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Personal > Personal Bankruptcy


Banks helped to offer accounts to bankrupts

A change in insolvency law will require more banks to offer accounts to undischarged bankrupts, the government has announced. Read full story


OFT says powers of intervention to be used “carefully”

The Office of Fair Trading (OFT) has told payday lenders that its powers to immediately suspend consumer credit licences will only be used in “urgent” circumstances. Read full story


Fee-charging DMPs more likely to fail

Debt management plans (DMPs) created by fee-charging companies are more likely to fail than arrangements that don’t involve a cost, according to research from a charity and a major bank. Read full story


Scottish personal insolvencies fall nearly a third

The number of Scottish personal insolvencies declined 27.5% in the second quarter of 2012 to 2013 compared to the previous three months. Read full story


Reform to bankruptcy removes court process

The government has announced that it will simplify entry procedures into bankruptcy by removing the court process as part of several measures designed to cut red tape. Read full story


Tender for bankruptcy services launched

Accountant in Bankruptcy (AiB) has announced it will tender for a supplier to administer bankruptcy cases for it. Read full story


Insolvency & Rescue Awards 2012 finalists announced

The finalists of the prestigious Insolvency & Rescue Awards 2012 are announced today (23 August). Read full story


Insolvency manager suspected of stealing £126,000

An insolvency manager who worked for The Insolvency Service, the government agency, has been reported to the police for allegedly stealing £126,000. Read full story


Decrease in individual insolvencies driven by fees

Personal insolvencies across England and Wales have declined 10.2% in the second quarter of 2012, according to statistics from The Insolvency Service. Read full story


Gary Lineker's brother declared bankrupt

The brother of footballing legend and BBC Sport presenter Gary Lineker has been declared bankrupt, Insolvency News can reveal. Read full story


Yorkshire butcher convicted of £3m fraud

A Yorkshire-based butcher has been jailed for stealing £3.3m from HM Revenue & Customs (HMRC) after his business collapsed. Read full story


Ewing kicks off Debt Arrangement Scheme campaign

The Scottish Government has launched a campaign to promote the Scottish Government-backed scheme for those with unmanageable debts. Read full story


TV presenter Miquita Oliver declared bankrupt

TV presenter Miquita Oliver has been declared bankrupt for unpaid taxes to HM Revenue and Customs totalling £174,514. Read full story