Household Debt Grows for 26th Consecutive Month

Household Debt Grows for 26th Consecutive Month

Around 8.8 million people are now over-indebted due to more than two years of increasing household debt, according to a new report by the Centre for Social Justice (CSJ).

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New EU Rules on Insolvency

New EU Rules on Insolvency

New rules on insolvency that aim to give struggling companies a second chance to improve their financial situation were approved by the European Parliament on 20th May 2015.

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Insolvency Profession Helps Rescue Many Insolvent Businesses

Insolvency Profession Helps Rescue Many Insolvent Businesses

The UK's insolvency profession has played an important part in helping to rescue approximately two-in-five insolvent businesses in 2013-14, according to research by ComRes and R3, the insolvency trade body.

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People Feel More in Control of Their Debt Repayments

People Feel More in Control of Their Debt Repayments

It is good to hear that people are feeling more upbeat when it comes to the future of their finances, according to a new report by Lloyds Bank.

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Personal Insolvencies Reach Ten Year Low in Scotland

Personal Insolvencies Reach Ten Year Low in Scotland

The number of personal insolvencies in Scotland has fallen to its lowest level in ten years, according to Accountant in Bankruptcy (AiB), which has reported a 19.1% fall in the annual figure for 2014-15 compared to the previous year.

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