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20 June, 2012

Insolvency Act 1986 (Disqualification from Parliament) Order 2012

New regulations introduce new Parliamentary disqualification provisions for members subject to bankruptcy proceedings in Northern Ireland that are equivalent to the provisions applying in England and Wales.

12 June, 2012

Rise in council tax arrears

New Consumer Credit Counselling Service report shows a 27 per cent increase in the number of people needing help with council tax arrears despite council tax freeze.

7 June, 2012

Low interest rates helping young homeowners

New figures from Consumer Credit Counselling Service show that fewer homeowners in their twenties are seeking the charity’s help, and the number of homeowners in mortgage arrears has almost halved in two years.

7 June, 2012

Mortgage rescue scheme information

Department for Communities and Local Government publishes leaflet that provides general information on the scheme.

30 May, 2012

Thousands of renters being forced into debt by high rents

Consumer Credit Counselling Service figures show a 27 per cent increase on previous year in number of requests for help from people with rent arrears.

25 May, 2012

Payday lenders agree to improve their codes of practice

Agreement comes as government responds to Department of Business, Innovation and Skills Select Committee’s Report into Debt Management and sets out further actions on payday loans, consumer credit regulation and debt management.

24 May, 2012

One in seven working families with disabled children are going without food

New Contact a Family research shows that families with disabled children are going without essentials and spiralling into debt before the full impact of planned benefit cuts is felt.

23 May, 2012

OFT requires Wonga to ensure improved debt collection practices

Action follows statements made to customers in two types of written communications and in the wording of one call script.

23 May, 2012

Smeaton v Equifax Plc

[2012] EWHC 2322 (QB)

21 May, 2012

Citizens Advice responds to Ministry of Justice transforming bailiff action consultation

Charity welcomes government’s commitment to deal with aggressive bailiffs, however, consultation proposes little or nothing new to help protect people in financial difficulties against aggressive bailiffs.

17 May, 2012

17 May, 2012

Individual insolvencies by region 2000 to 2012

The Insolvency Service publishes statistics for total individual insolvencies, bankruptcy orders, debt relief orders and individual voluntary arrangements in England & Wales by geographical area.

16 May, 2012

Predicted rise in number of people facing serious debt problems

Recent Insolvency Service figures show a 27.2 per cent decrease in bankruptcies, however Debt Relief Orders have increased by 16.3 per cent and Individual Voluntary Arrangements have risen by 8.1 per cent, reports Money Advice Trust.

14 May, 2012

Money Advice Trust response to MoJ Transforming bailiff action consultation paper

Charity would like to see a statutory body responsible for regulating activities of all bailiffs as regulation should be independent and impartial.

11 May, 2012

DWP seeks views on expansion of credit unions

Informal request, following yesterday's report, as part of ongoing dialogue with the credit union sector and those interested in its development.

10 May, 2012

DWP Credit Union Expansion Project

New report considers how credit unions could serve one million more people as an alternative to high cost lenders and loan sharks.

10 May, 2012

Number of repossessions unchanged from same quarter last year

Council of Mortgage Lenders report also shows a fall in number of mortgages in arrears.

4 May, 2012

Fall in insolvency numbers ‘driven solely by drop in bankruptcies’, according to Money Advice Trust

Chief Executive says that many people can't afford the £700 it costs to go bankrupt, leaving them 'in a financial black hole'.

3 May, 2012

Treasury sub-Committee publishes terms of reference for inquiry into Money Advice Service

Written evidence, on questions including whether the service is meeting its objectives, to be submitted by 1 June 2012.