July 2011
Bankruptcy: a high-profile case
28 July 2011
The former Scotland and Blackburn Rovers captain Colin Hendry has been discharged from his bankruptcy. The retired footballer had amassed debts of £2.1 million, which he was unable to repay.
His discharge means most of his debt
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Worst household budget squeeze for 2 years
25 July 2011
Markit`s monthly survey of consumers shows that consumer spending power is being cut as severely as it was in March 2009. The combination of rising fuel costs, Government austerity measures and faltering global growth is having a real effect on
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Scottish Insolvencies up by 25%
21 July 2011
Figures released by Accountant in Bankruptcy (AiB), on aib.gov.uk, reveal that insolvencies in Scotland rose by 25% in the period April - June 2011, compared with the period January - March 2011.
There were 5,319 personal insolvencies in
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CFA launches lending code for payday lenders
18 July 2011
The Consumer Finance Association (CFA), which represents payday lenders, launched a new code of practice last week in the House of Commons, supported by Stephen Lloyd MP, as reported on cfa-uk.co.uk.
Payday loans are small amounts of money
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National Debt in the UK equal to £35,000 per household
14 July 2011
The Office for Budget Responsibility`s (OBR) Fiscal sustainability report states that public sector net debt, or `national debt`, stands at £906 billion or the equivalent of £35,000 per household - £80,000 per household taking future pension and health commitments into
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Students face `lifetime of debt` with `poor job prospects`
11 July 2011
Today`s university students face a "lifetime of debt" because of the rise in tuition fees, according to uSwitch.com.
And "poor job prospects" may contribute to a "bleak financial situation" that could force them to delay their plans for
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More homeowners taking on debt for improvements
7 July 2011
Figures taken from Sainsbury`s loans book indicate as many as one in five loans are for home improvements in the UK - Britons are taking on debt and investing in their properties despite the challenging economic conditions.
Of the
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Corby`s mortgage debts: English repossession capital
4 July 2011
Mortgage debt is blighting Corby, Northamptonshire, the borough with the highest level of repossessions in England. 155 Corby residents received possession orders from the courts in the last financial year alone. That`s the equivalent of 7.6 out of 1,000 privately
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