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10 June, 2014

National Debtline reports 140 per cent rise in calls about household debts since 2007

'The gradual erosion of some families’ surplus income in the face of rising prices has led to a new generation of debt problems – one to which more people are vulnerable, one which is harder to resolve, and one which has no definitive solution', says Joanna Elson, Chief Executive of the Money Advice Trust.

30 May, 2014

14 per cent increase in debt problems cause by HMRC overpayments, say Citizens Advice

'Tax credits are there to make sure people get a decent standard of income, but the sharp rise in debts from overpaid tax credits suggests this policy is having the opposite effect', says Chief Executive Gillian Guy.

30 May, 2014

Complaints to financial ombudsman against credit unions halved in the past year

However, overall complaints have doubled, according to Financial Ombudsman Service's 2013/2014 Annual Review.

23 May, 2014

Poverty, debt and credit: an expert-led review

New report from University of Bristol and Joseph Rowntree Foundation seeks to 'unpick the research evidence to provide an over-view of the extent to which problem debt and consumer credit use cause poverty; and the extent to which poverty results in problem debt and consumer credit use'.

22 May, 2014

Number of individual voluntary arrangements up by 14.3 per cent over last year

New insolvency statistics also show that bankruptcies are down 15 per cent and debt relief orders are down 9.3 per cent over the same period.

21 May, 2014

Quarter of those aged over 65 struggle financially, says Age UK

New research also highlights that £5.5bn of financial help for pensioners goes unclaimed each year.

21 May, 2014

One in ten mortgagors risks unaffordable repayments as interest rates rise

Modelling by Resolution Foundation finds that around 770,000 households are at risk of being 'mortgage prisoners' due to a limited ability to switch to better mortgage deals and at risk of payments being at least one third of disposable income by 2018.

8 May, 2014

Problem debt damaging children and families, say Children’s Society and Stepchange Debt

New report, backed by Archbishop of York, says that 2.5m children live with families who are £4.8bn behind on household bills and loan repayments, leading to anxiety, bullying and going without essentials.

2 May, 2014

New Act of Sederunt issued in consequence of amendments made to insolvency rules in Scotland

New Act amends Chapter 74 of the Rules of the Court of Session 1994 and the Act of Sederunt (Sheriff Court Company Insolvency Rules) 1986 in consequence of the amendments made to the Insolvency (Scotland) Rules 1986 by the Insolvency (Scotland) Amendment Rules 2014.

2 May, 2014

Insolvency (Scotland) Amendment Rules 2014

New regulations that update and amend the Insolvency Rules in relation to receivership and the process of liquidation.

1 May, 2014

Bankruptcy and Debt Advice (Scotland) Act 2014 gets Royal Assent

New legislation designed to 'ensure that appropriate, proportionate, debt management and debt relief mechanisms are available to the people of Scotland which are fit for the 21st Century.'

24 April, 2014

Higher tuition fees for students ‘look like they will do little to reduce taxpayer contribution’

However, new Institute for Fiscal Studies report concludes that government won't know true outcome for decades as it depends on what happens to graduate earnings over that period.

22 April, 2014

£450m levy on high cost lenders would fund 1.5m new affordable loans, says IPPR

New report sets out strategy for ending 'poverty premium' experienced by substantial minority of people whose finances are affected by squeeze in income, tightening of credit and reduction in welfare payments.

17 April, 2014

Citizens Advice calls for a change in laws around logbook loans

Regulators and government have quite rightly put payday lending in the spotlight but it is important other forms of credit are also subject to a strong crack-down and toxic forms of lending aren’t allowed to flourish, says Citizens Advice Chief Executive.

4 April, 2014

Bailiffs to be banned from entering homes at night and from using physical force against debtors

From 6 April 2014, new laws also prevent bailiffs from entering homes when only children are present, and from taking household essentials such as cookers, fridges, or washing machines.

3 April, 2014

HMRC powers to recover debt

New regulations issued that align and modernise HMRC's powers to pursue debt in England and Wales by allowing it to use the procedure set out in Schedule 12 to the Tribunals, Courts and Enforcement Act 2007 to recover sums payable to the Commissioners for HMRC

3 April, 2014

Insolvency (Commencement of Proceedings) and Insolvency Rules 1986 (Amendment) Rules 2014

New regulations that makes rules to identify in which hearing centres of the new single County Court insolvency proceedings may be commenced, and to amend the Insolvency Rules 1986 to take account of the single County Court.

3 April, 2014

London Insolvency District (County Court at Central London) Order 2014

New regulations which set down which hearing centres of the new single County Court are included in the London Insolvency District for the purposes of insolvency jurisdiction.

2 April, 2014

Consumer Protection (Amendment) Regulations 2014

New regulations that, amongst other measures, provide for a right of private redress for misleading or aggressive demands for payment (i.e. unfair debt collection).