UHY Staff News

Staff Additions UHY Haines Norton welcomes Trudi Diamond and Jane Chea to the firm; Trudi and Jane have both taken up positions in our audit team as audit juniors. Total Eclipse of the Sun On 14 November 2012 there was a solar eclipse, one of the best vantage points to witness the eclipse was northern…

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Christmas Cheer

What kind of bird can write? A pen-guin! What do you get if you cross Santa with a detective? Santa Clues What happened when the snowwoman got angry at the snowman? She gave him the cold shoulder! What do you call a snowman in the summer? A puddle! Knock knock! Who’s there? Snow. Snow who?…

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Mike Bristow

Congratulations to UHY Haines Norton client Mike Bristow who has recently been appointed by the property services company Darroch to the position of National Director of Valuations.  Mike specialises in commercial valuation and dispute resolution

What do you do if you can’t pay your debts on time?

In today’s economic environment many people are finding themselves in the situation of juggling their money to pay off debts.

If someone is struggling to pay their debts the longer they keep creditors in the dark and ignore payment requests the more difficult the situation is likely to become.

A negative credit rating is damaging and can jeopardize future credit applications.

Much depends on the size of the debt owed as to what actions creditors are likely to take.  If the debt is restricted to a few hundred dollars it will usually be sent to a debt collection agency.  If, however, the amount outstanding is substantial it is likely that lawyers and even the courts will become involved.

The key point to note with outstanding debts is that things will only get worse unless the indebtedness is managed, faced and action taken.

So what actions can be undertaken if you find yourself with mounting debts?

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