way of collecting debts, without the strong arm tactics. We enjoy a 98% success rate collecting debts within the first 21 days. We have our own unique system for collecting debts, dont waste your money with companies saying they can collect debts by letter writing, and ploys to get your cash, this as you will know does not work. ncyxz3smmkvux73x1mzn http://www.tenable-solutions.co.uk/collecting.html We have a unique way of collecting debts, without the strong arm tactics. We enjoy a 98% success rate collecting debts within the first 21 days. We have our own unique system for collecting debts, dont waste your money with companies saying they can collect debts by letter writing, and ploys to get your cash, this as you will know does not work. We have the one stop solution, you will be amazed at our results. So don't give up on those unpaid invoices or hope that they'll come through "soon". Eliminate the doubt and get your cashflow back! Please contact us today for more information, or complete the form below. Debt Problems You may be in debt yourself because you are not getting paid ? If you think you are in serious debt then it is always best to seek help at the earliest opportunity before it gets worse. “Remember” a problem shared is often a problem halved and can soon help get rid of those sleepless nights and relentless creditor pressure. If you have already in your possession, CCJ`s, Statutory Demands, Petitions for Bankruptcy or Petitions for winding up of your business, we have the answers. Don’t delay; ring our experienced team of experts today. pps9pe8h94aa9xd45ykb http://www.tenable-solutions.co.uk/CVA.html A CVA is similar to an IVA but for companies rather than individuals. It is a legal procedure that enables a company to make a binding agreement with its creditors and shareholders, describing how the company's debts and credit liabilities are to be managed, while allowing the company to trade. From the creditors' point of view, the CVA serves to achieve one of the following:- An immediate full and final settlement of somewhere less than 100p in the pound to settle outstanding debts. An agreed delay of payment until an certain event happens. An agreement of payments by instalments. A CVA aims to serve the best interests of the creditors and shareholders while allowing the company to continue trading, keeping the work force in employment. A CVA can only be proposed by a company if it is insolvent. The CVA requires the approval of 75% (by value of the debt) of the voting creditors and approval of a majority of the shareholders. If approved, the CVA binds all creditors irrespective of how (or whether) they voted and allows the directors to retain control of their company. Components of a Successful CVA Proposal The proposal must be reasonable and achievable. It must explain why a CVA is in the best interests of all concerned parties and why the creditors should accept the it. The proposal details all the company's assets and liabilities and how it is to deal with secured and preferential creditors and those with a direct connection to the company. There must be a business plan to return the company to profitability, in other words, directors must accept there is a need for change. The proposal must be viable and be likely to be considered favourably by the creditors. Working capital in addition to a review of credit repayments need to be arranged. Creditors will vote in favour of a CVA if the alternative is liquidation with little or no return to creditors. Basic Steps of the Procedure:- The CVA can be proposed by directors of the company or a Liquidator/Administrator. The procedure is administered by a Licensed Insolvency Practitioner. A study of the company and its position in the marketplace in made. Directors & secured creditors debate the proposal. After the proposals are complete, the Nominee needs to prepare a report on the proposals which includes comment on the due diligence they have undertaken to ensure that the CVA proposals are accurate, reasonable and achievable After the Filing a CVA Proposal:- Once filed at court, the proposal is sent to the creditors. A meeting is chaired by the advisor or an IP with all creditors (or representative of creditors) at which the creditors vote on the proposal Creditors may request modification of the proposal, which will need to be approved by vote. A shareholders meeting is held on the same day, but after the creditor's meeting. This requires a 50% vote in favour of the CVA Proposal. Once a decision is made, the meetings close and a report is issued by the chairman within 4 days. Once approved, all creditors are legally bound by the proposal. After approval, the company makes agreed contributions to the trust account. CVA - Frequently Asked Questions How much does the company repay its creditors? Having reviewed the financial position and the company's prospects we would sit down with the directors and calculate what the company can afford to pay into a segregated fund, typically but not always, on a monthly basis. Will the bank, VAT and the Inland Revenue support the CVA? In essence a CVA allows a company with historical cash flow problems to repay its liabilities, either in part or in full (including the Inland Revenue and VAT) over a period of time. Once the company's liabilities has been restructured any monies generated by the company e.g. book debts can be used as working capital rather than paying its old debts. Generally, there will not be problems with a CVA proposal that adheres to common sense. As the bank is normally secured (as are any finance companies), it remains outside the CVA and with all pre CVA creditors showing in the segregated fund, the pressure is taken off, because you have fresh and unallocated working capital coming in to the company. Will suppliers still supply and support the company? It is our experience that most suppliers will continue to support a company in a CVA. Does anyone interfere with the running of the company during a CVA? As long as the company adheres to the terms of the CVA, the company is run under the control of the directors without any outside interference. There are certain reporting requirements to a CVA Supervisor, but there are normally simple and brief. 7me7ppw8xkns6dlvvct6 http://www.tenable-solutions.co.uk/credit-search.html The root cause of most businesses problems is non-payers. You do the work in good faith and then when it comes to payday the client disappears and ignores all invoices, calls and emails. The only way of getting the money in then is to start collection proceedings which can be costly. With so many companies falling foul to this kind of business practice we have come up with a solution! Credit check the company before you carry out the work – you can then decide whether you believe them to be credit worthy or whether you will insist on upfront payment. It is irrelevant how long you have known them! In this economic climate everybody is at risk. A company credit check will highlight a number of things such as:- · Existing County Court Judgments (CCJ’s) and whether they are satisfied or unsatisfied · Whether they have court proceedings currently against them · If the directors have a history of opening and closing businesses · Give you an up-to-date advisory credit limit. · Give you a credit rating (scaled 0-100) This service is quick and easy to use and only takes a couple of minutes. Once you are aware of your exposure, you can take the necessary steps to reduce it. The costs are as follows:- 1 search £7.50 2 search £10.00 3+ searches £2.50 each search In order to protect yourself all you need to do is call one of our dedicated Credit Check Team during office hours on 0800 4 96 95 94. N.B. The above prices are inclusive of VAT and credit card charges. You will also find our business support service helpful. vvtynzksh4lt8bukjnwu http://www.tenable-solutions.co.uk/credit-checks.html Learn more about CreditExpert Get your FREE trial of the CreditExpert monitoring service Sign up today for a FREE trial of the CreditExpert monitoring service and you'll get a free copy of your Experian credit report. You'll have unlimited online access to your credit report at any time, plus the peace of mind of knowing that Experian is keeping an eye on your credit information for you. Your CreditExpert monitoring service gives you: Weekly alerts of significant changes to your Experian credit report. These could alert you to fraudulent activity and allow you to take quick, preventative action Unlimited credit reports any time after your trial membership Financial tools and tips to help manage your credit An online quarterly newsletter on the latest credit issues The convenience of ordering and viewing your Experian Credit Score from Experian online - exclusive to CreditExpert members Get a free trial and free credit report » CreditExpert membership offers a free trial including unlimited access to your Experian credit report. From the end of your trial period, membership is billed to your payment card at £6.99 per month. CreditExpert accepts Visa, Maestro or Mastercard. Your Experian Credit Score from CreditExpert can be viewed for just £5.95 (single non-refundable fee). me71ay4yvz7jpv2xluqy http://www.tenable-solutions.co.uk/county-court-judgement.html This is the start of your finances spiralling out of control and could lead to you making payment plans that you can not adhere too, especially if you have more than one in your possession. If you dispute the debt, return the claim form immediately stating why this action will avoid the Judgement going against you and ultimately ruining your credit rating. If you agree with the Judgement, but can not pay, that’s when the creditor starts issuing Statutory Demands and putting you under pressure. It is no use robbing Peter to pay Paul, which is what normally happens, This is only putting off the inevitable. Talk to the experts at Tenable Solutions Ltd, you will be amazed how quickly the problems get solved and you can start thinking 100% about your life again. Somone you owe money to can issue in the local county court a county court summons, or online direct with money claim online. The court will send you the claim. You have 14 days in which to pay or prepare a defence, and ask for a further 14 days. If you do nothing then the court will order a ccj judgement against you and this will effect your credit rating if you leave it in force. The creditor you owe money to can then ask the court to send a bailiff to try and remove goods for the debt you did not pay. 6n56wdp5ykycupjtcnz4 http://www.tenable-solutions.co.uk/contact.html Thank you for taking the time to read about our FREE advisory service. No matter what problems you face today, we can help them go away with our unique one visit solution. Acting quickly is the key to survival and the key to success: with us working together we can overcome any obstacles in your way You are still in control: let's keep it that way. Call today for a free chat with one of our advisors or alternatively email us or submit our callback form (right), and we will call you back at a time to suit you. Call FREE 0800 4 96 95 94 CALL TODAY..WE ACT TODAY..THE WORRY STOPS HERE Our sole aim is to put you back in a position where you can take your company to the next level and stop the worry of what you may be experiencing now. You have nothing to lose by seeing us, and you will pick up information that will assist you in moving forward. We can only help if you make the first move and call us, for our FREE advisory service, where one of our business rescue professionals sits with you and works out the solution's that is right for you. Tenable Solutions Limited Unit 3 Thornes Office Park Monckton Road Wakefield West Yorkshire WF2 7AN t: 0844 855 0 225 f: 0844 855 0 229 www.tenable-business-support.co.uk www.tenable-accountancy.co.uk www.tenable-debt-collection.co.uk www.pure-financial-management.co.uk Consumer Credit Licence.625591 Data Protection Act Registration number Z1579853 s5b11mea1lgeszx3awyb http://www.tenable-solutions.co.uk/formation.html We offer a full range of Company Formations and Secretary solutions, including: Registered Office Services Secure Mail Collection and Forwarding Telephone Answering Please contact us with your requirements and we will happy to discuss how we can support your business. 0844 855 0225 fkb24jup8zz49cvakwbn http://www.tenable-solutions.co.uk/admin.html Company Formations Our advisors can provide a fast, online, new company formation service to help you effortlessly achieve this key step in starting your own company. We can cover both onshore and offshore around the world to protect your assets. Other company formation services available include Vintage Companies and Off the shelf Companies. Company Secretarial Services Let our Company Secretary act as your company secretary thus freeing up your time to run your business. Virtual Office Service Creating the right impression to your customers is a high priority, however keeping costs down is equally important. A simple solution to this problem is to use our virtual office address, virtual office service and telephone answering service to give your business a national and corporate image. Professional Telephone Answering Service As your business sets up, trying to balance the administration need with answering telephone calls becomes increasingly difficult. So why not let us take telephone calls for you? Professional and courteous operators will answer your dedicated telephone number in your business name. We can telephone, fax or email your messages as required. Prices start from £40.00 per month plus VAT. Registered Office Service Have a virtual registered office address anywhere in the UK. This can be shown on your letterheads, business cards and other stationery. You can also use this virtual address for mailing purposes, having business mail forwarded to your own address. The benefits of our virtual Registered Office service can be yours for as little as £52.00 per year plus VAT. Company Secretary Service Do you need someone to act as a company secretary on your behalf and handle the liaison between your business and Companies House? We will handle the paperwork and ensure the legal requirements for a limited company are complied with. We can offer this service from just £100 per year plus VAT. Prestige Telephone Number Service Presenting your business as a national one rather than a regional one is helped by the right sort of telephone numbers on your adverts, mailshots and letterhead. For a flat rate of £60 per year plus VAT we will provide you with an 0870/0844/0800 number. As your call volumes increase you become entitled to a percentage of the call cost. 0870/0844/0800 telephone numbers give you the prestige of a 0800 or 0845 number with none of the incoming call costs. Please contact us if you wish to have one of our staff call you regarding these or any other of ours services. 