Debt can be crippling and debt management is a skill that not everyone possesses.

To be fair each individual has their own specific problems and cases of debt are different for everyone as is the strategy to escape. There are a number of fundamentals though that everyone used to follow, but somehow over the years these have slowly evaporated. (more…)

Debt Relief Orders (DROs) were suggested several years ago but were only introduced in England and Wales in April 2009. A similar scheme had been introduced in Scotland some time ago. They are intended to provide debt relief for people that find themselves in a moderate amount of debts that they are unable to repay and who have very little in the form of assets and income. They are particularly intended for people who find themselves in this unfortunate position due to some life crisis such as loosing their job or partner. (more…)