Many firms in Scotland could be facing the possibility of bankruptcy, as a new report has suggested that the country’s economy is “grinding to a halt”. The latest Scotland business monitor from Lloyds TSB has revealed that 39 per cent…

The consequences of the US investment firm Lehman Brothers’ bankruptcy will lead to more debt in the UK, it has been claimed. Michelle Slade, an industry analyst from Moneyfacts, has predicted that the company’s collapse will mean more misery for…

Most of the downward turn in business start-ups is over and things are expected to improve, an industry specialist has stated. Nic Bayley, the head of product for Barclays Local Business, claimed that the worst is over for failing businesses…

Flaws in recent housing market rescue measures announced by the government have been highlighted by a bankruptcy organisation. Spokesman for The UK Insolvency Helpline Ian Boden-Smyth said that while the reforms were appreciated, they will not help people onto the…

A newspaper has been looking into options to clear debt and has concluded bankruptcy may be the appropriate action for some households. The Birmingham Mail, using a couple from Redditch as a case study, indicated self-petitioned bankruptcy may help some…

David Ruffley MP has been speaking out on bankruptcy, EADT 24 has reported. Mr Ruffley, member of parliament for Bury St Edmonds, said the government should be held responsible for the current financial situation which has left many households struggling…

Following statistics released by the Ministry of Justice, an expert has been commenting on the rise of Individual Voluntary Arrangements (IVAs) and self-petitioned bankruptcies. Between the first and second quarters of 2008, IVA have risen seven per cent in England…