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14th August 2019
The latest personal insolvency statistics reveal that more women entered insolvency in England and Wales than men in 2018, following a pattern that has been in place for several years. Figures released by the Insolvency […]
5th August 2019
The number of companies entering insolvency hit a five year high in the second quarter of 2019 as financial pressures intensify. Figures from the Insolvency Service show that 4,321 companies entered insolvency between April and […]
30th July 2019
Despite a number of high-profile insolvencies hitting the headlines, new research shows that the number of company administrations in England fell 14% in the second quarter of the year. KPMG’s study of administration notices in […]
29th July 2019
Landlords are fighting back against high street Company Voluntary Arrangements (CVAs), that allow retail and restaurant businesses to close stores and reduce rents. The CVA process was designed to help struggling companies avoid permanent insolvencies, […]
16th July 2019
Government plans, confirmed in the latest Finance Bill, to make HMRC a preferential creditor in company insolvencies are a ‘bad deal’ for businesses and the taxpayer, according to insolvency and restructuring trade body R3. The […]
8th July 2019
The Bank of England has revealed that British consumers owe a total of £72.9 billion on credit cards. Overall consumers debt – which includes cards, overdrafts, personal loans and car finance – stands at an […]
2nd July 2019
The Insolvency Service has disqualified an Altrincham-based recruitment boss for 9 years after the regulator found him acting as a director while serving a previous ban. Simon Anthony Charles Wooding received his second ban following […]
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 […]