Our latest news

16th May 2019
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Three in ten adults spent more than they earned in the past month

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
Company Administrations Hit Five-Year Peak

Company Administrations Hit Five-Year Peak

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
Fall in IVAs Prompts Dip in Personal Insolvencies

Fall in IVAs Prompts Dip in Personal Insolvencies

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
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 […]