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Personal > Personal Bankruptcy

Former TV presenter declared bankrupt

Gail Porter, the TV celebrity who has battled with bipolar disorder and anorexia among a series of health problems, has been declared bankrupt. Read full story

Debt purchaser agrees redress package

A debt purchase and collections firm has agreed with the Financial Conduct Authority (FCA) to provide redress to more than 500,000 customers for historic failures in its due diligence and collections process. Read full story

FCA makes pledge to improve authorisation process

The Financial Conduct Authority (FCA) has launched a five-step plan to improve how it communicates with companies undergoing the full authorisation process. Read full story

89 debt management firms in limbo over FCA authorisation

A total of 89 commercial debt management firms are still waiting to find out if they will be given full authorisation from the Financial Conduct Authority (FCA). Read full story

Government and councils have “most unfair” debt collection practices

Government departments, local authorities and bailiffs are among the most unfair when it comes to the treatment of people in problem debt, according to a new report from StepChange Debt Charity. Read full story

FCA bans payday lender and director for “lacking integrity”

A payday lender and its owner have been banned after the Financial Conduct Authority (FCA) discovered “reckless” practices across the business. Read full story

Creditors face fee rises when petitioning for individuals' bankruptcies

The Insolvency Service is to introduce fee rises for creditors during personal and corporate insolvencies – as well as a new general fee that applies in all cases. Read full story

Google’s payday loan advert ban: Industry reacts

Trade bodies representing alternative lenders have responded to Google’s policy to ban payday loan adverts from its systems. Read full story

Debt management firm director handed suspended jail sentence

A director of three debt management firms has been sentenced to 15 months in prison, suspended for two years, after being found guilty of fraud by abuse of position. Read full story

Barclays tops FCA league with 280,000 complaints

Barclays was hit by more complaints than any other financial services firm in the second half of 2015, as more than 279,000 customer grievances flooded into the bank. Read full story

Shortlist announced for Credit Awards 2016

The finalists for the 2016 Credit Awards sponsored by TDX Group have been announced, following an extensive shortlisting process across the scheme’s 27 categories. Read full story

1st Credit announces changes to management team

Debt purchaser 1st Credit has announced changes to its management team as it focuses the business for 2016. Read full story

Industry responds amid reports of Money Advice Service closure

A trade association in the debt advice sector has responded to reports that the chancellor is about to scrap the Money Advice Service. Read full story

Debt defaults could leave 4.7 million households in arrears by 2020

Consumer debt defaults will rise by 17 percent during the next five years, leaving 4.7 million households in arrears by 2020, according to a forecast from Arrow Global. Read full story

Individual insolvencies fall to lowest level since 2005

The number of individual insolvencies across the whole of 2015 fell 19 percent to 79,965 – their lowest annual level for a decade. Read full story

Knightsbridge snaps up insolvency cases of debt management firm

Knightsbridge Insolvency Services, part of the Money Advice Group, has acquired all the insolvency cases from Personal Debt Help Line (PDHL) – a Cheadle-based debt management firm. Read full story

Payday lender forced to stump up £1.7m in redress

CashEuroNet, trading as the short-term lenders Quick Quid and Pounds to Pocket, has agreed to provide £1.7m in redress to almost 4,000 customers. Read full story

Charities welcome change to HMRC’s debt recovery powers

Debt advice charities have welcomed a change to the Finance Bill on HMRC’s new power to recover debts directly from personal bank accounts. Read full story

100 loan sharks arrested

Investigators at National Trading Standards (NTS) ensured that 108 loan sharks were arrested in England and Wales during the past year, as teams launched 365 operations. Read full story

Government calls for views to improve council tax debt recovery

The Department for Communities and Local Government (DCLG) is calling for views on how to improve the efficiency of council tax collection. Read full story