MORE people than ever before in Wales are choosing to go bankrupt.
Official figures show a 94% increase in the number of people opting for personal insolvency.
In the first quarter of 2005 there were 318 cases of people petitioning for their own bankruptcy, as opposed to being forced into the state by a creditor. This year, […]
Archive for May, 2006
The UK’s largest credit reference agency is warning consumers that choosing sequestration as a way of dealing with debt could have serious consequences and should not be entered into lightly.
The warning from Experian comes as figures from the Institute of Chartered Accountants of Scotland (ICAS) last week showed that nearly three times as many Scots […]
14 May 2006
Personal Bankruptcy Figures Rise
The number of people declaring themselves bankrupt has nearly doubled during the past year, government figures showed today.
The 1st quarter of this 2006 saw the highest number of personal insolvencies ever in the UK, with nearly 24,000 people either declaring themselves bankrupt or taking on an individual voluntary arrangement (IVA) , a court-agreed repayment schedule.
Insolvency Bites But IVA Offers Way Out, Say The Debt Counsellors
Debt help organisation The Debt Counsellors say the IVA, or Individual Voluntary Arrangement, can help those affected by the rising personal insolvency figures in England and Wales.
(PRWEB) May 14, 2006 — The latest personal insolvency statistics make for grim reading but debt help experts The […]
So Mervyn King, governor of the Bank of England, believes spiralling levels of personal debt are becoming a 'potentially large social problem'. Suddenly the number of people going bankrupt and approaching debt charities for help seems to be sinking in. He has also warned homeowners that house prices seem 'remarkably high'.
What has King been doing […]
The first quarter of this year saw the highest number of insolvencies ever in Britain, with nearly 24,000 people either declaring themselves bankrupt or taking on an individual voluntary arrangement (IVA), a court-agreed repayment schedule.
But in the case of bankruptcy it is not only the debtor themself who stands to lose. The partner of a […]
COMPANY WINDING UP AND BANKRUPTCY PETITION STATISTICS FIRST QUARTER 2006
The Department for Constitutional Affairs today publishes statistics forcompany winding up, and creditors' and debtors' bankruptcy petitions issuedin the High Court and county courts of England and Wales during the firstquarter of 2006.
In the first quarter of 2006 the following number of petitions were issued:- […]
INSOLVENCY SERVICE News Release (Ins/Coms/03) issued by The Government NewsNetwork on 12 May 2006
The Secretary of State for Trade and Industry has presented petitions inthe high court to wind up Tan Kwik (UK) Limited and Kwik Jet (UK) Limitedin the public interest.
The companies are Warrington-based and carry on business as franchisors. TanKwik (UK) Limited sells […]
