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15th April 2019
More than a quarter-of-a-million Debt Relief Orders (DROs) have been issued in the past decade, saving individuals more than £2.3bn since they were introduced in April 2009. The statistics from the Insolvency Service highlight the […]
15th April 2019
The UK’s biggest department store entered into a pre-packed Administration on Tuesday, rendering shareholder’s investments worthless as the company passed to a new company owned by Debenhams’ lenders and bondholders. The new owners, which include […]
4th April 2019
A new survey has revealed that more than three in five UK adults are in debt and a quarter lose sleep over how much they owe. The research from KnowYourMoney.co.uk revealed that almost one in […]
3rd April 2019
Unfair overdraft charges could be a thing of the past after the Financial Conduct Authority (FCA) released new rules that would ban excessive fees and simplify last-ditch borrowing. From December, the FCA will force banks […]
2nd April 2019
The chancellor has promised fresh action to combat late payments to small firms. The Federation of Small Businesses (FSB) estimates that 37% of small businesses have run into cashflow difficulties because of late payments. The […]
2nd April 2019
The Insolvency Service has made ‘progress’ on a scheme to give people in problem debt legal protection against creditor enforcement, while they seek appropriate debt relief. Breathing space would protect individuals from debt recovery and […]
27th March 2019
Two north west football clubs have narrowly avoided winding up orders, following an appearance at the High Court in London recently. League Two side Macclesfield Town settled some outstanding debts and agreed repayment terms with […]
19th March 2019
The Financial Reporting Council (FRC) will be scrapped and replaced with a tough new regulator for accountancy firms, the government has announced. Last year, an independent review of the FRC, led by Sir John Kingman, […]
14th March 2019
There is a good chance that your energy, mobile phone and TV bills could increase next month. In this blog post, we look at some of the worst offenders and how you can protect yourself […]
7th March 2019
The parent company of two of Manchester and Cheshire’s best-loved chain restaurants is pursuing a Company Voluntary Arrangement (CVA) that puts eateries and jobs at risk. Giraffe restaurants in the Trafford Centre and Manchester Airport […]