8gnjanddb7f2cn5q5pnj http://www.tenable-solutions.co.uk/commercial-rent-problems.html Retail Market Upheaval The Global economic downturn is claiming more retail casualties than at any time since the recession of the early 1990s, spelling the end of the high street as we know it. As a result of over-inflated rents and a reduction in overall sales and profit, more and more tenants are closing units. The worst hit are the independent retailers who have seen the heaviest fall in sales. In a recent survey, 70% of respondents said that they had seen an average fall in sales of over 12%. As the occupational market worsens with a consequent collapse in consumer spending, we anticipate several years of negative rental growth. Those lucky enough to have a review or renewal due will inevitably see a reduction in their rent. However the nature of a booming property market has brought about long leases with sporadic or upwards-only reviews, which leaves many tenants either sweating it out or shutting up shop. For those tenants there is now an answer – contact us today. Commercial Agents Reduce your retail rent We specialise in rental re-formulation and lease restructuring. Our highly skilled team have a proven track record in mediating on behalf of tenants with a genuine need for improved lease terms. Our team has an understanding of landlord and tenant issues and seek to benefit all parties by avoiding tenants facing financial crises and landlords, empty voids. We demonstrate genuine needs for tenants to improve their terms during this period of economic uncertainty and present a compelling case to landlords on behalf of those tenants. We have a unique proven formula that can genuinely help your business. Reduce your retail rent with TENABLE SOLUTIONS. Contact us now 0800 4 96 95 94. t4uvn9uhejx451nnqnhy http://www.tenable-solutions.co.uk/commercial-finance.html With interest rates having virtually nowhere else to go the Govt is introducing even more dramatic measures in order to stimulate the economy. Stories abound about ‘printing money’ which is an over simplification of the process of ‘Quantatitive Easing’, but that is a completely different story. The good news is that the intermediary market should be flying right now with enquiries reaching their highest levels since the start of the credit tsunami 18 months ago. Fact: Many businesses are cash starved and need access to funds; anyone able to source facilities can transform their practice from Zero to Hero in the eyes of their business community. Lenders: In the mean time have undergone a sea change in attitude and have ‘over corrected’ their lending policies to the point of stagnation. “Not on my watch” is a buzz phrase currently dominating financial circles. With banks and lending institutions playing out the pretence of ‘business as usual’, it is interesting to note that many in the City still consider them to be teetering on the edge. Commercial broking is in transformation with the upshot being that it is no longer a case of ‘taking orders’ to fuel case hungry lenders in their bid to fill sales quotas. The current market is not about ‘going back to basics’ it is simply about the correct recognition and evaluation of cases, maintaining familiarity with the changing criteria of a wide range of lenders, and presenting funding propositions in a manner that is attractive to their underwriters. Brokers in the new era will be those that have been able to evolve. Those who cannot or will not change will be consigned like dinosaurs to the pages of history. Unless you have access to unlimited funds and can build a ‘super practice’ from scratch it is a case of leaning to collaborate and co-operate. As it finally dawns on many that there is absolutely no immunity from hardship in the current climate, some practices are going to suffer badly as traditional income sources continue to dry up. A new game plan needs to be implemented as a matter of extreme urgency. Those of us who have been in this industry for some time have grown to accept that we must react and adapt to change, as we always do. Forget about ‘doom and gloom’, concentrate on working hard, maintaining contacts and utilising the expertise of others where necessary. Now for the reality check: Commercial Loans:All lenders are telling us that they are looking at 75% LTV but that is the absolute max. Business Start Ups Need a killer business plan. If it is a business purchase historic accounts will always help. Must have experience in the chosen industry. We are seeing a lot of Pub and restaurant enquiries but remember, clients cannot expect to get top level LTVs on any business that has already proved a failure without serious back up on accounts and deposits. Industry experience crucial. Bridging Finance Still plenty available and some lenders actually appear to be hungry. Must have clear take out plan. Development Finance Very ’dry’ - seen as too speculative, but those who have engineered ‘off plan’ sales or take out by Housing Associations are still getting through. Invoice Discounting and Factoring Anyone who still considers this as merely an expensive overdraft, ‘think again’ money is available and everyone has recognised that cash flow is critical. Asset Finance - Coming to the forefront as businesses look for alternative methods of injecting cash into their businesses. Plenty of appetite for this at the moment. Investment Property: Still holding up well for experienced property owners/managers who have significant assets and are not too highly geared. Tap into my expertise and see what your practice can gain by working with me. For straight answers and quick decisions please give me a call. I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. Thomas Jefferson [letter to the Secretary of the Treasury Albert Gallatin 1802 Robert W Marshall Trading as Marshall Commercial Finance – Birch House Eastmount Road Darlington DL1 1LA is Authorised and Regulated by the Financial Services Authority Number 303069 u6tt8urgjqcbhwkg1yw4 http://www.tenable-solutions.co.uk/Commercial-Credit-Control.html Credit Control Services Cashflow is the lifeblood of a company, and credit control is not only vital, but done effectively it can improve customer relations by identifying and resolving problems early. Different companies have different needs so we have a flexible approach and adapt our service to suit each of our customers. Interim Credit Management As companies grow it is common that they increasingly need a credit manager but are unwilling to recruit until there is a full-time requirement. We can fill this need by providing services on a part-time or ad-hoc basis until they can justify recruiting for a full-time position. If required, we can help with the recruitment process too. Likewise if your credit manager leaves or is absent for any reason, we can provide continuity and ensure a smooth handover to their successor. Credit Control Training We have developed a credit control process that yields rapid, sustainable results and can be adapted to any company. You can expect a return on investment within a few months from the resulting reduction in debtor-days and write-offs. Other benefits include improved management reporting and improved customer relations. Rapid Debt Reduction Are your debtor-days getting out of hand? Do you have a backlog of long-term debts that you can't bring in? Are customers refusing to pay because of queries on their accounts? Sometimes training and management aren't enough, and you just need someone to get stuck in and deal with the problems. This is the kind of challenge we relish, and we have a long track record of impressive results. In-house or Off-site For many customers the best approach is to work in-house with your accounts and credit control team, where we have direct access to the accounting system. However, for some smaller companies and sole traders this is not practical, in which case we can do the work from our own premises. Commercial Credit Control provide outsourced credit control, credit management and consultancy services. We specialise in short-term and part-time assignments to reduce debts, implement appropriate processes and train in-house staff to maintain and further reduce the levels of debt. When you need... Interim credit management Rapid debt reduction Flexible resourcing Maternity or holiday cover Short-term assignments We Offer... Debt collection Dispute resolution Process implementation Training Consultancy Credit risk assessment 0800 4 96 95 94 5gv7c8xqga4q7lpr6sg2 http://www.tenable-solutions.co.uk/chewybone.html Would you like FREE advertising for your business? Get more business? Why pay for advertising when you dont have to! www.chewybone.co.uk m992srwmbv6ngpyvvfwg http://www.tenable-solutions.co.uk/ccjhelpline.html Over the past six months we have seen a significant increase in the number of companies* who have been issued with County Court Judgments (CCJs) – some of these may be valid and others may be because of a dispute. To help companies* who may find themselves in this situation we have set up a dedicated FREE CCJ HELPLINE; this is a completely free service and we have a team of people who are fully trained to deal with all aspects of County Court Judgments (CCJs). They can help with matters such as:- · Completing your claim form · Offering a payment plan · Getting a judgment marked as “SATISFIED” · Getting a judgment removed from your credit file · Advising what your options are · How to buy more time Whatever your questions our team of experts will be able to guide you in the right direction. If you would like to have a friendly, informal chat please call our FREE CCJ HELPLINE on 0800 4 96 95 94. *In this instance the term “companies” does not solely mean Limited, we can help Sole Traders and Partnerships alike a6xtcevbg78aj3jxpekt http://www.tenable-solutions.co.uk/ccj.html A County Court Judgement (more commonly known as CCJ) can be entered against you if you owe any sum of money. The person you owe money to (claimant) will contact the court or complete a “moneyclaim” online – once they have done this (there is a fee involved) a claim form will be sent out to the person who owes money (defendant) – it is imperative that this form is completed as soon as it is received. There are three options available on the claim form:- 1) Accept the full debt 2) Dispute all of the debt 3) Dispute part of the debt The forms can be completed by hand or online by logging onto www.moneyclaim.gov.uk – there will be a specific password on your claim form which you will need to enter along with the claim number. Generally you have 14 days from the date of issue to respond (although it is possible to ask for 28 days by just completing the Acknowledgment of Service form if time is needed to prepare a defence). The next steps are dependent on whether the debt is accepted or disputed. The steps are as follows:- Accept the full debt a) Pay the debt in full within 30 days If the amount is paid direct to the “claimant” at this point then a “CCJ” will never be issued and this will have no effect on the “defendants” credit file. If the amount is not paid the “claimant” can then apply for judgment to be issued. Again if this is paid within 30 days then the CCJ will / can be removed and a certificate of satisfaction will be received. There is generally a small fee for this. b) Pay the debt in full after 30 days If the debt is paid in full after the 30 days then this will stay on the “defendants” credit file BUT they can request that the court marks it as “satisfied” – again there is a small fee for this and the “defendant” will receive a certificate of satisfaction. c) Request to pay by instalments If the Judgment has been ordered to be paid in full and the “defendant” cannot do this then they can apply for a Varied Order (form N245) – once completed this form gives an overview of the “defendants” financial position. It includes information such as income and expenditure, other debts and court fines etc. There is a section to make the offer of payment. The Varied Order is returned to the court who in turn send it the “claimant” for approval. If the “claimant” accepts the offer then the “defendant” will receive confirmation of this including the date the instalment should be paid and where the payment should be sent to. If the “claimant” declines the offer of payment the court will then look into the information that the “defendant” provided and then decide how much should be paid. At this point if the court decides an amount that the “defendant” does not feel able to pay they can ask the court to reconsider their decision but this must be done within sixteen days of the postmark of the Varied Order. Dispute all of the debt / Dispute part of the debt. If the “defendant” disputes part or all of the debt the court will request that they attend a hearing. It is imperative at this point that the “defendant” fully prepares all of the evidence they have to enforce their reason for disputing the debt. Both the “claimant” and “defendant” should attend this hearing. The Judge will then decide at this point, based on evidence provided what part of the debt will be payable. The steps will then be the same as above i.e. paying in full or paying by instalments If nothing is done with regards to the CCJ then the “claimant” can request for a Warrant of Execution to be issued. The CCJ will be registered on the Register of Judgments, Orders and Fines and the majority of entries stay on the register for six full years. Organisations such as credit companies, bank & building societies use the information on the Register to decide whether to offer accounts or not. Having a CCJ can make it very difficult to obtain credit. The Registered Trust is the place to check whether a Judgment has been issued against you or not. Generally there is a small cost to do this but it can be done online at www.registry-trust.org.uk or you can telephone them on 020 7380 0133. The information available is:- • The amount and date of judgment • The claim number • The name of the court where judgement was issued It can also be worthwhile checking your credit file. It is against the law for a company to check your personal credit file without your permission but this can easily be done online. Limited Companies are different and anybody can check their credit file – it is public information. This is worthwhile thinking about if you wish to offer credit to any Limited Company. u63t36sx46trlkw26u4y http://www.tenable-solutions.co.uk/Cashflow-Plus.html TO THE CREDIT CRUNCH IS HERE.Cashflow Plus ■ Been refused credit ■ Struggling to pay your debts ■ Need additional cash flow ■ Want to invest in your business ■ No security or accounts required ■ 90% of applications accepted ■ Simple application process This is a merchant cash advance and not a loan. Cashflow Plus* is a financial solution specifically designed to help businesses that have a credit/debit card terminal. 