Debt Consolidation - Bez's Bankruptcy Double Whammy

Bankruptcy is stressful enough if you experience it just the once but former Happy Mondays maracas man, Bez, doesn't do things by half and has been declared bankrupt a second time but debt consolidation could've helped.

According to a report on Sky News, bankruptcy proceedings have been issued against 90's musician Bez for a second time. During the current economic doom, experts are predicting that bankruptcies and insolvencies will reach record highs in 2008 and Bez is an early casualty of this after being declared bankrupt again in March of this year. For those who have debts from multiple sources, debt consolidation loans have proven to be an excellent means of regaining control of errant finances. A debt consolidation loan will place all outstanding debt into a single monthly repayment which is set at a level that is financially manageable for the individual in debt.

Debt Consolidation - Unhappy Mondays

Celebrity Big Brother winner, Bez, was first declared bankrupt back in 2004 but it was thought that winning the reality programme had gotten his finances back on track. Unfortunately, however, some four years later, he was declared bankrupt once again. According to the report on Sky News, Bez, real name Mark Berry, had received £50,000 for winning Celebrity Big Brother in 2005 and this had helped him recover from his first bankruptcy situation. In the subsequent years, however, he became saddled with multiple debts once again and was declared bankrupt on March 31, 2008. For many who are face with this type of financial uncertainty, a debt consolidation loan can help them face up to their debts in a more tangible manner as it places all outstanding debts into a single repayment instead of being bombarded with repayment requests from multiple angles.

Debt Consolidation - Putting The Buffers On Runaway Debt

In the current climate of the credit crunch, spiralling living costs and restricted lending practices, homeowners and consumers across the UK are finding themselves trapped in a cycle of debt in ever increasing numbers. Many will opt to utilise debt consolidation loans before things reach the stage of bankruptcy as was the case with Happy Mondays bit-part, Bez. It can be daunting to be faced with repayment pressures from a large number of parties but a debt consolidation loan will structure all these debts into a single, and more importantly, manageable, monthly repayment.

Speak to Consolidate My Debt about Debt Consolidation

Consolidate My Debt are debt solution experts who offer a range of options to those in financial difficulty. Consolidate My Debt use fully trained debt advisors to ensure they find the right financial solution for you. Financial solutions from individual voluntary arrangements (IVA) to debt consolidation are offered and Consolidate My Debt can consolidate your debt into one affordable monthly payment. To find out more about the IVAs, debt consolidation and other financial solutions on offer from Consolidate My Debt just freephone 0800 158 3654 or email enquiries@consolidatemydebt.co.uk.

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