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Middle-aged females suffer most in credit crunch
Bankruptcies among middle-aged women are rising at a faster rate than any other demographic group, shooting up 37 per cent in just one year.
_Read full storyPersonal insolvencies show annual rise
The number of personal insolvencies in England and Wales reached 34,743 in the second quarter of 2010 – a rise of five per cent on the same period in 2009.
_Read full storyNorth South divide lives on
Recent personal insolvency figures have pointed to a distinct North South divide in the number of bankruptcies in the UK.
_Read full storyRich list hit by insolvencies
The number of highly educated, wealthy individuals becoming insolvent rocketed by 43 per cent during last year, according to research out today.
_Read full storyNumber of people declaring bankruptcy on the rise
The number of people attempting to make themselves bankrupt jumped by a fifth in the first three months of this year, according to figures released by the Ministry of Justice (MOJ).
_Read full storyInsolvencies reach record levels
Over 388 people entered insolvency every day during the first three months of this year, according to the latest figures from RSM Tenon Tracker.
_Read full storyThird of people are in debt denial
A third of people with debt problems have not told their family or partner, according to fresh research by insolvency trade body R3.
_Read full storyPeople are becoming slaves to DMPs
Over a quarter of individuals in debt management plans (DMPs) will have to face making payments for over ten years, according to figures released today by insolvency trade body R3.
_Read full storyGovernment changes to DROs
The government has announced plans to make it easier for people in financial difficulty write off their debts in Debt Relief Orders (DROs).
_Read full storySolicitors charged with £50m fraud
Two solicitors have been charged in connection with a series of high value commercial mortgage frauds.
_Read full storyHMRC give £70,000 job to undischarged bankrupt
Just a month after petitioning for the bankruptcy of Robert Bowering, 46, HMRC employed him as manager of its Centre 1 call centre in East Kilbridge, Lanarkshire.
_Read full storyDismal POCA recovery from VAT fraud
Raymond Woolley, convicted of a £38m VAT fraud, must repay £12m within three months or serve another two years in jail.
_Read full storyResults of IVA review published
A review of the handling of IVA cases by the Insolvency Service has revealed that most IVAs complied with the new IVA protocol, and that over half of debtors found the process easy to understand.
_Read full storyBusinessman enters £24m IVA
A Plymouth businessman with debts of more than £24m has entered into an IVA which may see his creditors receive 0.23p in the £.
_Read full storyBankrupt pub owners receive suspended sentences
Two bankrupt former pub owners from Warehorn, Ashford have been given suspended prison sentences after failing to tell the Official Receiver that they had sold their pub and fled to Spain with the profits, following a prosecution by the Department for Business, Innovation and Skills.
_Read full storyBankrupt accountant forged OR letters to empty account
A bankrupt accountant who forged letters to her bank so she could access funds seized by the Official Receiver has been sentenced to 200 hours community service.
_Read full storyIPs accuse OR of encroaching on bankruptcies
Private sector IPs have accused the Official Receiver's offices of stepping outside their remit in dealing with bankruptcies where there are realisable assets.
_Read full storyOFT to investigate debt management firms
The Office of Fair Trading (OFT) has announced that it is launching a review of compliance levels across the debt management industry.
_Read full storySecret millionaire forced into bankruptcy
Chek Whyte, one of the Secret Millionaires appearing on the Channel 4 TV series, has been declared bankrupt after his IVA application was rejected.
_Read full storyR3 - One million people insolvent in the UK
Around 700,000 people are currently left off the official British insolvency figures, even though they are technically insolvent.
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