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Industry > Moves


Consumer Panel welcomes PPI victory

The Consumer Panel has welcomed the high court judgment on payment protection insurance (PPI) and urged banks to accept the result and compensate consumers.

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IPA announces new president

The Insolvency Practitioners Association (IPA) has appointed Patrick Brazzil as president for the next year, replacing Carl Faulds of Portland Business Recovery.

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R3 announces Frances Coulson as president

Insolvency trade body R3 has appointed Frances Coulson as its president 2011/2012.

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Bankrupt IP issues complaint against Griffins and Grant Thornton partners

Bankrupt insolvency practitioner (IP) Kiran Mistry has sent formal complaints against IPs at Grant Thornton and Griffins, over what he claims is a conflict of interest.

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Multi million pound fraudsters jailed

Two men guilty of a £78m mortgage fraud and an attempted £12m VAT fraud have each been jailed for seven years.

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HMRC breaches disability rules over bankruptcy

A high court has annulled a bankruptcy order, made on the petition of HM Revenue and Customs (HMRC) against a disabled woman, after the body breached disability rules.

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Row erupts over IVA fee capping

A fee-charging debt management firm has called for collective action among insolvency practitioners against TDX Group, to stop “draconian fee capping” on individual voluntary arrangements (IVAs).

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Harrogate businessman spared jail

A court has spared a Harrogate-based businessman of a prison sentence after he sold assets worth more than £58,000 while he was insolvent.

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Torex directors jailed for fraud

Two shamed directors of former AIM listed company Torex Retail have been jailed for a combined period of 18 months, after an investigation by the Serious Fraud Office (SFO).

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ICM chief blasts Project Merlin

Britain’s banks should not be forced to lend and small businesses are pointing the finger in the wrong direction for their failure, according to the Institute of Credit Management (ICM).

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Insolvency practice in liquidation

Grant Thornton and Griffins have taken on nearly 137 cases from a Leicester-based insolvency practice that is now being liquidated.

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Tenon predicts 140,000 personal insolvencies in 2011

2011 will see the highest levels of personal insolvency on record across the UK, rising to around 140,000 people, according to accountancy firm RSM Tenon.

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Personal insolvencies soar to a record 135,000

More than 135,000 people become personally insolvent in 2010, a record annual figure for England and Wales.

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Man accused of investment fraud jailed

A man accused of conducting an illegal investment scheme has been imprisoned for 18 months after failing to cooperate with an investigation by the Financial Services Authority.

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900 staff face axe at Citizens Advice

Citizens Advice has issued redundancy notices to 900 debt advice staff following a government decision to cut funding to the charity.

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CCCS offers extra help to vulnerable debtors

The Consumer Credit Counselling Service (CCCS) has launched a service providing extra help to vulnerable people struggling with debt.

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OFT issues warning on bankruptcy annulments

The Office of Fair Trading (OFT) has warned companies to offer full transparancy on bankruptcy annulments after rebuking three service providers for a lack of clear information.

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Elle Macpherson wins insolvency case

Individuals and businesses who borrow mortgages through a nominee company will get clearer rules on their legal standing, after a case ruling involving former model Elle Macpherson.

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Company directors banned for longest possible term

Two property developers have been banned from acting as company directors for a total of 19 years, following an Insolvency Service investigation.

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Woman jailed for "brazen" scam

A Yorkshire woman who tried to steal £12m in a “brazen” VAT scam involving imported cars has been sentenced to ten years in prison following an investigation by HM Revenue and Customs.

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