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Personal


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


ClearDebt revenue up despite fall in IVAs

Debt management firm ClearDebt has today posted a revenue rise of 18% to £9.2m, despite “disappointing” numbers of individual voluntary agreements (IVAs) in the second half of 2012. Read full story


50 jobs to be axed at Insolvency Service

The Insolvency Service is set to make 50 jobs cuts during the current financial year, as the government agency struggles to tackle its deficit. 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


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


Payday Loan debt calls soar 116%

Money Advice Trust boss Joanna Elson hit out at payday loans after National Debtline calls rocketed 116% for the first half of the year, compared to the same period in 2011. Read full story


Rise in Scottish personal insolvencies ahead of fee change

Scottish personal insolvencies have risen in the first quarter of 2012 to 2013 by 14.9% ahead of a change in costs. 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


Fairpoint ups profits forecast

Fairpoint Group today advised shareholders it expects adjusted profits for the current calendar year to exceed market predictions as a result of considerable revenue growth. Read full story


UK unemployment falls despite public sector cuts

UK unemployment has fallen by 51,000 for the quarter ending April, down 0.2 per cent on the previous quarter, meaning there were 2.61 million unemployed individuals. Read full story


Income cuts and mounting debt problems are main causes of financial hardship

Loss of income and spiralling debt problems have been cited as the two main triggers for serious financial difficulties. Read full story


Insolvency Service announces appointment of new chief executive

The Insolvency Service (IS) has announced the appointment of Dr Richard Judge as its new chief executive. Read full story


Coronation street favourite declared bankrupt

Coronation Street actress Beverley Callard has been declared bankrupt. Read full story


Catalogue debts crippling consumers

Mounting debts owed to catalogue companies resulted in 25,000 calls to the National Debtline in 2011, according to figures released this morning. Read full story


Wife of Hell's Kitchen star Marco Pierre White sees finances go up in smoke

EXCLUSIVE: The wife of Hell’s Kitchen star Marco Pierre White has been declared bankrupt. Read full story


IPA officially confirms new president

The Insolvency Practitioners Association (IPA) has officially confirmed Edward Bible will assume the group’s presidency. Read full story


West Ham United footballer John Carew declared bankrupt

EXCLUSIVE: West Ham United footballer John Carew has been declared bankrupt. Read full story


Personal insolvencies will hit lowest level since 2005

Personal insolvencies will fall to their lowest level since 2005, a report by RSM Tenon has predicted. Read full story