A businessman who was at one time believed to be Ireland’s richest man has declared bankruptcy after racking up debt problems of £2.4 billion.
Sean Quinn, 64, was the head of a manufacturing and insurance business empire before he was declared bankrupt. At the peak of his career, the businessman was believed to have been [...]
-
DEMSA/OFT Approval
We are a member of DEMSA and subscribe to the DEMSA Code of Conduct.
DEMSA is an organisation founded to monitor and maintain high standards in the Debt Management industry. All members of DEMSA are bound by the terms of the Code of Conduct established by DEMSA. Read more...
Category Archives: bankruptcy
Fermanagh businessman declares bankruptcy
Bankrupt UB40 stars had £750,000 in debt problems
Four of the members of the famous reggae group UB40, all of whom went through bankruptcy proceedings recently, have debt problems totalling £750,000.
Drummer Jimmy Brown, saxophonist Brian Travers, percussionist Norman Hassan and trumpet player Terence Oswald were all forced into bankruptcy last month at Birmingham County Court, despite the fact that they sold more than [...]
NFL star Mark Brunell files for bankruptcy
The National Football League (NFL) player Mark Brunell has reportedly filed for bankruptcy after racking up debt problems totalling $24.8 million.
Brunell, who formerly played for the Jacksonville Jaguars and is now a quarterback for the New York Jets, revealed that he filed for bankruptcy back in June. Despite earning around $50 million in his career [...]
Stranraer named bankruptcy capital of Scotland
An MP has named Stranraer the bankruptcy capital of Scotland, after figures were released showing that the region has one of the highest rates of bankruptcy per 10,000 residents in the country.
The figures showed that 49 of the 10,000 residents covered by Stranraer’s Sheriff Court were declared bankrupt in the period 2009 – 2010. This [...]
Owner of fire-ravaged garage faces bankruptcy
The owner of an MOT centre in Rhyl which was nearly completely destroyed by fire has been left facing bankruptcy due to a row over planning permission.
Terry Ledden, the owner of the family-run garage in Ffordd Las, is not able to rebuild his fire-damaged business until the council grants him planning permission.
Rhyl Town [...]
Is the bankruptcy left as the way out for my debts
Do you think that the bankruptcy is the only way left? You may be one of thousands of people who have to face rising debts that seem absolutely impossible to pay. Of course the bankruptcy is not the most pleasant event for everyone even if a person is head over ears in debts but still [...]
What Are Some Ways I Can Avoid Bankruptcy?
While bankruptcy may seem like an attractive, short-term solution to alleviating debt, the process usually hurts people more than it helps. It can take years for your credit to recover from such a maneuver; you may not be able to get financial assistance if and when you need it after filing for bankruptcy. Since this [...]