8 January, 2016
8 January, 2016
TUC General Secretary Frances O’Grady said - 'Rising household debt signals that too many people are still struggling to make ends meet. With pay growth slowing, and households facing a lost decade on wages, it’s no surprise that more families are relying on borrowing to meet the costs of day-to-day essentials.'
22 December, 2015
New regulations that, from 18 January 2016, provide for the Law Society of Scotland to cease to be a recognised professional body under section 391 of the Insolvency Act 1986.
15 December, 2015
New statistics include that total insolvency rates were highest in parliamentary constituencies by the coast, and in the South West, North East, Merseyside and parts of Yorkshire and East Midlands.
11 December, 2015
New research from Step Change highlights the number of people working in insecure jobs through a lack of choice, resulting in a ‘new normal’ of insecurity and income shocks that people need help to adjust to.
9 December, 2015
New statutory instrument increases fees payable in applications for bodies to be recognised as insolvency practitioners and the annual fee based on the number of members authorised by that body to act as an insolvency practitioner.
3 December, 2015
26 November, 2015
Threshold to be frozen at £21,000 at April 2016 for all borrowers with post-2012 loans, with ‘upper’ interest threshold of £41,000 also to be frozen to ensure that variable interest rates applied for those earning between £21,000 and £41,000 remain unaltered.
18 November, 2015
New 'financial security' study finds that, of the third of people who said they would borrow money or fall into debt as a result of the loss of income, half would borrow from family or friends, 45 per cent would skip or delay payments on essential bills, 41 per cent would use an overdraft, and 31 per cent would use a credit or store card.
12 November, 2015
New Ministry of Justice statistics for July to September 2015 also show that landlord possession claims down five per cent from same quarter in 2014.
3 November, 2015
Interim report from the Financial Conduct Authority finds that, while credit card companies are active in contacting customers who miss payments and are unprofitable, customers with persistent levels of debt or who make minimum payments are profitable, and firms do not routinely intervene to address this behaviour.
2 November, 2015
Bill aims to capture all of the amendments made to the primary legislation governing bankruptcy in Scotland, the Bankruptcy (Scotland) Act 1985, as well as new laws brought in since, including the Bankruptcy and Debt Advice (Scotland) Act 2014 which came into force in April this year.
29 October, 2015
New Insolvency Service statistics for the third quarter of 2015 also show that the number of bankruptcies and debt relief orders continues to decline.
28 October, 2015
New Accountant in Bankruptcy statistics for second quarter of 205/2016 also show that the total repaid through the Debt Arrangement Scheme continues to increase.
27 October, 2015
Citizens Advice highlights that the company agreed to pay compensation following a review by the Financial Conduct Authority which found that it gave loans to borrowers who in some cases could not afford to repay.
23 October, 2015
New regulations that amend the Insolvency Proceedings (Fees) Order 2004 including increasing the deposit payable on presentation of a petition to the court for the winding up of a company and on presentation to the court of a petition by a creditor for individual bankruptcy.
22 October, 2015
Investigation by the Competition Markets Authority finds that banks do not work hard enough to compete for customers, and recommends that they must address long-term problems and make it easier for customers to take charge of their accounts.
15 October, 2015
New report from Citizens Advice reveals almost half of the adult population – over 23 million people – would have taken money advice at different key moments of their lives if they had been offered it.
12 October, 2015
HM Treasury and Financial Conduct Authority joint consultation seeks views on what can be done to 'radically improve' customers’ access to financial advice.
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