90% of applications are accepted and the cash can be in your account within 21 days. This can be used for any purpose, such as refurbishment, investment of even to pay of debts. If you have had a credit card terminal for more than 60 days you could qualify for a no obligation Cashflow Plus advance. Cashflow Plus is available on minimal underwriting and once approved this is a funding resource you are able to access continuously. You could qualify for an advance from £3k to £150k for any purpose. Secured, unsecured and asset finance also available at great rates, call for a free confidential discussion. FOR MORE INFORMATION PLEASE FREEPHONE Tenable Solutions: 0800 4 96 95 94 What is credit builder? Will creditbuilder improve my credit rating? creditbuilder is a loan of £59.40, which is repaid with 12 monthly payments of £4.95. When you have successfully satisfied the loan, it will be reported to the Credit Bureau, and your credit history will be adapted accordingly. The more loan and credit products you have successfully satisfied, the better your credit rating will normally be. How much does creditbuilder cost? You will not face any extra charges by adding creditbuilder to your cashplus gold account. You pay NO interest on the loan and there are NO administration charges – you just keep paying the regular £4.95 monthly fee for 12 months. Will I get the £59.40 on my card? The £59.40 loan is to pay for one year’s use of your cashplus card. The money is only available for this purpose. As soon as your creditbuilder agreement is approved we will credit your cashplus account with £59.40 and then use this to pay your next 12 months cashplus fees. For each of the following 12 months we will then deduct the normal £4.95 monthly fee from your cashplus account and use it to repay your creditbuilder loan pnmt4kwax5mp1gu8nw2t http://www.tenable-solutions.co.uk/business-support.html We don’t need to tell you that the past two years have been turbulent financially; so many businesses have had to sadly close their doors and cease trading. Some of those businesses may have had their borrowings drastically reduced or their creditors may have withdrawn their credit limit or more serious HMRC (Tax or VAT) may have issued proceedings! If only they’d had someone to discuss this matter with to get a different perspective on their situation - the outcome may have been different! You may currently be a member of organisations such of Business Link or The Federation of Small Businesses – are they fulfilling your needs? Research has told us that the majority of companies feel that they are not getting the support required. Some companies also told us that they go to their solicitor when they have a query which the majority of the time can be costly and does not always solve their long-term problem. We feel that the Business Support Service is a totally unique product; the package is tailor-made to suit your business’s individual needs. You will be given access to a personal account manager who will be on hand to provide support not just during office hours. We understand that most people in business do not work “9-5” therefore you can contact your personal account manager in the evenings and on weekends too. Whenever you feel you need some friendly, impartial advice. We excel as a company because all of our services are in-house; we have a fully trained and experienced legal department as well as our own accounts department. Once you become a member of the Business Support Service you will be assigned your own personal account manager. Your account manager will oversee all of your queries and ensure that you have the answers quickly and in terms that you understand. Whatever level you are at the BUSINESS SUPPORT SERVICE can help you, whether you are a sole-trader or a large Limited Company. We have a wealth of knowledge to assist and share with you. Just some of the services included in our package are:- • On site visit from your Personal Account Manager (if required). • Access to your Personal Account Manager during office hours, evenings & weekends. • Advice on all legal matters. • Ensuring that your assets are protected correctly. • Advice on effective debt collection. • Assistance on elegant exit strategies – do you want to sell? • HMRC advice – to ensure you are being compliant and to solve any problems/queries. • Advice on cashflow issues. • Help raising finance. • Financial planning advice – both short & long-term. • Assistance with CCJ’s, Stat Demands, Winding-Up Petitions, Writs of FIFA, Bankruptcy or any form of Insolvency. • Monthly newsletter. · FREE Credit Checks. The above list is not conclusive; if you have a specific requirement that is not listed please do not hesitate to contact us for a friendly, informal chat. Once you have joined the Business Support Service you will be issued with a membership card, this will hold your unique reference number and also the contact details of your personal account manager. From the moment you register with us you can begin to utilise our services and knowledge on the issues that concern you. The Business Support Service is completely flexible; you can subscribe either monthly or annually dependant on your circumstances. MONTHLY SUBSCRIPTION £25.00 ANNUAL SUBSCRIPTION £249 (a saving of £51!) 0800 4 969594 nefay1tgy9jamj5f8w4q http://www.tenable-solutions.co.uk/services.html Financial Services A wide range of standard and tailored financial services. Invoice Factoring Service; Business Loans, Mortgages, VAT solutions, business sales, specialist finance, project finance, and many others. More details... Administrative Services Company formations, secretarial and "virtual office" services, prestige telephone numbers More details... Business Design Services Stationery and marketing design and print, website design and hosting More details... Other Business Services We offer the widest range of support for both new and established businesses, including: Company Formations Book Keeping VAT Services Debt Collecting Guru / Mentoring Business Angels grqh7sul3mvwt1xm8a5l http://www.tenable-solutions.co.uk/business-news.php business news from around the uk and the world 173jmw7v3ylr3z42wvkq http://www.tenable-solutions.co.uk/mentor.html We have over 150 top executives with over 160 years combined business experience who can offer there expert services, to get your business turned around fast from staffing to gaining new customers to cutting expenses and improving profit. We can offer the service to get your business ready for sale, and make sure that this road has little or no problems. Why struggle when one of our experts can come in and assess your business? Call now on 0844 855 0 225 1th55q2t1z8c2mrhn3cg http://www.tenable-solutions.co.uk/angels.html Banks / funders letting you down? Let us try our unique Business Angel network. We have a nationwide network of Business Angels who will invest in your business, taking either shares or just a percentage of the business. You always remain in control. Similar to the Dragons Den principle, but with real people and real results. Let us try and help with our unique business angel funding solutions! Contact us now to find out more. 0844 855 0225 j7s3dnzatxqqyeuqtl3m http://www.tenable-solutions.co.uk/blog.html First we had websites, email and now “blogs”. A blog is an online journal which allows the “blogger” to share thoughts and ideas; it gives you freedom to express your views and to give information easily. From April 2009 Tenable Solutions now has its own “blog”. The “blogger” is a member of our team and it will be updated daily. Things that will be included will be:- • General advice • Money Savings Tips • Useful Links • Case History • Success stories • Testimonials • Insight into Tenable Solutions Why not click on the link and have a look at what has already been written, you can also follow the “Blog” and recommend it to a friend. 4jy3vagvhl953efga3zz http://www.tenable-solutions.co.uk/bankruptcy-faq.html Bankruptcy is an option for people in debts when there is no other way out. Generally the Court gets involved in this and helps you to get out debts. A Bankruptcy in UK can be filed in the High Court in London or in a County Court. There are loads of questions that pester people who are declared bankrupt or want to know more about Bankruptcy. Here are the most frequently asked questions on the implications and effects of bankruptcy. What will happen to my home if I am in a bankruptcy? Here are some answers to the most frequently asked questions. Q. Is there a chance of loosing my home in a bankruptcy? A. In a bankruptcy the Official Receiver or the Trustee can sell your home for repaying the bankruptcy debts. However it depends whether your house is freehold or leasehold or jointly owned. It is important to remember that if your home is mortgaged and you haven’t made your payments, your lender may be able to sell your home. You should consider contacting your lender about your bankruptcy and your mortgage payments. Q. Under what conditions will the Official Receiver or Trustee sell my home? A. In case you are residing with your spouse or children, then the sale can be put off until the end of first year of your bankruptcy. Q. What can be done to stop the Official Receiver or trustee from selling my home? A. Your husband, wife, partner, a relative or friend may be able to buy your beneficial interest in the home. This will stop the Official Receiver or trustee selling your home later. Q. What does ‘beneficial interest’ in my home refers to? A. This is your interest in the process of sale of your property unlike the legal title of the property as held by the owner. The beneficial interest is the whole value of the property in case you are the sole owner. In case of a joint ownership, the beneficial interest is usually an equal share of the value (provided there are any amounts owned on mortgages or other home loans, these will be repaid from any proceeds of the sale). Q. What will be the impact of bankruptcy on my beneficial interest and legal title? A. The beneficial interest always gets transferred to the Official Receiver or trustee. If you are the owner of your home, even the legal title is transferred to the Official Receiver or the trustee. However the legal title is retained in case the home is jointly owned. It remains with you and your co-owner. But the Official Receiver can take action against your property even though. It is the duty of the Official Receiver or the trustee to sell the beneficial interest for paying your creditors. There is one way to do so by selling this interest to your spouse, relatives or friends. Q. In case someone wants to buy my beneficial interest, how should I go about it? A. If someone wants to buy your beneficial interest, then he/she must contact the insolvency practitioner if he is handling your bankruptcy. However if the Official Receiver is handling your bankruptcy, the one who wants to buy the beneficial interest must get in touch with him. Your beneficial interest can be transferred to your spouse, friend or relatives. Even the legal title can be transferred to them. But for this they need to make the following payments: • or a solicitor or licensed conveyancer to act for them in the transaction; • £211 (as at February 1999) to cover the Official Receiver’s legal costs. (now £510 as at 25th August 2009) This amount must be paid in advance. It includes an allowance for expenses which may be incurred in the transaction. If the allowance is not fully used, they will receive a refund; • the cost of an independent valuation unless you already have a very recent independent valuation of the property; • the agreed purchase price for the beneficial interest based on the valuation. If your home is now worth less than the amount you still owe on it, the price of the beneficial interest will be set at £1. The purchaser will have to submit to the Official Receiver all the up-to-details in writing of the amounts which is essential to pay off the mortgage and other charges. If at a later date an approach is made to the Official Receiver to purchase the beneficial interest, and the property has increased in value, it is likely that the purchase price will be more than £1. If the home is mortgaged, the lender may have to agree to the sale - the solicitor or licensed conveyancer dealing with the transaction will be able to advice on this. Q. What if I buy the beneficial interest provided I am the sole owner of the property? A. Yes, this is possible for the Official Receiver or the trustee to transfer the beneficial interest and legal title to you or to anyone in your family or friends. The official Receiver will give you the details on the entire proceedings. (Please note: In this type of transaction, costs like those listed overleaf must also be paid (but there is no low-cost conveyancing scheme). Q. What will happen if no one buys the beneficial interest? A. In case no one buys your beneficial interest, it will remain with the Official Receiver or trustee. It will not return to you on your discharge of bankruptcy. It may be that the value of beneficial interest may increase with the hike in the market value of your home. This increased value goes to the Official Receiver or trustee to repay your debts irrespective of the fact that that the home is sold some time after you have been discharged. Q. What happens if I rent my home? A. You have to be careful. In case you fail to retain the terms of tenancy agreement, the landlord might take an action against you. For this please seek legal advice. In most cases it is seen that the Official Receiver tells the landlord about bankruptcy. Q. Did you know about a J Restriction Form? A. A Form J restriction is an entry at the Land Registry, made on the application of the trustee, against a property that is jointly owned by a bankrupt. It is a record of the trustee's beneficial interest in the property. It means that the Land Registry must notify the trustee of any dealings in connection with the property. 317uzmv3z5f9ullzcxp1 http://www.tenable-solutions.co.uk/bank-accounts-debit-credit-cards.html 100% acceptance guaranteed*, no credit check The only prepaid card offering purchase protection Use at over 26 million retail outlets and over 1 million ATMs worldwide*, wherever you see the MasterCard acceptance mark Shop securely online, by phone or in store Top up for FREE at 14,500 locations, including any UK Post Office® branch The exclusive cashplus prepaid gold MasterCard. The award winning prepaid card with no credit check or bank account needed, 100% acceptance guaranteed* The new cashplus gold card is a MasterCard prepaid card. This means that like a pay as you go phone, you need to put money on to the account before you can use it. It is not a debit card that is linked to a bank account or credit card where you pay for your transactions at a later date. It's a pay as you go MasterCard prepaid card. You just top it up - it's easy! The benefits of the cashplus prepaid gold MasterCard are easy to see: With a cashplus card you top up what you want to spend and manage your money in a hassle-free way. And it's safer than carrying cash. Purchase protection The cashplus prepaid gold MasterCard is the only prepaid card to come with purchase protection (as at 8th Dec 08), and even better this comes at no extra cost. Use your cashplus prepaid gold MasterCard to pay for products and services in full and, if goods or services fail to arrive, you may be entitled to a refund of the money you have spent on them using your card. To help with budgeting If you have ever had any concerns about overspending or splashing out, cashplus may be the answer. You can control your budget, as you pay for what you top up onto your account. Click here to find out more about financial planning. Accessing money whilst overseas The cashplus gold card is a secure and convenient way to access money abroad on holiday or trips to see friends or family. You can use any MasterCard ATM globally to get the cash you need in the local currency and, unlike travellers cheques, you don't need your passport to get to your money. And, just as at home, you can use it in any shop that displays the MasterCard acceptance mark. Going traveling? Click here to find out more about the benefits of traveling with cashplus. Sharing money with friends or family The cashplus prepaid gold MasterCard gives you a new, cheap and easy way to share money with family and friends, both here and abroad*. Click here to find out more about sharing money. Why cashplus? cashplus is the market leader in the UK for prepaid cards. cashplus is the most awarded prepaid payment card in Europe; including winning the ifs/Capgemini Hallmark of Innovation award 2006, MasterCard Best Cardholder Service 2007 and Best New Prepaid Card awarded by Cards International Global Awards 2007. cashplus is the first and only prepaid gold MasterCard card. Easy, accessible account management, any time, anywhere! Online account management with the secure members' area When you become a cashplus customer we invite you to the Members' Area. Once registered you can activate your card, check your balance, review and print your statements and transactions at any time. What is credit builder? Will creditbuilder improve my credit rating? creditbuilder is a loan of £59.40, which is repaid with 12 monthly payments of £4.95. When you have successfully satisfied the loan, it will be reported to the Credit Bureau, and your credit history will be adapted accordingly. The more loan and credit products you have successfully satisfied, the better your credit rating will normally be. How much does creditbuilder cost? You will not face any extra charges by adding creditbuilder to your cashplus gold account. You pay NO interest on the loan and there are NO administration charges – you just keep paying the regular £4.95 monthly fee for 12 months. Will I get the £59.40 on my card? The £59.40 loan is to pay for one year’s use of your cashplus card. The money is only available for this purpose. As soon as your creditbuilder agreement is approved we will credit your cashplus account with £59.40 and then use this to pay your next 12 months cashplus fees. For each of the following 12 months we will then deduct the normal £4.95 monthly fee from your cashplus account and use it to repay your creditbuilder loan rf8dw77s67x4xh1wr9za http://www.tenable-solutions.co.uk/about.html We are a friendly run team of business recovery experts. All of the team has first hand experience in managing both small and large businesses and bring over 50 years joint experience to the table to help you and to keep your business running. We are insolvency experts in fighting your corner, whatever problems you may face, you can rest assured that we have the answer and a quick solution to end your fears and worries. We cover the whole of the UK and distance is no object to us, we never pre-judge and have a vast array of weapons in our arsenal. We have the best accountants, the best lawyers and the best team you could hope for in the situation you find yourself in. We have personal first name contacts in most of the banks and finance house's that we deal with, therefore you will have this personal touch added to our vast services that we will offer you. Do what you do best and make the decision NOW to call us and stop the worry before it's too late. We work 24-7 to get you and your business back on track and can arrange to meet you at your home or business location. tele 0844 855 0225 fax 0844 855 0229 lr4mf7xqqf29mjwrtfq4 http://www.tenable-solutions.co.uk/winding-up.html If you’ve ended up with mounting debts, and no foreseeable way to save your business, liquidation is pretty much one of the only options you have left. This is something that is pretty much the end of the line for your business, and is very hard for business owners to initiate, especially if they are emotionally invested in the business. Unfortunately, however, it is sometimes completely unavoidable so it is important to follow the right course of action when the inevitable happens. If your business is insolvent, it is likely that you are going to be involved in “winding up” your business. This is effectively liquidating your company whilst hiring an insolvency practitioner tell your creditors that you are no longer able to pay the debts you owe. The creditors are then given the choice of voting to liquidate the company, which is generally the outcome of the meeting. The practitioner will handle all the necessary paperwork and prepare a complete review of the company’s finances to give to the creditors so they can assess the situation. After this, the creditors can try to make back as much of the money they are owed as possible, this is primarily done by liquidating assets and trying to sell off stock. The winding up procedure is generally completed very quickly, but is favoured by creditors since it gives them more control over the outcome of the liquidation. The winding up procedure is fairly simple, and can be controlled by outside parties; therefore it takes some of the pressure of you. If your business has become insolvent, it is clear that it was not fulfilling its potential and it was time for the business to cease trading. It is very difficult, if not impossible, to revive an insolvent business, so it may actually be preferable to liquidate the company reasonably quickly, even if you are looking to continue with a similar business straight after. Some people use the winding up procedure to make a fresh start, so they can have a clean balance sheet when they start trading with a different business. However, liquidation and an inability to pay your creditors will affect you in the future and make it very difficult to get credit to start something else, so it is definitely not a perfect solution. The winding up procedure can often be quite emotional, and far too many people get sucked in to the inner workings without understanding what is going on. It is always preferable to hire a professional to handle this sort of procedure for you, and you should always make sure you have received strong financial advice before beginning the procedure in the first place. Winding up is just one of the many different things that can happen if you allow your business to slide into debt. Liquidation most commonly occurs when a business has carried on trading and spending at a loss for years on end without ever addressing the problem. It is very risky to accept making a loss in the hope that you can make profits in the future, so try not to make outrageous predictions about how you think your business will perform in the current years. This is yet another reason why you should hire a professional who can take an objective look at your finances and tell you straight what you need to do to save your business. It is important that you do not hold off when deliberating over liquidation of this sort. If your business is insolvent, you cannot afford to waste time since your problems are likely to continue to get worse. You need to make quick, calculated, decisions to ensure the long term future of your business, which is yet another reason why professional help is always a good option. People with years of experience in insolvency and liquidation can help you massively in your hour of need; they will have dealt with a case like yours hundreds of times, so don’t be afraid to ask our advice. 4ts2lucbtl9jyaett9yb http://www.tenable-solutions.co.uk/what-are-statutory-demands.html Thousands of people around the country are being bombarded with Statutory Demands, sent by debt collectors threatening legal action and bankruptcy if these demands are not met. The debt collectors are simply acting on behalf of a bank or lender who has not been paid back on time. These often strike fear into people, and it can lead to the belief that the bank is pressurising you to come up with the money. This is true, but one should not feel threatened and statutory demands are surprisingly common during tough times like these; therefore it is important not to act rashly when you receive one. The debt collector will generally be working on hundreds of different people who the banks or lenders have targeted as risks. Simply put, a debt collector will try to get as much money as possible from you, in as short a space of time as possible; their directive is to get the bank’s money back, they aren’t interested in your long term future. It can therefore seem like debt collectors are the bad guys, but in reality they are just doing the job they have been contracted to do. It is the banks and lenders who are acting in a harsh way, especially if they have not spoken to you at length about the financial difficulties you are facing. A high street bank, especially, should always be available to give you advice and help when you are struggling, since it is in their interests that your long term financial stability is sustained. It only once the bank has decided that you either have no intention of paying back the debt, or are simply unable to, that they will look to use a Statutory Demand to try and get their money back. The Statutory Demand must legally be underwritten by a valid debt that the bank can prove has not been paid. The document will simply state that a certain amount must be paid immediately, or you will face bankruptcy. Statutory Demands are not often issued unless the situation has become serious, but they have been known to come as a surprise to many people, and may be based on misinformation. For example, the bank may have mixed up the original terms of the loan that you took out, believing the repayment structure to be different to that which was originally agreed; alternatively it could be you that has missed payments because of human error rather than lack of funds. In these cases, it is important to look up the original terms of the agreement that you made with the bank. If you are able to find out the exact dates on which the debt was due to be paid, you can ensure that the Statutory Demand is valid. When looking at the validity of the Statutory Demand, you will cal on the Consumer Credit Act, which brought into force in 1974. This states that for the demand to be enforced, a full agreement which has been signed by both parties (stating the full terms of the loan, including interest payments and dates) must be provided. By calling upon this act, you can make absolutely sure that you are not simply receiving empty threats from debt collectors. If you are not completely sure about the legalities of a Statutory Demand, it is always a good choice to talk to a professional. In these cases, professional advice can save you huge amounts of stress and money, making the difference between bankruptcy and a stable financial future. Statutory Demands are infamous for scaring consumers into rash decisions, and they can cause a feeling of intense pressure from the debt collector; with professional help, the whole process will seem much less worrying. If you are completely unable to meet the demands of the bank, it is likely that bankruptcy or an iva is one of your only options. This may seem like the worst thing that could ever happen to you, but bankruptcy has given many people the chance to make a fresh start. 5zx7jvuygbrgb8wn7cjm http://www.tenable-solutions.co.uk/bankruptcy-or-iva.html Making a decision between bankruptcy and an IVA (Individual Voluntary Agreement) (sometimes known as Individual Voluntary Arrangements) entirely depends on your circumstances. There is no right answer, since both paths have different advantages and disadvantages. For some people, bankruptcy (see bankruptcy FAQ) is the only solution, with an IVA being a completely undesirable attempt to prolong their suffering. However, for others an IVA has clear advantages that far outweigh those of bankruptcy. Ultimately you have to make the decision yourself, and all that anyone else can do is to give you clear, objective, information about the different solutions available to you. There are a huge number of factors that will affect your decision, things like your age, profession, education, and even your mental state of mind can make a huge difference. For example, if you don’t have a strong believe in your prospects for the future and your ability to remain financially restrained, then bankruptcy will be the best option However, if you feel that bankruptcy will cripple your future both socially and professionally, then an IVA is the clear way forward. Both solutions will lower your credit rating and make it difficult for you to get credit in the future; however, if you’ve successful worked your way through an IVA, you could in the future build your credit rating to something more respectable, a bankruptcy will be a stain on your record for as long as you live. Bankruptcy is a lengthy and painful procedure for most people, including the banks. You will be forced to sell your home and any other assets you have that could be used to pay the outstanding debt. You may also find that your social life takes a huge blow, this may seem like a small price to pay but in the future it could affect you. There is a still a strong social stigma attached to bankruptcy, and the stereotypical view of a “failure” is still a very real concern. However, if you just want to get away and escape the area you are in, bankruptcy can help you sever the ties you had built in a matter of weeks. Bankruptcy also affects your ability to work in certain positions, and rules out escape to the army as an option straight away. Some people never recover from bankruptcy, because mentally it is a huge blow that is difficult to bounce back from. An IVA, on the other hand, will keep you financially restrained for approximately five years. You may still have to sell some of your liquid assets and any luxury purchases will almost certainly have to go. You’ll be living well within our means for quite a long time, so unless you have the willpower and restraint to do this, an IVA may well not be the best plan. An IVA does allow you more freedom than bankruptcy in terms of your future, and socially it is not nearly as frowned upon as bankruptcy. You don’t have to tell a soul about entering into an IVA, whereas bankruptcy is an extremely public procedure. However, living with the incredible stress, sleepless nights, and financial vigilance is not for everyone. If you feel you have a stable profession, and your debt was driven by overspending rather than a lack of income, then an IVA is nearly always the best option. Remember that bankruptcy is a pretty final process, there is no going back and you’ll always have that as a mark against you. However, if you can shake this off and pick yourself up, then bankruptcy could be the fastest way for you to become financially independent again. Don’t enter into anything you are unsure about. If you enter into an IVA, you are stuck with it for years afterwards, whilst if you declare bankruptcy your life may never be the same again. Seek advice from professionals and make sure you have thought about your plan of action after you have chosen a solution. Look into the long term and decide what is best for you. Financial difficulties are an all-too-common fact of life and many people have to face them, so don’t feel ashamed if you have to make this decision, just try to take the right path. hyzs319gtdv43u1nlwb3 http://www.tenable-solutions.co.uk/small-business-debts.html Small businesses are easily exposed to high levels of debt, and they often do not have the huge assets or financial reputation that bigger companies can leverage in order to survive through difficult periods. As the owner of a small business, watching your finances spiral out of control can be all too easy. The smallest things can put your business in jeopardy, such as a client not paying his bill on completion of a project, or your supplier increasing their costs. As soon as your expenditure increases, or your income takes a hit, debt can begin to build, and once it has begun to take hold, you better watch out. It may be the case that, like many others, you have been hit particularly hard by the financial crisis that has become a global problem; this is only a temporary problem (we assume), so many businesses are just trying to stay afloat and remain stable until the economy bounces back. If you are confident that in the future you will be able to pay back the debts that you owe, renegotiating the terms of your debt could be the way forward. If you have a solid understanding of your finances, and good reasons for heading into the red, you can talk to your creditors openly about the problems you face. It is likely that the creditor has already met with other business owners who have been unable to pay their debts, and there is no shame in asking for help in order to secure the long term future of your business. The creditor should fully understand the situation you are in, and if they feel that you have a good enough plan of action in the future, they may well allow you to pay off your debt over a longer period of time, with smaller monthly payments. One way of dealing with your creditors is to hire a professional firm to handle the process of renegotiating your debt. This firm will talk to you about your financial situation and assess the different aspects of your business; with this information they will then be able to talk to your creditors and could well persuade them to change the terms of your debt. Using a professional firm can bring with it more power when meeting with creditors and will certainly give your business a better chance of long term stability. It is important to remember in these situations that your creditors are not interested in destroying your business. They are obviously extremely cautious about the money they have lent, but this in turn means they have a vested interest in your long term financial stability. Without your business, they will lose money from the interest you pay them, so it is sometimes just as important for them to agree a deal with you, as it is for you. On the other hand, if the creditor feels that you have the ability to pay back the debt in full, and they are not concerned about doing further business with you, they may simply demand that you pay back the debt according to the terms of the original agreement. Insolvency or liquidation are not pleasant procedures, and they should really only be seen as a last resort if your business is truly unable to continue trading. Nearly every business goes through difficult financial periods; it is how they handle these periods that defines their long term success. A renegotiation may mean that you have a greater amount of debt overall since you are paying over a much longer period of time, but anything that can keep your business trading until you are able to carry on making profits is a step forward. 