10th February 2021
Research completed by the Money Advice Service suggests that women are more likely to struggle with debt compared to men. According to the study, which is backed by the government, women make up 55% of […]
21st January 2021
An Individual Voluntary Arrangement (or IVA) is a payback agreement between an individual and his or her creditors. If you can’t afford to repay your debts, you can use a Licensed Insolvency Practitioner to negotiate […]
4th November 2019
The number of people facing insolvency is on course to reach the highest level for almost a decade in 2019, after an annual increase of more than 22% in September. Company insolvencies also increased for […]
19th September 2019
Record numbers of Britons sought advice to tackle mounting debts as more households are ‘struggling to keep their heads above water’, according to debt advice charity StepChange. Some 331,337 people contacted the charity for debt advice […]
10th September 2019
New insolvency statistics contain a stark warning for young people heading to university this September. With high tuition fees, limited government funding and easy access to credit facilities like overdrafts and credit cards, new students […]
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 […]
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 […]
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 […]
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 […]
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 […]