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Static base rate drives elderly to insolvency advice

Static base rate drives elderly to insolvency advice

Personal insolvency advice has become a necessity for many Britons who should be enjoying a happy retirement while living off of the income generated by their life savings. With the base rate at a long-term low of 0.5%, many savers are still receiving little to no...
Company insolvency improvements mean fewer insurance claims

Company insolvency improvements mean fewer insurance claims

While the total trade credit insurance market has grown in value, improvements to the company insolvency rate mean fewer claims have been made in recent months, according to the Association of British Insurers. The ABI reports that nearly 10,600 trade credit insurance...

Company insolvency hits eight-year low

In the quarter from April to June 2015, the company insolvency rate reached an eight-year low, with fewer corporate insolvencies than at any point since Q4 2007, according to new figures from the Insolvency Service. Q2 saw 3,908 company insolvency declarations,...

Advice on bankruptcy can avoid committing offences

Financial difficulties can be hard to bear, but seeking professional advice on bankruptcy can be an important step not only towards regaining your footing, but also in avoiding committing potentially criminal offences. The Insolvency Service has reported on one...

Chronic illness can raise need for advice on bankruptcy

Advice on bankruptcy can be needed for a wide range of different reasons, and chronic illness may be among the hardest to tackle. Health problems can be difficult to overcome when they prevent you from working – and several high-profile cases prove that even...