The number of personal insolvencies looks set to exceed 30,000 once more as an increasing amount of people on low incomes are declaring themselves bankrupt, it has been suggested. This may be because more are opting for debt relief orders…

The implementation of a new lending code, which is due to come into effect on November 1st, will better protect consumers in their borrowing activities. This is the opinion of Robert Skinner, chief executive of the Lending Standards Board (LSB),…

Parents in the UK are finding Halloween to be an expensive time, with a total amount of £200 million being spent on entertainment for their children, new research has revealed. According to a study conducted by Egg, 77 per cent…

People in Britain have expressed regret at not being more financially responsible, according to a new survey. Findings from Simplyhealth’s Bothered Britain Report have revealed that 36 per cent of respondents are unhappy with how they have managed their money…

The number of bankrupt people in the UK is set to rise, according to new industry figures. R3’s president Peter Sergeant was quoted by the Sunday Times this week as saying as many as one million people will be technically…

The number of people filing for bankruptcy has soared over the last year, it has been revealed. According to figures released by the Ministry of Justice, petitions from those with debt problems increased by 29 per cent in the first…

Redundancies are causing significant increases in the number of people seeking bankruptcy advice, it has been stated. Jacqueline Gallagher, manager of Citizens Advice in Derry, told the Sunday Journal that many borrowers have bought items such as cars and houses…

This month sees a new method of coping with debt management being introduced. On April 6th, those struggling to repay outstanding amounts may be able to apply for a debt relief order to help avoid bankruptcy. Consumer body Which? noted…