Kallis & Co Newsline 1st Edition : Welcome to the First Edition of Newsline by Kallis & Company. We aim to provide an update on the latest Finance news for you and your clients.
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Date: 16 Feb 2015 | 0 Comment | Blog | Posted by: Peter Charalambous |
At present, a debtor can be declared bankrupt if they owe just £750. In 1986 that was a sizable sum of money but today, that’s what Wayne Rooney earns in 25 minutes. If that original threshold was adjusted and increased with the rate of the inflation the bankruptcy threshold would be around £1,700 (or around Wayne Rooney’s hourly rate).
The Insolvency Service and Insolvency Practitioners (IP’s)...
Date: 14 Aug 2014 | 0 Comment | Blog | Posted by: Peter Charalambous |