98jc1wjwtl69k9y1apc3 http://www.tenable-solutions.co.uk/saving-your-business-through-refinancing.html We’re currently going through one of the worst recessions to hit the country in decades, (2009) and although there are certainly signs of recovery, it looks like it could be going on for some time yet. This worries a lot of people, and it has meant massive changes in the way we all look at our financial situations, especially businesses; however, the rules are still very much the same and it is primarily a matter of being more careful than ever and knowing all your different options. Numerous businesses are currently struggling with cash flow problems as their sales have been hit by the financial crisis. These businesses may be extremely profitable in a booming economy, but whilst the recession continues they simply have to try and survive. This is sometimes extremely difficult, especially given the difficulty of borrowing money in this current climate. The lack of available credit has left many businesses struggling to continue trading and some have already fallen as a result of running out of cash. If your business is currently struggling, and no matter how hard you try you haven’t been able to borrow money from a bank, it’s time to start looking at different courses of action. It is pretty clear that as soon as you start seeing financial difficulty, it is important to act as soon as possible in order to avoid liquidation or bankruptcy. One of the most common ways of trying to get a business away from financial difficulty is called refinancing, which comes in a few different forms but could well save your business. One of the most common methods of refinancing is called Asset Refinancing, whereby the business secures finance based on the value of the assets it currently owns. This can be anything from a shop to a piece of machinery, whatever the asset; you are leveraging the value of it in order to backup new financing options. This method works great if you have a number of valuable assets that you can use to negotiate with finance companies, but will not be preferable if you only have a small number of assets that do not amount to any significant value. It is important in this scenario to be completely confident that the money you raise from the sale of your assets can help your business to continue trading in the long term, and will not simply be used up within a matter of weeks. Another form of refinancing is called Invoice Refinancing, which is generally used in the services sector but could also be used in the sale of goods. If you have invoices that have yet to be paid by your clients or customers, you can use them to receive short term financing in order to bolster your balance sheet. This financing is generally considered to be very short term and should only be sought if you are confident or receiving the full value of the invoices from your client or customers. When finance is sought in order to complete the necessary work for a client, it is generally called Trade Financing. If, for example, your business is in the midst of a long term project which you have to delay due to lack of finance, it is possible to seek financing from an external source who will lend you the money on the promise of being paid back with interest when the project is completed and the client has paid in full. This is another short term fix that can help you if your business is service based or even if you are struggling with the production of goods. Of course, these financing options can help massively and could ensure the long term stability of your business. On the other hand, you could be putting yourself into further debt which could put you further into difficulty. These options have saved numerous businesses in the past, and it is only a lack of professional advice that has kept others from using these different paths. If your business looks to be in financial trouble, seeking professional advice could be the best thing you ever did, saving your business and keeping it trading throughout the difficult times we are currently experiencing. 9xmbb2bvuy378xtfptee http://www.tenable-solutions.co.uk/Running-a-business-while-avoiding-debt.html Whether you’re running a large scale business, a small to medium enterprise, or you are a sole trader, getting into debt is incredibly risky and could well lead to further debt. It’s impossible to run a successful business unless you are spending less than you are bringing in; this is pretty obvious, but too many businesses seem happy to make a loss in the first few years, believing that profits in the future will make up for it. Unfortunately, if you start struggling with debt early on in the lifetime of your business, it could well be that you run out of funding before you ever reach the stage of making substantial profits. Unless you have a strong handle on the finances inside your business, you could be running up huge amounts of debt that could cripple you in the future; remember, debt often leads to more debt so it’s a vicious cycle once you enter the red. Before you start spending more than you can afford, sit down and reviews your finances so you are entirely aware how much money you have, and how much you can spend. Try not to make too many wild predictions of future profits, stay grounded and try to budget based on facts rather than what you think you might make in the coming months. It’s entirely possible that when reviewing your finances, you realise that there are clear savings that your business could be making. For example, you might be spending too much on office supplies that you don’t need, or extortionate phone contracts. All these things add up and can quickly become a huge burden on your financial situation. You’ll also want to make sure you know exactly how much you want to take out of the business on a personal level. How much money are you paying yourself? If you’re taking too much out of the business, then obviously it is going to struggle to make substantial profits. Try to come up with some sort of personal budget so you know exactly what you need to take. Another thing to make sure is that you are achieving the results you are looking for in terms of marketing. If an advertising campaign was bringing in new customers six months ago, it won’t necessarily be doing the same now. Far too many businesses keep spending on marketing techniques that are no longer working or have been exhausted. You need to keep adapting your marketing so that you’re on top of your finances and the market. If you begin to get into small amounts of debt, try to analyse exactly how you are going to get out of it. Don’t just wait for it to build up, take action as soon as you can to avoid any problems. Make sure you talk to your bank about any overdraft charges so you don’t get caught with massive daily charges that go under the radar. One of the worst possible things you can do is to try and pay for a loan by taking out another loan. This is practically criminal if you want your business to survive for years to come. You’ll quickly find the interest payments becoming too much to handle and you may never recover. It’s far better to try and tackle the problem when it initially arises, talk to your bank about your loan if you are having difficulties. If you have a strong set of finances and good solid predictions for the future, they may well be more understanding than you think. Seek financial advice as soon as possible if things start to look bad. If your sales start to drop dramatically or your expenditure is out of control, having a professional come in to review your situation could ultimately save your business. If you try and tackle every problem on your own, you’ll just end up in more difficulties; sometimes problems are too big for you to handle and need a professional, objective view to be solved. Don’t be afraid to talk to people about the problems you are facing, since nearly every business experiences difficult times during its lifetime. cpj3m6mtp7mxca6jq2ha http://www.tenable-solutions.co.uk/restructuring-your-business.html Restructuring your business could be the best thing you ever did, completely changing the fortunes of your company and allowing it continue trading successfully for many years to come. It could also be the final death blow to your business which sees you lose control of your finances and cease to be as successful as you were previously. It could make or break your business, which is why it should be approached with extreme caution and done in a professional and efficient manner. If your business has been struggling, a restructuring of your staff and financial situation could be the way forward which allows you to revitalise your company. It is a popular choice when there are clear inefficiencies in the business and some of the world’s biggest businesses would not be around today if they hadn’t made drastic changes in the early days. It is absolutely vital that you take an objective view of the operation of your business. If you are swayed by relationships or personal pride, restructuring your business will only serve to worsen your situation. However, if you are able to look at things from a purely financial point of view, and work out how best to allocate your resources, your business could thrive. Clearly, if you are considering business restructuring, things are not going to plan. For whatever reason, your business isn’t being as successful as you know it can be, so it’s time to take a harsh look at the way your business is run and the people that run it. Take a look at the people you currently employ. Are all of them absolutely necessary? Are there people in conflicting positions? There are so many ways in which you could be allocating your workers in the wrong way. Make sure you are putting people with the relevant skills in the best possible position to suit those skills. It is also important that those people are able to use those skills in their job, which is why assistants should be used when needed to stay on top of the admin work. If all of your main employees are using their skills to the full, your business will almost certainly flourish. If there are positions that no longer appear necessary, it is time to get rid of them and decide on the future of the person currently filling that position. If they can offer something to the company in a different role, then by all means hire them in that position, but do not be tempted to keep them just because they have been with the company for a number of years. This is where things can get extremely tricky, but remember that your business is not working in the way it should be, and you really don’t have any choice but to do the best for the long term future of the business. Once you have allocated all your employees to the correct roles, try to make sure they are all focussed on set goals that can be substantiated. If it helps, write a thorough job description and tell them to stick to it as well as possible. If people are not all working hard towards the same targets, your business will not progress as it should. Take a look at the finances of your company, and decide whether you need to restructure some of your loans or look to consolidate your debts. Professional financial advice can help hugely in this case, and could ensure that in the future your business can see great returns. If you have a serious debt problem, it’s time to start cutting back and making some decisions about the future of your business, because you could lose it if you aren’t extremely careful. Restructuring your business is a massive job, but it can be separated into a number of tasks to avoid any mass confusion and keep your business running smoothly throughout the process. The future of your business could completely depend on your ability to change the way it is run for the better. jv4xsqd48zvjlmpjtjw4 http://www.tenable-solutions.co.uk/personal-insolvency.html Once someone has declared insolvency or bankruptcy they have very few options available to them. Insolvency essentially means that someone has no way at all of paying back the money that they owe as debt, so obviously it is extremely serious if someone is forced to declare themselves insolvent. One could file for bankruptcy, which would leave them with restrictions on their future employment and the stigma attached to this legal process, not to mention the various issues with banks and creditors that will continue into the future. For these reasons, many people look to an Individual Voluntary Agreement as an alternative to declaring bankruptcy. Declaring insolvency isn’t easy, it is a legal process that requires professional advice in order to be completed successfully. The chances are that large sums of money are involved, so these processes are taken very seriously by all concerned. For this reason, hiring an insolvency practitioner could be the way forward in order to handle the process more efficiently and with the least amount of stress. A true insolvency professional will have years of experience handling situations like yours, and will know exactly how to deal with your creditors. He or she will conduct a full review of your personal finance situation, assessing the value of any assets you may have and trying to look for solutions to your problems. If there really is no other option but to declare yourself insolvent, the practitioner will be able to make the process as painless as possible. There are many ways that you could avoid insolvency, such as some form of debt consolidation or renegotiation, but they are not always suitable and for this reason insolvency is sometimes necessary. One of the great things about hiring a professional to look at your financial situation is that they can make objective decisions based on the numbers they have before them; they will not be swayed by emotion. This means that they will stop you from continuing down a bad path simply because you hope that your financial situation will soon ease. In this way, insolvency practitioners can save you a great deal of hassle, and give you the motivation you need to improve your situation in the future. Once insolvency has been decided as the only available course of action, the practitioner will begin talking to your creditors. They will be presented with full details of your finances and the reasoning behind your insolvency. If you own any assets, these will be offered to the creditors and can be liquidated if they so wish in order to try and reclaim some of the money they have lost. This process is sometimes extremely complicated and can turn nasty, especially given that your creditors will be strongly affected by your inability to pay back the debt you owe. Therefore, it is always helpful to have a professional handle the process, so that you do not have to deal with the huge stress which accompanies it. The professional insolvency practitioner will also know your legal rights and be able to protect you from any legal attacks that may come your way from your creditors. Insolvency is one of the worst things that a person can go through financially, but it doesn’t have to be the end of the world. Many people bounce back from insolvency to lead excellent lives and become wealthy again, since insolvency can represent a fresh start in many situations. It is important