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Terminology.
Wondering what a word means? We've got that covered too.
We try to keep the jargon to zero but there are words that you will need to know the meaning of. Did you know the word "mortgage" means "death pledge" in Old French?! Spooky. Anyway use below to find words that you may not understand the meaning of. We got you.
Winding up order
A winding up order is simply an instruction given by the court to close down a business and liquidate its assets.
Winding-up petition
A winding-up petition is a legal action a creditor takes to force a company into compulsory liquidation.
Wound up
A company being "wound up" means that it will stop doing any business and any assets the company has will be sold and used to repay debts. It will also be removed from the Companies House register.
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We want to support people who are in or at risk of debt. By drawing upon knowledge and experience of how money and debt works, we have produced a website full of up-to-date information, and useful tools to do just that.
Ultimately, we have one goal, and that is to educate people about debt, by simplifying complicated matters, so that anyone can understand.
More than anything we hope you find the information on this website useful, and that it helps you to take positive steps in the right direction.
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Budget planner.
Do you know how much you have left at the end of each month? Do you need to send an income and expenditure to a creditor? We've got you covered. Our budget planner provides you with a simple and free way to view and track your spending.