1.0Vital Statisticshttps://www.vitalstatistics.infoClare Louisehttps://www.vitalstatistics.info/author/clare-louise/Writing Off Debts – Few Important things you need to know - Vital Statisticsrich600338<blockquote class="wp-embedded-content" data-secret="q5aYGfN8LH"><a href="https://www.vitalstatistics.info/writing-off-debts-few-important-things-you-need-to-know/">Writing Off Debts – Few Important things you need to know</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.vitalstatistics.info/writing-off-debts-few-important-things-you-need-to-know/embed/#?secret=q5aYGfN8LH" width="600" height="338" title="“Writing Off Debts – Few Important things you need to know” — Vital Statistics" data-secret="q5aYGfN8LH" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> https://www.vitalstatistics.info/wp-content/uploads/2020/08/c-3.jpg800533Are you planning to write off your debts? Are you wondering whether it is at all possible to write the debts off? Well, good news is, yes, it is possible in certain situations. There are different government schemes available, which allows you to write the debts off, by using an mechanism, which is voluntary in nature along with the assistance of an insolvency practitioner. There was a government legislation which was passed in the year 1986, which is known by the name of 1986 Insolvency Act. This act allowed people not to make reduced payment as far as their monthly […]