to learn the lessons of your mistakes, and know exactly why you were put into such a difficult situation in the first place. It may not have been your fault, or it could have been reckless spending on your part; either way, your financial stability depends on extremely good control of your personal finances, and so professional advice can go a long way to ensuring that you don’t make the same mistakes again. l2zm6wbya77hdj37d153 http://www.tenable-solutions.co.uk/Liquidations.html If you’ve been running your business at a loss for some time, it’s highly likely that you’ll be facing mounting debts and potentially seeing your business fail. This is not something people like to face up to but unless you act fast, these things will happen and you won’t have anything to hold on to in the future. If you seek professional help instead of watching your business fail slowly, you can save your business and revive your fortunes. One solution to extremely difficult financial problems in the business is liquidation. Liquidation isn’t particularly hard to understand, it just means that the company is shut down, all assets are sold, and all trading is ceased. The type of liquidation that happens is highly dependent on whether the company is solvent or insolvent. If the company is completely unable to pay back its debts, then it is insolvent. Also, if the value of the assets is not enough to pay back the debts, the business is insolvent. If the company is able to pay back its debts in some way, it is said to be solvent. With a solvent business, the liquidation process is called “Members Voluntary Liquidation” (MVL), basically meaning that the liquidation has not been forced to take action by their finances. MVL involves the directors of the company making a legal declaration that the business is solvent, and that the debt can be paid back within the next 12 months. The whole process of MVL should be relatively straightforward, with all creditors receiving full payment and the business simply ceasing to trade. Anything remaining in the company, such as assets or cash, is handed over to the shareholders or owner. It may seem strange for a solvent business to suddenly stop doing business, but it is surprisingly common. MVL’s often take place because of personal reasons on behalf of the owner, or it could be that the business is felt to have fulfilled its potential and is no longer making any profits. By going through liquidation, a company can start afresh under a new name and begin trading again relatively quickly, so it can be useful. The liquidation of an insolvent business is altogether more complicated. There are two possible liquidation procedures, one of which is a Creditors Voluntary Liquidation (CVL) and the other is called Compulsory Liquidation. CVL is generally an option chosen by the shareholders or owner of the business; they will hire an Insolvency Practitioner who will inform the company’s creditors that the business has become insolvent. The creditors are then given the option to choose a liquidator who will sell the assets of the business and distribute the takings among the creditors. This type of liquidation strongly favours the creditors and gives them a chance to earn back the money they lost on the business in the first place. Compulsory Liquidation is initiated by a creditor wishing to end the business. This is a complex legal process whereby the creditor will have to start legal proceedings against the business in question. If the business is still unable to pay their debts, a court ruling will appoint receivers to liquidate the company, sell off any assets and raise as much money as possible from the business. It is almost impossible to give a fair review of each possible solution without knowing the specific circumstances of your business. You should seek professional help to decide which course of action to take. Bear in mind that each will have their own disadvantages, none of them will be completely perfect especially if you are in financial difficulty. It is important not to make any rash decisions, and that you aren’t simply keeping the business alive because you enjoy it; if a business is losing money and is heavily indebted, there is not much you can do to save it. eggfqgdb8za76mw71l7a http://www.tenable-solutions.co.uk/insolvency-services.html Mounting debts, rising expenses, and a decrease in sales; any one of these things can cause your business to go into financial meltdown. Unfortunately, once you’ve reached a certain point, your business is no longer viable and you need to consider how best to cease trading. In much the same way as an individual declares bankruptcy, a business can declare insolvency. Insolvency can come about for many reasons, but once you’ve reached a point when it becomes necessary, you have to act fast to ensure your business doesn’t go further into debt. Insolvency essentially means your business no longer has the ability pay back the debt they owe to their creditors. Even by liquidating all their assets, the business will never be able to recoup enough cash to pay back their debts, so there really is nothing that can be done to save the business. The creditors will probably have been harassing you because of missed payments, and you may be sick of the constant pressure they are putting you under, so in many ways, declaring insolvency can be a huge relief in the short term. Declaring insolvency is a legal process and requires professional advice to be understood fully, so as soon as you have made the decision, look for an insolvency practitioner who can handle the process for you. An insolvency practitioner is ordinarily part of a larger firm of corporate lawyers, and will handle any insolvency cases that come their way. These are specialists who probably have years of experience in these situations, so you can trust them to be able to handle the process with minimal hassle and in a professional manner. An insolvency practitioner will make a complete review of the finances of the company, and will want to know many of the inner workings of the business. Although highly unlikely, it is possible that the insolvency practitioner could find a way for the business to avoid insolvency, either by some form of debt consolidation or a closer inspection of the finances. If this is possible, he or she will fully explain the course of action you must take in order to keep your business alive. That is, of course, if you still want to keep your business alive. It is important to consider the long term future of your business, rather than simply trying to keep it afloat. If your business is failing for a reason, such as falling demand, it may be the right time to cease trading so as not to prolong its downfall. If no solution is possible, the insolvency practitioner will be forced to call a meeting of the creditors. At this meeting, he or she will explain the predicament of the business and tell the creditors the bad news, that their debt cannot be fully recovered. The creditors are then given the choice of liquidating the company, which they will likely choose. By doing this, the creditors can try and recover as much as possible from the liquid assets still in the possession of the business. Any funds recovered will be distributed among the creditors and the liquidation process will take place. An insolvency practitioner will allow you to keep your distance from your creditors, making the whole process much easier to handle. The practitioner will also fully understand any potential solutions, such as debt reconstruction, refinancing, or consolidation in order to avoid declaring insolvency. Hiring professional help, therefore, could completely save your business and allow you to continue trading. The professional will also be able to take a more objective look at your business in order to decide the best course of action; it can often be difficult not to become emotionally involved when you own a business, which is why professional help is always advised. m91xramyl5sm8nemasce http://www.tenable-solutions.co.uk/debt-consolidation-and-your-credit-report.html In these difficult economic times, more people than ever are struggling to pay back the debts that they owe. With skyrocketing unemployment and the high prices of commodities such as fuel, people are simply unable to control their finances in the way that they used to. This has meant a growing need for successful ways of tackling this debt, on the side of both the borrower and the lender. Thousands of people have various forms of debt that they owe to various sources, from household bills to credit card debts; because of this, debt consolidation has become the popular choice for many of these people looking for a stable financial future and an end to the pressures of debt. Debt consolidation does not simply wipe away the debt, but it can make it more manageable and therefore allow you to continue living your life with freedom from debt collectors and harassing creditors. One of the primary concerns people have about debt consolidation is the affect it will have on their credit report. Because of this, many people avoid acting fast enough and simply end up in an irreparable situation. Debt consolidation will allow you to make one monthly payment instead of the various bills that had previously been pushed upon you. Therefore, it is easier to handle and budget for your repayments. It has also been shown that having one single monthly payment is mentally much more motivational than various smaller bills, so it can affect your future in many ways. The debt consolidation procedure will also allow you to pay back your debt over a longer period of time, giving you more financial freedom in the short term. Obviously, this means that you will have to remain stringent financially for a longer period of time, but it should make your debt much more manageable. With regards to your credit rating, the debt consolidation procedure should not have any effect at all. If you keep up to date with your new loan, and do not put yourself into debt again with other companies, your credit rating should not be affected. Of course, as soon as you start missing payments, your credit rating will suffer, and because you will be paying over a longer period of time you will have to be extremely careful. The key to successfully completing a debt consolidation process is having a good handle on your finances. You have to understand what got you into the debt in the first place, and be able to change your situation in the future. It could simply be that you were overspending on your credit cards, with money you didn’t have, which is reckless and must be stopped if you are not to sink into bankruptcy. It could also be that you suddenly became unemployed so need the loan temporarily, remember though that you will need to gain another source of income as soon as possible if you are to pay back your new monthly loan, and the debt consolidation firm will expect you to do so (they will often look at the skills you have and your plans for finding employment before agreeing to work with you on your debt. Whatever the reason for your financial difficulties, you need to change your fortunes sooner rather than later if you are to pay back the new debt. Debt consolidation should not be seen as the easy way out, because it will take a long time to repay and will require a great deal of self control. However, if you are motivated enough, and seek professional advice tailored to your financial situation, you should be able to achieve long term financial stability. There are many ways to tackle the mounting debts you may be facing, with debt consolidation just one of the tools at your disposal. Each different option will have various advantages and disadvantages, depending on your personal situation, so seeking professional help will allow you to make your decisions based on solid advice. jg392hfp3n8eezb1axp6 http://www.tenable-solutions.co.uk/credit-card-debt-avoidance.html Credit card debt is possible the biggest cause of bankruptcy in the UK, it is one of the worst forms of debt and has left thousands of people with only the option of becoming bankrupt. The worst part about credit card debt is that all it takes is one slip and it can become a huge problem; it can be anything from losing your job to struggling with illness. Most people live within their means, neither overspending nor saving great deals of cash; they pay their bills at the end of the month and usually have just enough cash to pay their credit card bill. Unfortunately, as soon as you lose any amount of income, or you are forced into spending more than you have, your credit card bill will begin to mount up. Once this debt starts to build, it will only continue to get worse unless you are able to return to your original financial stability. As you can probably already see, things like the financial crisis have left thousands of people suddenly facing unemployment, which will plunge them head first into credit card debt. Simply understanding the way your credit card works can be a fantastic way of beating away debt. It is amazing how many people are unsure the exact rate of interest they pay, which is a sure fire way of getting yourself into trouble. Even if you know all the terms and think you understand everything, there is bound to be some small print that you have overlooked, so take a good hard look at the terms and conditions which surround your credit card so you know exactly where the pitfalls are. Credit cards sound great until you realise the many ways that you can rapidly end up in debt; one of the biggest problems is that every card has its own terms and ways of catching you out, which is why using multiple credit cards can be treacherous. Credit card debt should be seen just as any other form of loan, and should be treated seriously because of it. If you’re spending too much and seeing your debt rise, you simply have to cut your spending in as many ways as possible. The banks won’t encourage you to stop spending, because they are perfectly happy for you to carry on moving into debt, so you have to take action yourself. If your debt is beyond repair, there are still options available to you. Just because you are unable to pay back the huge amounts of debt that you are facing at the current time, doesn’t mean that in the future you won’t be able to. If you appoint a debt settlement or consolidation firm, you could see that huge credit card debt changed into something more manageable. A debt settlement firm will liaise with your bank about your financial situation, and will try to come to an agreement with them about the terms of your borrowing. The settlement firm will explain your financial situation and try to get the level of debt reduced to something that you can manage in your current financial situation. Banks will often agree to this reduction because it simply makes more sense for them to regain some of the money they are owed, rather than none of it when you declare bankruptcy. They will also want to ensure that you continue to use their credit card in the future, which would almost certainly not be the case if you declared yourself bankrupt. A debt consolidation firm is best used when you have multiple different sources of debt which you are unable to pay. In this instance, the consolidation firm will pay off all your debts, and turn them into one monthly payment which you will generally have to pay over a long period of time. They can turn your debt from being completely beyond repair, into something which you are able to keep under control. In many cases where credit card debt mounts, professional help is always advisable. However, don’t be afraid to talk to the credit card company about your financial problems and the reasons that your debt continues to rise. It is in everyone’s interest that your financial position remains strong, so trying to reach an agreement with your lender can save you huge amounts of stress. msr6b2p71yjh6ghehjb9 http://www.tenable-solutions.co.uk/consolidating-refinancing-and-restructuring.html