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One In Five May Benefit From Personal Insolvency Advice

One In Five May Benefit From Personal Insolvency Advice

Up to a fifth of individuals might benefit from personal insolvency advice, as research reveals that is the proportion of UK adults who run into several financial problems in their household budgets. According to R3, the Association of Business Recovery Professionals,...

Insolvency Advice Can Help Domestic Abuse Victims Regain Power

In some cases of domestic abuse, there is a financial element – for example, forcing a partner to take on unmanageable debts that could leave them in need of personal insolvency advice further down the line. Obviously this type of coercion is unacceptable, and...

Store cards still a driving force behind personal insolvency advice

There are plenty of reasons why personal insolvency advice might be needed, from redundancy to unmanageable bills and mortgage payments, to excessive use of credit. On this last point, recent years have seen improvements on the use of high-interest forms of credit,...

Personal insolvency rates could rise if poverty is marginalised

Without a continued focus on lifting families out of poverty, debt levels could increase, leading to a rise in personal insolvency for households with children to support. The Child Poverty Action Group has called on the government to continue its efforts to reduce...

EU mortgage proposals could help avert individual insolvency

Individual insolvency levels across the EU could drop in the years to come as new proposals are adopted to determine the basic terms on which a mortgage should be offered. A mortgage is the single largest debt most people will ever take on board, and defaulting on...

Advice on bankruptcy for PPI mis-selling claimants

The Insolvency Service has issued advice on bankruptcy for individuals who believe they were mis-sold payment protection insurance (PPI). PPI is intended to protect people against the financial fallout of redundancy, critical illness or other unpredictable...