Will my BrightHouse debts be written off if it collapses? Mis-selling rights explained

mirror.co.uk:

Rumours are swirling that BrightHouse is on the brink of collapse - with 2,400 jobs on the line. The firm has been hit by compensation claims by customers, seeing the firm fall to a £16million loss in the last set of reports.

BrightHouse said the claims - which are said to be costing it £1million a week - have put "increasing pressure" on the amount of cash the firm has, leading it to put administrators on standby.

But what does it mean for the hundreds of thousands of loans people have taken out with the firm to pay for goods? We take a look at the potential fallout for people who still owe the firm money, as well as those who are in the middle of claiming compensation themselves.