6th March 2019
Help with gambling debt

Dealing with gambling debt

Many compulsive gamblers find themselves struggling with unsupportable levels of debt. Compulsive gambling can also exacerbate debt problems and, in turn, debt problems can drive addicts back to online casinos or bookmakers. Compulsive gamblers often […]
25th February 2019
For more information on personal insolvency services, please speak to a member of the team today. Call: 0800 611 8888.

Are the Best Credit Card Deals Disappearing?

The Telegraph reported this week that some of the best credit card deals have disappeared from the market over the last 12 months. Last year, an investigation of the credit card market by the Financial […]
25th February 2019
Intu, the shopping centre chain that owns the Trafford Centre, saw its shares tumble 9% this week following a tough year in the retail sector.

Trafford Centre Owner Struggles in Tough Retail Environment

Intu, the shopping centre chain that owns the Trafford Centre, saw its shares tumble 9% this week following a tough year in the retail sector. The retail landlord – which was the subject of two […]
18th February 2019
IVAs Drive Personal Insolvencies to Seven-Year High

IVAs Drive Personal Insolvencies to Seven-Year High

The number of people who became insolvent after failing to pay their debts increased 16% in 2018. The increase was driven by a record number of Individual Voluntary Arrangements (IVAs), which help people get a […]
14th February 2019
Construction industry worst hit by insolvencies in 2018

Construction industry worst hit by insolvencies in 2018

The construction industry was the worst affected by company insolvencies in 2018, with almost 3,000 companies unable to pay their bills. This is a 12% increase on the previous year. A total of 2,954 construction […]
11th February 2019
When a company is insolvent, directors have a legal responsibility to take action.

Company Voluntary Arrangement vs. Administration: What’s Right For Your Business?

When a company is insolvent, directors have a legal responsibility to take action. At this point, the directors should approach a Licensed Insolvency Practitioner who will advise them on the best course of action. Depending […]
5th February 2019
Household spending, Borrowing, Personal insolvency, Prices,

Families Borrowed More to Spend an Average £570 per Week in 2018

Average weekly household spending climbed to £572.60 in 2018, the highest level since 2005. But statistics from the Office for National Statistics reveal that families had to borrow more or use up savings to fuel […]
28th January 2019
One-in-Ten Firms Could Be ‘Zombie Businesses’

One-in-Ten Firms Could Be ‘Zombie Businesses’

More than one-in-ten (11%) UK firms are only paying the interest on their debt, rather than the debt itself, which is one sign of a ‘zombie business’ according to restructuring trade body R3. Zombie businesses […]
27th January 2019
Average Household Debt Hits Record £15,400

Average Household Debt Hits Record £15,400

Unsecured household debt has risen to a fresh peak, with debt per household reaching £15,385, according to analysis by the TUC. The trade union group claims that government austerity and years of wage stagnation are […]
22nd January 2019
Paperchase Seeks CVA Advice Sparking Store Closure Concerns

Paperchase Seeks CVA Advice Sparking Store Closure Concerns

Upmarket stationary retailer Paperchase has reportedly called in advisers to explore a potential Company Voluntary Arrangement (CVA) that would help the company cut costs. The Telegraph reports that the chain, which has outlets across Greater […]