It is also responsibility of bankrupt to make an honest list of all creditors: as a bankruptcy is also a chance to start again bankrupt should ensure every creditor is notified. Not that a creditor could make a claim against you after a bankruptcy, but it will get all your creditors of your back.

A bankruptcy order takes precedence over all other forms of debt recovery. All creditors have right to be included in list of creditors, and benefit from any payment arrangement.

If you own your home you would be fortunate to keep it. You can keep household ‘essentials' such as, bed, fridge, heating appliances but not, TV's, video recorders, computers - unless used for work, or used to get work.

All ‘tools of trade' are protected, but will be scrutinized.

A bankruptcy will normally last until third anniversary of bankruptcy order. During this time you are not allowed to hold a public office, become a company director (or in all but name run a business) and you must not apply for credit over £250 without notifying lender of your bankruptcy.

Your credit file will show your bankruptcy for six years from bankruptcy order.

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Checks and Technology

As times have changed so too have check writing companies. Companies are adapting their processes and checks to keep up with times. Companies like Quicken™ checks and Quickbooks™ checks constantly update their check technology. Even though society is becoming more and more paperless, check producing companies still find a high demand for paper checks exist.

Technology now allows consumers to verify checks over phone at point of sale. Most checks are now verified at this point. Check electronification is also becoming more popular. This process allows payees to scan a check at point of sale, thus reducing fraud and allowing banks to process payment faster.

Reasons to Use Checks

Checks have many advantages over other forms of payment. Quicken™ checks and Quickbooks™ checks allow easy payroll processing and payment for business debts. The Federal Reserve Bank found in Chicago recently conducted a study that showed that 90 percent of Americans use checking accounts. This is partly because checks are still most widely accepted form of payment. They are also low in cost and allow consumers control over timing of every payment made.

Consumers often find check writing convenient. Consumers can use checks to pay over phone, online and in person. Checks can be cashed at many locations for easy access to funds without hassle of remembering PIN numbers or other privacy information. Checks also provide a brilliant way to express your personality and have a little fun when paying off debts.

Quicken™ and Quickbooks™ are especially useful for home business or small business owners who want a printed check that looks professional. These checks correlate with matching accounting software to help you manage your finances.

Checks also provide consumers with added security. Most checks today are built with certain security features making them difficult to copy. Keeping track of your checks and check registry will alert you to any problems with your checks long before they arise. The good news is you can usually stop payment on any checks that might mysteriously wander away. Now gather your closest friends together for a game of check trivia!