Glossary

A fixed charge is a debt secured by an asset. Usually, this asset is property. […]

Some financial institutions provide a factoring service. They pay companies for their unpaid sales invoices […]

A floating charge is typically secured on things that change on a regular basis, such […]

A company’s Directors run the company on a day-to-day basis. The company’s management and control […]

Default notices are issued by creditors before they commence legal action. They give an individual or […]

An individual can declare themselves bankrupt by visiting their local county court and petitioning for […]