Winding up order
Action taken when a company has breached any trust the creditor had, deals have failed, cheques bounced and generally the directors have not kept their word.

County court judgement
An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors. Once the ruling has taken place it will be recorded against the person's credit history and will appear every time a credit search is done for the next seven years.

Bankruptcy
Bankruptcy is a legal process whereby all debts are cleared subject to individual circumstances.

Mortgages Arrears
Owing money that should have been paid in the past.

... more debt terms