Archive for May, 2006

A DEBT firm is creating a further 100 jobs on the back of the nation's mounting debt problems.
 Manchester-based firm The Debt Advisor said it needs to bring in more people to cope with the boom in the debt advisory market, caused by the one million people now threatened with bankruptcy.
The company is a specialist in […]

Nationalists have claimed that irresponsible lending has led to a massive increase in repossession decrees handed out by Scottish courts.

Kenny MacAskill said greater powers on the regulation of debt were needed.
The SNP MSP also claimed the forthcoming bankruptcy bill would compound the problem if creditors were able to apply for property rights.
The […]

Here are six ways to avoid becoming bankrupt.
Avoid Bankruptcy Tip #1: Pay bills in full.
Avoid Bankruptcy Tip #2: Pay at least the contractual minimum monthly payment.
Avoid Bankruptcy Tip #3: Negotiate a new monthly payment with your creditors.
Avoid Bankruptcy Tip #4: Go to court and attempt to get administration order.
Avoid Bankruptcy Tip #5: Enter into a […]

An estimated one million people are considering declaring themselves insolvent, as increasing numbers struggle with five-figure debts, research showed today.
One in five people now owe more than £10,000 through credit cards, overdrafts and loans, according to debt consultancy Thomas Charles.
Around 21% of people with debts of this size admit they frequently have problems meeting their […]

The Debt Counsellors warn that people with debt problems should get professional help immediately to safeguard their future and prevent their situation spiralling out of control.The personal debt situation in the UK is serious, with the latest figures from the Insolvency Service showing that, year-on-year, individual insolvency rose by 73.4% and bankruptcy went up by […]

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