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Last year turned out to be a further difficult year for many households in Leicester, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that last year 2338 people in Leicester took out some form of debt solution, either with an Individual Voluntary Arrangement (IVA), [...]

2010 turned out to be a difficult year for many households in Newcastle, with the city coming out runner up in the league for personal insolvencies for the 2nd year running. Official records show that 3522 people in Newcastle took out some form of insolvency solution, either with an Individual Voluntary Arrangement (IVA), Bankruptcy or [...]

A record number of people were declared insolvent in England and Wales in 2010 although the number of new cases fell in the last three months of the year. There were 135,089 people declared insolvent last year, said the Insolvency Service. However, there was a 13.6% drop in the last quarter of the year compared [...]

Time was when Payment Protection Insurance (PPI) was all the rage when taking out personal loans, or even mortgages! Theoretically it was, and still is, a good way of protecting the loan repayments perchance health problems develop which prevent you from working, or you are made redundant. The problem is that not everyone is eligible [...]

The OFT has imposed requirements on three associated companies, The Bankruptcy Protection Fund Limited, Consolidated Finance Limited and Alpha Mortgages Manchester Limited, to improve these companies’ practices when offering bankruptcy annulment services to customers. Bankruptcies can be annulled by a court in certain circumstances, including when bankruptcy debts and expenses of the bankruptcy have been [...]

It is perfectly normal for couples or business partners to take out loans or overdrafts in their joint names, in the expectation that each of the individuals will be responsible for their share of the debt repayments over the agreed repayment period. All’s well as long as repayments are kept up to date, and partnership [...]

Following the announcement of severe cuts in public spending last year, we are now starting to see the impact of these on services offered to the public, with the latest casualty being the provision of free debt advice services, with the removal of the Financial Inclusion Fund last week. This Fund amounted to £25m a [...]

Money problems may be fueling a rise in depression in England, it has been suggested. Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years, data obtained by the BBC shows. GP’s and charities said they were being contacted increasingly by people struggling with money problems and job [...]

2010 turned out to be a further difficult year for many households in Bristol, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that the numbers of people taking out some form of insolvency solution, either with an Individual Voluntary Arrangement (IVA), Bankruptcy or Debt [...]

2010 turned out to be a difficult year for many households in Nottingham, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that, whilst 10% down on 2009 figures, 3000 people in Nottingham took out some form of insolvency solution, either with an Individual Voluntary [...]