MLM Solutions Blog

Welcome to the MLM Solutions Blog. Contact us for expert debt advice.

Is Personal Debt getting in the way of your life goals?

Whether it is the application for a mortgage, a new car, the cost of further studies or a business start-up, personal debt can severely impact on your goals and prospects as lenders measure up your application. Strategic financial advice when weighing your lending options against your wider commitments can help you reach your long-term aims faster.

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Debt Recovery options in Scotland

Corporate insolvencies in Scotland are up 4.5% in comparison to the same period last year and, therefore, agreeing to the best debt recovery plan for your business is crucial. The Accountant in Bankruptcy (AiB) for Scotland announced figures for Q1 in the 2018-19 tax year, offering a mixed view on the debt recovery options taken by businesses and their creditors.

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Tax Avoidance Schemes & APNs

There has been recent widespread media coverage of aggressive tax repayment demands by HMRC. These demands have caused significant distress, with many individuals facing unexpected payment demands and resulting severe financial difficulty. Unaware that their participation in these schemes might be seen as tax avoidance, this has come as a huge blow to many – and some may never recover financially.

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Formula 1’s Manor team collapse, following administrators fail to find a buyer

Manor, the team which started life as Virgin Racing in 2010, have ceased trading today, Friday 3rd February, after administrators FRP Advisory have failed to find a buyer for their operating company, Just Racing Services.  While this doesn’t definitively spell the end for Manor, who have experienced administration once before in 2014, if a buyer was to come in now, it would be unlikely for the team to be ready to compete in the opening race of the upcoming championship.  There have been calls for stricter regulations into F1, particularly in the distribution of prize money amongst less well-established teams.

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Tens Of Thousands Lose Out After Budget Travel Firm Calls In Administrators

Tens of thousands of British holidaymakers face losing not only their holidays, but their money, after budget travel firm Lowcostholidays group went into administration this summer. When administrators were called in the travel company had 27,000 customers enjoying their holidays across the globe, and a further 110,000 customers booked for the peak summer months. Passengers were left unsure about what would happen with their holidays, but it has been revealed that the online travel company did not have an ATOL licence - meaning tens of thousands will not get their money back.

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