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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

HMRC rated worst for debt collection practices

HMRC has been rated as the worst organisation for debt collection in a league table of best practice published by Citizens Advice. Read full story

Debt advice firm director banned

A debt management company boss has been disqualified as a director for 11 years, after he mislead customers and declared a £330,000 dividend to shareholders amid a torrent of complaints. 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

Individual insolvencies notch up in Q3

The number of individual insolvencies increased nearly three percent in the third quarter to more than 19,000, according to the latest official figures. 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

FCA sets out PPI rule changes in light of Plevin

Financial firms facing payment protection insurance (PPI) complaints should presume that if they failed to disclose charging commission of 50 percent or more, the contract is “unfair”, according to new proposals. Read full story

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

Forbearance for struggling home owners hits record level

A record proportion of people struggling to pay their mortgages are being allowed to suspend or cut their payments, according to a study published today. Read full story

DEMSA announces merger with debt advice body

The Debt Managers Standards Association (DEMSA), a trade body for debt management and IVA firms, has today announced a merger with another trade association. Read full story

Advice projects on track to help 370,000 debtors

Debt advice organisations helped more than 91,300 people with money problems during the second quarter of 2015, according to the Money Advice Service (MAS). Read full story

Revealed: The finalists of the 2015 I&R Awards

Insolvencynews can today reveal the full shortlist for the 2015 I&R Awards, sponsored by Capa, as the scheme returns for its eighth year. Read full story

Payday lender to provide £20m in redress

Payday lender Cash Genie will provide £20m in redress to more than 92,000 customers, after the regulator discovered failures in its debt collection and communication practices. 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

FCA appoints director of supervision for authorisations

The Financial Conduct Authority (FCA) has announced the appointment of Jonathan Davidson as its new director of supervision – retail and authorisations. 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