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Personal


Threshold introduced for charging orders

Creditors can secure a debtor’s property against unsecured debts as low as £1,000 due to new regulations on charging orders which have come into effect. Read full story


PACE: Support for business recovery professionals

The Partnership Action for Continuing Employment (PACE) is the Scottish Government’s initiative dedicated to helping individuals and employers with advice and support when faced with redundancy. Read full story


BUDGET 2013: CTF consultation to go ahead

The Budget report provided hope for Child Trust Fund (CTF) savers locked into poor-paying accounts as the Government confirmed it would launch a consultation on transferring savings from CTFs to Junior ISAs. Read full story


BUDGET 2013: Help To Buy scheme unveiled

Chancellor George Osborne announced the launch of Help To Buy, a new scheme to help the housing market. Read full story


BUDGET 2013: Osborne confirms childcare plans

George Osborne confirmed the previously revealed changes to childcare assistance in the Budget. Read full story


BUDGET 2013: Landlords cheer duty reduction

The Budget contained good news for beer drinkers who will see the price of a pint cut by 1p from Sunday night. Read full story


ITV2 presenter Joe Swash bankrupt again

ITV2 “I’m a celebrity” presenter and former EastEnders star Joe Swash has been declared bankrupt for the second time in five years. Read full story


Bankrupt jailed for avoiding paying debts

A bankrupt has been handed a 12-month prison sentence after he was found guilty of removing money from accounts and failing to disclose funds to the Insolvency Service. Read full story


ClearDebt to delist as Abacus makes loss

ClearDebt – the IVA and debt management group – has announced its intention to delist from the Alternative Investment Market (AIM). Read full story


Director faces prison sentence for company record failings

An Essex-based builder has been handed a four-month jail term suspended for one year after failing to keep proper company records. Read full story


Four suspects in £5m international fraud case arrested

Four people from the West Midlands have been arrested during dawn raids on suspicion of carrying out a £5m international tax credit and maternity allowance fraud. Read full story


Chart topping singer declares bankruptcy

One of Britain’s biggest former soap stars who became a chart-topping singer has been declared bankrupt, Credit Today can reveal. Read full story


Debt advice directors disqualified

Two directors of debt advice firm Smart Credit & Debit have been banned for a total of 12 years following an investigation. Read full story


DAS reforms to freeze interest on payday loans

The Scottish government has announced planned reforms to the debt arrangement scheme (DAS) that will fix the amount of debt owed to creditors. Read full story


DMP protocol: The industry reacts

The leading financial services trade bodies have issued a series of statements today on the launch of the debt management protocol. Read full story


Debt management protocol launched

Consumers who pay for advice on managing their debts will now be protected by a new debt management plan (DMP) protocol launched today. Read full story


Scottish personal insolvencies in decline

The number of personal insolvencies in Scotland totalled 3,855 in the third quarter of 2012-13, the lowest quarterly figure since 2008, according to the latest figures. Read full story


£5bn ‘banana king’ files for UK bankruptcy

Accountancy firm Mazars has been appointed as bankruptcy trustees to Russian tycoon Vladimir Kekhman, whose wealth has been estimated at £5 billion. Read full story


AiB opens tender process for insolvency contract

Accountant in Bankruptcy (AiB) has invited six organisations to tender for a two-year insolvency services contract. Read full story


Director banned for nine years for employing illegal workers

The director of a Leicester-based clothing manufacturing company has been banned from working as a director for nine years following an investigation by the Insolvency Service. Read full story