If you’re facing financial difficulties, with mounting debts and a long term losses becoming highly likely, you’ll need to take action before things get worse. This is even more so the case in these difficult economic times, where every second counts and thousands of businesses are struggling financially. It is very possible that your business becomes insolvent if you aren’t very careful with your finances, so if you are seeing mounting debts then you need to do something about this before it is too late. If your creditors appear to be getting concerned with your activity (for example, missing payments), there could be increased tension between your business the people that you owe large amounts of money to. If you want to maintain a good relationship with your creditors, refinancing, consolidating, or restructuring your debt could be the way forward. Debt consolidation is when the business takes out a loan with a debt consolidation company, who will provide you with a loan to cover all your existing debts. This means essentially that you no longer have to pay various different creditors; instead you are paying one lump sum at the end of each month. Debt consolidation can reduce the amount of interest you are paying on your debt, whilst also allowing you to spread your loan out over a longer period. This can help massively in easing some of the pressure from your creditors whilst still allowing your business to continue. You’ll need to negotiate well with the consolidation company to create a solution that protects both parties; after all, the consolidation firm has to feel that they will recoup all the money they loan to you with interest by the end of the loan cycle. If the consolidation firm is concerned that your business will never be able to pay off these debts, it is unlikely they will do business with you. Debt restructuring deals directly with the creditors as you try and work out a way that allows you to pay off your loan more securely. This helps both parties since it ensures that all the money gets to the creditor in the end, while the business can continue to operate without such high monthly payments. The restructuring will generally take the form of increasing the length of time that the loan lasts for, and could see a reduction in the interest rate you are currently paying. This is where a strong relationship with your creditors can help greatly, as they will be unlikely to negotiate with you if your business has not cooperated previously. Refinancing works in much the same way, and is often seen with mortgages on property. Any consolidation, restructuring or refinancing must be carefully planned; to do this you will need an extremely accurate set of finances for your business. It will help greatly if you have accurate forecasts for the future of the business. Make these forecasts based on previous growth, not on huge leaps that you think might happen. It is important in these situations to be very conservative with your estimates, because mistakenly believing that your business will thrive in the future, could be very costly. You will need to look at your assets very carefully, and see if you could potentially liquidate any of them without damaging your business too heavily. Anything you can do to reduce the amount of debt you have, whilst also maintaining the health of your business, should be done. Seeking professional advice is the best way to deal with mounting levels of debt. It can be very hard to look at your own business from an objective point of view, but this is an absolute necessity. A professional will be able to see the weaknesses and tell you clearly how to get yourself out of the situation you are in. sp75h3urzbgqqbgvnmmz http://www.tenable-solutions.co.uk/consolidating-credit-card-debt.html It’s very easy to get yourself into a tricky situation when it comes to credit cards. They are so readily available that many people get drawn into the trap of drawing up huge amounts of debt on various credit cards. Reckless spending is practically encouraged by credit card companies, who can charge through the roof on interest and other fees. If you get caught in this trap, then you’re not alone and there are plenty of people in similar situations, the important thing is what you do now going forward. If you dwell on your past, and don’t change your ways, you’re never going to get out of the financial trouble you are in now. One solution to your problems could be a consolidation of your debts into one payment that is made every month, instead of the multiple payments you may be making at the current time. As with anything when it comes to personal finance, there are advantages and disadvantages to choosing debt consolidation as a solution to your troubles. It is important to check whether you are even eligible to receive debt consolidation, since if you are currently in legal proceedings with credit card companies, it is unlikely to be an option for you. Ultimately, debt consolidation means to take a loan out to pay off all your existing debts. This loan then becomes the only debt you have, so all your debt is, in theory, much easier to manage. Generally, people look to try and consolidate their debts so that the single monthly payment they are making is smaller than the various payments they were making before, it is also possible to reduce the interest you are paying on your debt by consolidating your credit card debt. Debt consolidation can also let you off the hook from the credit card companies; when you start missing payments, it is normal practice for a credit card company to start harassing you with letters and phone calls. With debt consolidation, you only have to work with one company which will normally understand your situation much more. Finding a company to consolidate all your debts is a tricky process, and it is important not to make any rash decisions. You can compare any number of companies online, but the best thing to do is actually talk to someone who can advise you properly about the best way forward. Debt consolidation companies will sometimes have little caveats that may catch you out unless you are extremely cautious, so seeking professional advice could help you make a more informed decision. Also, make sure the debt consolidation company is offering a complete service, which will continue throughout the loan process. The best debt consolidation companies will guide you through everything, and even give you advice on how to avoid falling into the same financial difficulties in the future. You shouldn’t consider debt consolidation to be the end of your financial troubles, because you are still probably in large amounts of debt. You’ll be paying off that debt for a much longer time by consolidating; this could suit you if you are able to keep a good lid on your finances throughout that time, but if you don’t feel that you can then consolidation might not be for you. Once you have taken out a loan with a debt consolidation company you are under a lot of pressure to ensure that you keep making the payments and stay on the right track. However, it can be a huge relief in comparison to the stresses of dealing with credit card companies. It is important to remember, however, that debt consolidation companies are profit making businesses, just like credit card companies. As much as they will help you, they will also expect you to pay back your loan to the best of your ability. Choosing debt consolidation is not an excuse to fuel your borrowing in the future, it is a warning sign that your financial situation is very bad indeed. vsqhmkap59578k43v5rm http://www.tenable-solutions.co.uk/business-credit-card-debt.html The very beginnings of a business are an exciting time for entrepreneurs, but they are also an expensive time and funding is almost always needed before the business can start trading in earnest. Some businesses receive investment from private equity firms, but many take out loans from their bank. A loan may not suffice and may only cover the major costs that your business incurs; therefore a small business credit card is often used for running costs. Many people are wary of taking out a credit card for their business rather than for personal use, because it can potentially lead to high levels of debt and unnecessary amounts of spending. However, many small businesses benefit greatly from using credit cards; for example, they can be used to separate your business and personal spending, especially on small purchases. You can also monitor your expenditure and spend money based on future income rather than needing money at the time. This is ill-advised if you cannot be absolutely sure that you will be able to pay back the money you owe, but it can be extremely useful if your business has lump sums of income. It is absolutely vital that you stay on top of your credit card payments, and that you pay the bill in full every month, rather than simply carrying the balance over. If you can pay your payments in full, then do so in order to be able to budget properly for the next month. Leaving small amounts left on your balance can add up rapidly and you can soon find yourself in no small amount of debt. Small businesses are often susceptible to high rates of interest and small debts will mount rapidly if this is the case, unless you have a strong hold on your finances these problems will almost certainly occur. If you do get into a heavy amount of credit card debt, there are still options available to you, but it is important that you decrease your spending as much as possible in order to accommodate the larger amounts of debt you have ended up with. If you do not do this immediately, your debt will continue to spiral out of control and there will be no way back for your business. Debt consolidation can be a great help if you have large amounts of credit card debt; the consolidation will turn your various debts into one single monthly payment which will generally stretch over a longer period of time. The advantage of this is that the monthly payment will often be smaller than you had been paying previously and so should allow you to continue trading and maintain some financial stability. You will however have to be much more vigilant financially, and for a much longer period. Debt consolidation isn’t necessarily an easy option, but if you are confident in the long term financial prospects of your business, it could be a revelation. You could also sign up for credit card with a low interest balance transfer option, allowing you to pay back your debts at a lower rate of interest. These deals can be extremely useful, but it is important that you pay back the debts quickly. If you do not, the rate of interest will quickly rise to higher than you were paying on your previous card, so you could be in a worse situation than before. Debt renegotiation or refinancing can be another option for saving your business from rapidly rising debt. So as you can see there are plenty of options available to you if you are falling fast into the red. If you talk to a professional financial adviser, you will be able to understand fully the various options available to you and he or she will help you make the best decision possible. Having professional help can be massively important to the long term stability of your business, so don’t be afraid to spend some money in the short term in order to save money in the long term. e92jw4dyd16pj9lbwqlb http://www.tenable-solutions.co.uk/avoid-personal-debt.html Nearly everyone who struggles with personal debt problems had no intention of ever overspending on their credit card; as humans we like to think we have a great deal of self restraint, but in reality this is sometimes not the case. We’ve all seen it happen to people, so don’t make yourself the next victim. The best way to do this is by preventing yourself from ever getting into debt in the first place; much in the same way as medicine, prevention is better than cure. It’s very difficult, and sometimes impossible, to get yourself out of debt once it has begun to mount up. However, it’s not all that difficult to keep yourself away from it if you plan correctly. It’s now very easy to get your hands on a credit card, or take out a loan (or at least it was until the credit crunch hit). It is still relatively easy to get a credit card providing you don’t have a poor credit history, but this doesn’t necessarily mean that you should get one. Decades ago, no one even touched a credit card, people still got into debt but never on the sort of levels that we see today. Some people just keep spending, putting everything on credit and eventually having to declare themselves bankrupt or consider and IVA when they finally run out of credit and their debts have become too high. This is primarily because of the “now” culture that has been created, instead of saving up to buy something, people just put it on credit and hope to be able to pay it back in the future. This is a dangerous game to play as the future is never certain, who knows what financial situation you are going to be in six months from now? Things can change very quickly and running up big debts because “you can” is a very bad idea. You don’t have to rely on a credit card if you have solid control over your finances. Sit down and make a personal budget, covering all your monthly income and expenditure. Once you have some idea of how much money you have coming in overall, set aside some of it for emergencies (10% is generally a good amount) and some for savings. Once you have done this, you should have some idea how much “disposable” income you have left. It may surprise you just how little you have, which can be depressing in and of itself, but instead of ignoring this problem, look for solutions. Try to cut down on your expenses; even just saving some money on your phone contract could help you save over £200 a year. You may have originally thought that the amount you spent on food could not be cut, but start looking around for offers in the supermarkets and you’ll be amazed how much you can save. If you think you are wasting food, try to figure out what is being wasted and cut back on that. Sticking to your budget can be just as hard as drawing it up in the first place. Try to make sure you stay on track at all times, even if that means writing out any expenditure at the end of each day. Make sure you not any unplanned expenditure or income so you can adjust your budget accordingly. It is absolutely vital that you don’t become complacent, so try to think of the advantages of staying within budget; even just keeping good control over your finances can be a joy in itself. If you really must make use of a credit card, make sure you choose one which will suit your financial situation. Avoid any hidden costs that often come with low interest cards, and make sure you compare various cards online before you dive in and get one. Read all the small print so you know exactly what you’re getting involved with, if it sounds too good to be true, then it probably is. Also, seek advice if you need some help with your finances, don’t be afraid to ask a professional if you feel overwhelmed. v5gpl8qntsh2c4dw412e http://www.tenable-solutions.co.uk/avoiding-bankruptcy.html Bankruptcy used to be a horrible word; it struck fear into businessmen and the general public whenever it reared its ugly head. In recent times, this concern has lessened somewhat as bankruptcy has become more common than ever, and is even seen in some situations as the most constructive course of action. These situations are rare but sometimes bankruptcy can take a huge weight off your mind and allow you to make a fresh start, albeit with many restrictions that come with declaring yourself bankrupt. Many people have simply had to accept that the only way they can rid themselves of the horrible pressures and huge debts they have is to declare bankruptcy, which is why in such a difficult economic climate bankruptcy has become more common than ever. For