The rates at which British consumers opt to enter bankruptcy as a form of debt solution will increase considerably over the course of this year, it has been suggested. In fact, the Consumer Credit Counselling Service (CCCS) is convinced that…
Insolvency rates across the UK will soar during the early part of this year, according to the latest predictions from accountancy firm Grant Thornton. The company’s personal insolvency practice is convinced that a total of around 110,000 Britons will be…
Continue reading the "New year ‘will see soaring insolvency rates’" »
The overall amount of money owed by UK consumers to their friends and family members is now worth a collective total of around £26 billion, according to a recent study. Data compiled by PayPal reveals that almost half of the…
Continue reading the "Debts to friends and family worth £26bn" »
The number of people entering into an Individual Voluntary Arrangement (IVA) looks set to rise in the early part of next year, it has been claimed. Experts at the consultancy business Capital Economic are convinced that more and more people…
A number of financial services groups in the UK have agreed the principles of a new “streamlined” set of Individual Voluntary Arrangement (IVA) standards that are aimed at helping people with unmanageable debts. The new set of standards are reported…
Continue reading the "New “streamlined” IVA process planned" »
A report from the accountancy firm PricewaterhouseCoopers has predicted that the number of people entering an Individual Voluntary Arrangement (IVA) will increase next year. “Over-borrowing” and increased rates of interest will see debt management problems spiral out of control for…
A total of 15,833 people declared bankruptcy over the course of the third quarter of this year, which is 2.2 per cent more than the same period in 2006, it has been revealed. Official figures from the Insolvency Service show…
The Consumer Credit Counselling Service (CCCS) has outlined the benefits for indebted Britons of entering an Individual Voluntary Arrangement (IVA). According to the organisation, IVAs often prove more attractive to consumers than outright bankruptcy because they last for a fixed…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
