15th April 2019
Debt relief saves £2.3bn over ten years

Debt relief saves £2.3bn over ten years

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
Why Have Lenders Taken Control of Debenhams?

Why Have Lenders Taken Control of Debenhams?

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
Lose sleep over debt

Quarter of Brits Lose Sleep Over Debt

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
Overdraft Charge Changes Forced on Banks

Overdraft Charge Changes Forced on Banks

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
New Action to Stop 50,000 Small Business Closures Per Year

New Action to Stop 50,000 Small Business Closures Per Year

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
Are you struggling with problem debt? Find out more about debt relief solutions by speaking to an Umbrella.uk adviser today. Call: 0800 611 8888.

Statutory Breathing Space Scheme for People in Problem Debt

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
Macclesfield Town and Bolton Wanderers Avoid Winding Up Orders

Macclesfield Town and Bolton Wanderers Avoid Winding Up Orders

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 New Accounting Watchdog Has More Power to Hold Company Directors to Account

The New Accounting Watchdog Has More Power to Hold Company Directors to Account

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

Household Bills Set to Soar in April

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
Manchester Giraffe Restaurants Risk CVA Closure

Manchester Giraffe Restaurants Risk CVA Closure

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 […]