many people who have become unemployed and are no longer able to pay back their debts, bankruptcy is simply a way to get out of a vicious cycle and start again; however there are alternatives that could suit you much better than bankruptcy. It is surprisingly easy to run up high levels of debt if you’re not extremely careful, especially if you lose your main source of income. Many people are currently struggling because the house market has taken a huge hit, leaving their houses worth less than the mortgage they have taken out. The biggest problem with debt is that once you get behind, it is almost impossible (especially if you are unemployed) to catch up, and the debts will simply continue to mount. If you’re extremely careful with your finances, and you have a stable job, these things never really enter your mind; however, when the world economy very nearly collapsed, thousands of people that were previously positioned well financially were thrust into difficult in a matter of days. Thousands of people rapidly became insolvent, meaning that they were no longer able to pay back their debts when needed to. These debts could be anything from credit card loans to simple household bills. Insolvency leaves you with very few options, but it certainly leaves you with more prospects than some people would lead you to believe. Some advisers would tell you that declaring bankruptcy is the immediate solution, but there is another option. You need to get in touch with a professional debt consolidation firm, who will be able to tell you whether you can restructure your debt payments into something more manageable. In general, a debt consolidation will take your multiple monthly payments and turn them into one smaller lump sum which is payable to the consolidation firm. This lump sum will usually be smaller than the overall payments you used to make, but the loan will often take longer to pay off. Therefore, you are effectively putting yourself into debt for a longer period of time, but in many ways this is a better option than bankruptcy. If the debt consolidation believes that in the long term you will be able to recover financially and pay them back in full, they will advise you to restructure your debts. They will not advise you to do this if they think that you are going to struggle to pay back their loan, so it is often a good guideline of your situation if a debt consolidation company is willing to work with you. Obviously, they will take a good look at your financial situation to decide whether you are a good investment, and they will take into account whether you are employed, unemployed, or you have good prospects of becoming employed in the near future. Debt consolidation is generally considered to be the hard way out of financial difficulty, but at the end of the day, it has many advantages over bankruptcy. For starters, once you come out of your debt consolidation and you have fully repaid the loan to the debt consolidation firm, you are free to do whatever you want. There are pretty much no restrictions as to what you can do in the future, whereas when someone declares bankruptcy, there are instantly many restrictions especially with regards to future employment. Obviously, there are situations when bankruptcy is the best option, but it totally depends on the type of person you are, and your future prospects. If you talk to a professional financial advice company, they will be able to explain all your options to you and give you a solid understanding of the potential paths you can take. dv199a27j4ann62a1uu4 http://www.tenable-solutions.co.uk/agents-brokers.html We are always on the look out for top class high calibre Agents & Brokers, with whom we can forge a healthly and profitable working relationship. Please get in touch where you will be presently surprised at the response you receive. mortgage brokers, agents for business consultancy, business recovery agencies, consultancy agencies, work for commissions, earn commissions, a4hzqamj3dzfvbrrfpss http://www.tenable-solutions.co.uk/advantages-of-an-iva.html An IVA is an Individual Voluntary Agreement, which is one of the only alternatives to bankruptcy and, depending on your situation, could be a preferable solution. Ultimately, an IVA allows the borrower to spread the debt which needs to be paid, over the period of five years. This can often allow a business to keep running so that it can grow to bring itself out of debt, but it is possible that it just prolongs the inevitable. Following the Insolvency Act of 1986, an IVA became something supported by the government in a bid to keep as many sole-traders afloat as possible, whilst wishing to reduce the amount of consumer bankruptcy. There is a great social stigma attached to going bankrupt, but this is nothing compared to other problems that you could face once it actually happens. You can’t, for example, join the armed forces or work in positions of the state, whereas if you hold an IVA you can hold any position you want. You can keep your job, or continue running your business, with an IVA, but this is nearly always impossible if you are forced to declare bankruptcy. Most IVA’s won’t even specify that your employer need know you are having such difficulties, and in generally you can keep an IVA much more low key than bankruptcy. The newspapers won’t catch wind of your IVA, and your friends won’t have a clue, so it can often be much less stressful than bankruptcy. If you’re lucky, or you weren’t too reckless with your debt, five years will seem like a long time to pay it back, so if you have confidence that you can pay your debts back given time, then an IVA is almost always preferable to bankruptcy. It is important to remember that bankruptcy is very “final”, that is to say that once it has happened, there really is no going back. You could lose friends, family, and everything around you if you go bankrupt, whereas five years of heavy budgeting and financial constraint under an IVA will seem like nothing in the bigger picture of your lifetime. It is actually surprisingly costly for bankruptcy to take place (Ironic in many ways), so it is often preferable for the banks to accept an IVA instead of going through the legal procedures of bankruptcy. The IVA is very easy to agree once your bank has accepted your situation, and doesn’t involve anything like the legal processes that plague bankruptcy proceedings. If you successfully complete an IVA, your credit rating won’t be completely shattered, as it would be if you had gone bankrupt. Once you’ve come out the other side, there is a world of opportunities available to you and you’ll probably have learnt some harsh lessons without losing too much of your life. By entering into an IVA, you are no longer being forced to do anything in particular; you are simply required to pay back the debt in instalments. Bankruptcy may require you to sell your house or other assets, whereas an IVA leaves you to decide the best way to pay back the debt you are in. As with many things, it is better to prevent yourself from ever getting into the situation where you need to choose between an IVA or bankruptcy, however, once you are in this situation then it is important to make sure you make the right decisions. Bankruptcy may seem like a quick fix, but it has a huge number of lasting factors that will hinder you for a lot longer than five years An IVA, though, may not suit you and there may simply be no way for you to pay back your existing debt. Obviously both options have their advantages and disadvantages, so make sure to weigh them up before making any rash decisions. Seek professional help if you are particularly concerned, and make sure you have the support of your family and friends before trying to solve the problem all by yourself. Making financial decisions based on emotion is a bad idea, so surrounding yourself with good advice will help you a great deal. ar4p8fylp9gassxgvsph http://www.tenable-solutions.co.uk/bookkeeping.html Don't let the books get you down! Be efficient and concentrate your efforts where you can add the most value to your business. Delegating mundane or specialist financial work to those who have the most experience will give you the time to get on with what you do best. We can URGENTLY complete Vat returns, and Tax returns, Vat problems, Tax problems and any book keeping work. Don't ignore any correspondence from HM Customs, delaying will only cause more problems down the road. We can sort out your Tax and VAT general day to day book keeping and accounting with our team of Accountants, who can provide complete business plans and ways to fund business's using our unique funding solutions. c7zgugyn5gpay9zpy9gc http://www.tenable-solutions.co.uk/CVA.html A CVA is similar to an IVA but for companies rather than individuals. It is a legal procedure that enables a company to make a binding agreement with its creditors and shareholders, describing how the company's debts and credit liabilities are to be managed, while allowing the company to trade. From the creditors' point of view, the CVA serves to achieve one of the following:- An immediate full and final settlement of somewhere less than 100p in the pound to settle outstanding debts. An agreed delay of payment until an certain event happens. An agreement of payments by instalments. A CVA aims to serve the best interests of the creditors and shareholders while allowing the company to continue trading, keeping the work force in employment. A CVA can only be proposed by a company if it is insolvent. The CVA requires the approval of 75% (by value of the debt) of the voting creditors and approval of a majority of the shareholders. If approved, the CVA binds all creditors irrespective of how (or whether) they voted and allows the directors to retain control of their company. Components of a Successful CVA Proposal The proposal must be reasonable and achievable. It must explain why a CVA is in the best interests of all concerned parties and why the creditors should accept the it. The proposal details all the company's assets and liabilities and how it is to deal with secured and preferential creditors and those with a direct connection to the company. There must be a business plan to return the company to profitability, in other words, directors must accept there is a need for change. The proposal must be viable and be likely to be considered favourably by the creditors. Working capital in addition to a review of credit repayments need to be arranged. Creditors will vote in favour of a CVA if the alternative is liquidation with little or no return to creditors. Basic Steps of the Procedure:- The CVA can be proposed by directors of the company or a Liquidator/Administrator. The procedure is administered by a Licensed Insolvency Practitioner. A study of the company and its position in the marketplace in made. Directors & secured creditors debate the proposal. After the proposals are complete, the Nominee needs to prepare a report on the proposals which includes comment on the due diligence they have undertaken to ensure that the CVA proposals are accurate, reasonable and achievable After the Filing a CVA Proposal:- Once filed at court, the proposal is sent to the creditors. A meeting is chaired by the advisor or an IP with all creditors (or representative of creditors) at which the creditors vote on the proposal Creditors may request modification of the proposal, which will need to be approved by vote. A shareholders meeting is held on the same day, but after the creditor's meeting. This requires a 50% vote in favour of the CVA Proposal. Once a decision is made, the meetings close and a report is issued by the chairman within 4 days. Once approved, all creditors are legally bound by the proposal. After approval, the company makes agreed contributions to the trust account. CVA - Frequently Asked Questions How much does the company repay its creditors? Having reviewed the financial position and the company's prospects we would sit down with the directors and calculate what the company can afford to pay into a segregated fund, typically but not always, on a monthly basis. Will the bank, VAT and the Inland Revenue support the CVA? In essence a CVA allows a company with historical cash flow problems to repay its liabilities, either in part or in full (including the Inland Revenue and VAT) over a period of time. Once the company's liabilities has been restructured any monies generated by the company e.g. book debts can be used as working capital rather than paying its old debts. Generally, there will not be problems with a CVA proposal that adheres to common sense. As the bank is normally secured (as are any finance companies), it remains outside the CVA and with all pre CVA creditors showing in the segregated fund, the pressure is taken off, because you have fresh and unallocated working capital coming in to the company. Will suppliers still supply and support the company? It is our experience that most suppliers will continue to support a company in a CVA. Does anyone interfere with the running of the company during a CVA? As long as the company adheres to the terms of the CVA, the company is run under the control of the directors without any outside interference. There are certain reporting requirements to a CVA Supervisor, but there are normally simple and brief. 5m7y78zrmgq84lrk5sj2 http://www.tenable-solutions.co.uk/IVA.html Applies to individuals, sole traders and partners. It normally lasts 5 years so that you can re-pay your reduced debts over a max of 5 years, and an Insolvency Practitioner will be appointed to calculate how much you can afford each month. You need 75% of your creditors to agree to any proposals and once accepted payments can be made and no creditor can take further action unless you break the agreement. b4cu2g3cwft97sc1mn2j http://www.tenable-solutions.co.uk/ We are dedicated to help businesses throughout the UK, to deal with and move on from situations in which they may face financial difficulties. No one likes to think about the possibility of things going wrong, if and when the worst does happen, it`s reassuring to know that Tenable Solutions with its team of professionals are perfectly qualified to help you get through it. Our team has a unique combination of commitment, professionalism, expertise and attention to detail and are only interested in you and your needs, not that of your creditors. This means we can deliver a solution that will always be best suited to your specific needs and circumstances. When you are under growing pressure from the Banks, HMRC, (Tax or Vat issues)Creditors and possible house repossession, it can sometimes seem as if there is no way out. However, Tenable Solutions can show you many practical alternatives and options by drawing on our unrivalled knowledge and experience, carefully co-ordinating each separate element to deliver a fully integrated, timely and above all, effective solution. There is very little help out there for businesses; Accountants and Solicitors often do not understand your needs and indeed in some cases, "company law", so invariably you get steered down the unnecessary path of Insolvency. We at Tenable Solutions are committed to working in your interests and no one elses, to protect your assets and minimize your liabilities. We have a network of professional lawyers, barristers, Insolvency Practitioners, Accountants, High Court Sheriffs and business angels that assist us in orchestrating the best possible course of action. By drawing on our unrivalled knowledge and experience, you will find that a problem shared is often a problem solved and those continuing sleepless nights will go away. As many of our clients have found, with Tenable Solutions on their side, not only has their business fully recovered but subsequently gone on to enjoy sustained success. We very much welcome the opportunity to assist and play a part in helping achieve the same for you. Call now 0800 4 96 95 94 You Call Today, We Act Today, The Worry Stops Today.