Northern Rock – so interested parties want us to write off £2 billion?

The deadline for interested parties is on us.  And if press reports are to be believed, they want us, as a country, to write off £2 billion in interest charged.
Let’s explore this further:

Northern Rock would have had to pay interest on the money it would have had to borrow.  Why should we, as a country, waive all [...]

£30 billion pounds and counting

It is now just three months since the Northern Rock affair broke.  And in that time the government has loaned, or will soon loan, £30 billion to Northern Rock. 
Let’s put that in context.  It will build 60 of the new Olympics arenae (based on today’s estimated prices).  Or fund the entire NHS for 11 months.  Or [...]

Weaknesses in the financial systems highlighted by the run on Northern Rock

Here in the UK, we pride ourselves by the strength of our financial systems.  After all, until the run on Northen Rock, there has not been a similar, systematic, run on a bank for a long, long time. 
I believe the run on Northern Rock has highlighted some deep seated weaknesses in our systems caused by the huge [...]

IVAs: what will the spat with TIX lead to?

By way of background.  An organisation called Tix represent a number of the major credit card companies and banks, mainly those who have been throwing money like confetti to people who cannot afford to repay. 
Tix are trying to impose on Insolvency Practitioners and their clients some fairly onerous terms for what they consider to be [...]

Missold IVAs and Failed/failing IVAs

Many IVA factories are now coming under severe pressure with many of their IVAs failing.  Some factories have already gone to the wall, others will follow, with a huge impact on the debtors whose IVAs they deal with.
If your IVA is in danger of failing, either because you were missold the IVA solution, your circumstances [...]

What do I do? Where do I start?

Broad comparison of the above options
Financial problems take over every aspect of your life and those of your family. 
There are probably a range of thoughts  and feelings coursing through your mind: you may feel ashamed, you could feel foolish that you let things escalate this far, you may feel that in comparison to your peers you are doing badly; you are uncertain what the future [...]