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17th June 2019
Barring an insolvency solution like an IVA, many people only have two choices to get out of debt. Either they spend less or they earn more. We’ve covered ways to save money several times on […]
10th June 2019
A seven-year disqualification handed to a Manchester charity CEO should serve as a warning to other non-profit bosses that enter into contracts with unachievable targets. 70-year-old Ian Wardle from Bolton was the CEO and de […]
5th June 2019
Individuals struggling with long-term credit card debts have been urged not to ignore letters that encourage them to make larger repayments. New rules set by the FCA, which regulates firms that provide financial products such […]
23rd May 2019
Want to be debt free? Reducing spending is one of the most challenging but financially rewarding things that you can do to tackle your money problems. Spending more than you earn is one of the […]
20th May 2019
The Company Voluntary Arrangement (CVA) successfully agreed by Debenhams recently will knock £8.5 million off the company’s business rates bill, affecting 59 local authorities in the UK. The terms of Debenhams’ CVA, which was overwhelmingly […]
16th May 2019
New research from insolvency trade body R3 shows that three in ten (28%) of British adults ran a deficit budget in the past month, spending more than they earned in income. In yet more evidence […]
2nd May 2019
The number of companies entering Administration hit a five-year peak in the first quarter of 2019 as the total number of Insolvencies topped 4,000, official figures show. New data from the Insolvency Service shows that […]
2nd May 2019
Insolvency figures from the first three months of 2019 show total number of personal Insolvencies has fallen by 8.1% from an eight year high in 2018, driven primarily by a drop in the number of […]
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 […]