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Personal > Personal Bankruptcy

FCA to set spring 2018 as final deadline for PPI complaints

The Financial Conduct Authority (FCA) has proposed a final deadline of spring 2018 for all payment protection insurance (PPI) complaints to be made against firms. Read full story

DAS returns £37m to creditors

A total of £36.8m was returned to creditors through Scotland’s debt arrangement scheme in 2014/2015, according to an annual report on the Accountant in Bankruptcy (AiB). Read full story

Former Premier League star bankrupt

Two insolvency practitioners at Begbies Traynor have been appointed as trustees to the bankruptcy of former Liverpool and Leeds Utd footballer Dominic Matteo. Read full story

Mark Sands appointed trustee to former England player

Mark Sands of Baker Tilly Creditor Services has been appointed trustee in bankruptcy to former England footballer Kerry Dixon, shortly after the ex Chelsea striker was jailed for nine months. Read full story

The rising tide – insolvency rates peak in seaside towns

Personal insolvency rates peaked in seaside resorts, Merseyside and the north east throughout 2014, according to The Insolvency Service. Read full story

Councils step up bankruptcy orders amid “unsustainable” tax debts

More local authorities are being forced to step up bankruptcy actions against individuals, as council tax debts reach an “unsustainable level” of £2.5bn. Read full story

FCA: “Debt management firms still failing UK consumers”

The debt management sector is still failing the UK’s most vulnerable consumers, according to a review published today by the Financial Conduct Authority (FCA). Read full story

Insolvency Service outlines plans for bankruptcy orders

The Insolvency Service has confirmed that when debtors petition for bankruptcy online in future they won’t need sign off from an insolvency practitioner. Read full story

Personal insolvencies plummet to a 10-year low

Individual insolvencies in England and Wales have fallen to their lowest levels since 2005, amid low inflation, unemployment and interest rates. Read full story

FCA finds debt collection failures in every payday lender

The Financial Conduct Authority (FCA) has discovered “serious non-compliance” and unfair debt collection practices in every payday lender that it has reviewed. Read full story

Trustees in bankruptcy can ‘Facebook’ no-shows

Insolvency practitioners can now notify bankrupts of orders made against them by simply posting on their Facebook page, when debtors ignore proceedings. Read full story

MAS to implement peer review system

The Money Advice Service (MAS) is to roll out a peer review scheme to assess the performance of debt advisors in organisations across the UK, and make suggestions for their development. Read full story

Personal insolvencies at nine year low despite IVA increase

Statistics released by the Insolvency Service show there were fewer personal insolvencies in England and Wales in 2014 than in any year since 2005. Read full story

Millwall footballer declared bankrupt

Millwall and Senegal footballer Magaye Gueye has been declared bankrupt. Read full story

Government to review DRO process and bankruptcy threshold

The government has announced a review into the Debt Relief Order (DRO) process, five years after its introduction in England and Wales. Read full story

300,000 “too poor” for bankruptcy

A new think-tank report has found that over 300,000 people in Britain cannot afford to enter bankruptcy. Read full story

Bankrupt jailed for three years

A bankrupt has been given a three year jail sentence for offences including obtaining property by deception, concealing debts and forgery. Read full story

Baker Tilly appointed to Fazer bankruptcy

Trustees from Baker Tilly have been appointed to oversee the bankruptcy of former N-Dubz group member Richard Rawson. Read full story

Baker Tilly takes on bankrupt Osbourne son

Andrew Appleyard and Mark Sands of Baker Tilly have been appointed as joint trustees in bankruptcy for Louis Jon Osbourne, son of rock legend Ozzy Osbourne. Read full story

BNP leader Nick Griffin declared bankrupt

British National Party leader and Member of European Parliament for North West England, Nick Griffin, has been declared bankrupt. Read full story