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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 their meaning. Did you know the word "mortgage" means "death pledge" in Old French?! Spooky. Anyway, use below to find words you may not know the meaning of. We got you.
I
Insolvency
The general meaning of Insolvency is when someone does not have enough money to pay their debts. We would like to elaborate on this as TDRG likes to be clear. When we say “pay their debts” this does not mean having enough money to clear your mortgage in one go, it’s more management of debt payments i.e. being able to make the payments as they fall due.
For example, if you find yourself drowning in unpaid bills and cannot maintain your payments on your borrowing.
Insolvency Practitioner (IP)
An Insolvency Practitioner is authorised and licensed to act on matters on behalf of an insolvent person, company or partnership.
Insolvent
A debtor is insolvent when they are unable to pay their debts.
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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.
To find out more about the different ways we can help you, head over to the 'How we can help you' section.
Simplifying complicated matters.
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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.