Author Archives: Harry Whitehome

The word ‘bankruptcy’ strikes fear into the hearts of many people who are in financial difficulties. And there’s every reason for it to do so. Although some suggest bankruptcy is an easy way out of debt because it’s a way of wiping the slate clean and starting again, it comes at a huge price. For instance, your home and other valued assets could be taken away from you. You will be prohibited from working in certain occupations such as the armed forces or police. And that label of ‘bankrupt’ will be on your credit file for the next six years. A much better alternative is to look at a debt management plan. Continue reading →