London Turkish Radio will continue broadcasting to the Turkish community after the liquidator of Turkish Radio (UK) Ltd, Mr Mehmet Arkin, successfully negotiated the sale of the company\'s Broadcastin ...
8
Nov
Companies closed for property scams
A further two companies have been closed down for landbanking “confidence trick” scams following a probe by the Insolvency Service (IS).
Regency Land Sales and Regency Land Group ...
Testimonials
Mrs H was left with substantial unsecured debts following a lengthy and costly divorce and although she was earning a good wage as a self-employed advertising sales executive, she was unable to service her debts due to the high rate of interest being applied. Facing bankruptcy, Mrs H was in danger of losing her home and her income stream as she would have been subject to an income payments order.
Mrs H was referred to Arkin & Co who, after having reviewed her financial circumstances, recommended that she propose an IVA to address her unsecured debts. Arkin & Co subsequently prepared a proposal on behalf of Mrs H which was approved by the requisite majority of her creditors. The proposal required Mrs H to make 60 monthly payments of £400 in full and final settlement of her debts. Interest was frozen and over 75% of her debts were written off.
The IVA has presented Mrs H with a final solution to her debts, her home is safe and her income stream remains intact. At the end of the 5-year term, Mrs H will be debt free.
Name
Business
Status
Mrs H
Advertising Sales Executive
Self-employed
Before
After
Position Prior to IVATotal Unsecured Debts: £78,132
Approximate Monthly Interest: £1,300
Monthly Repayments: £1,953.30
Position After IVATotal Unsecured Debts: £18,986
Monthly Interest: Nil
Monthly Repayment: £400 (for 60 months)
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