Myvesta UK the Financial Crisis Centre have launched a new service to assist people with claiming back bank and credit card fees.
Thousands of people have been charge hundreds and in some cases thousands of pounds in unfair charges with little recourse. Dealing with large financial institutions is notoriously long winded especially when an individual is […]

After 10 years in the making China is to updat its bankruptcy legislation in June 2007.
This law change should help move the country closer to a market driven economy. But don’t expect any cheering from Chinese workers. Over the weekend Chinese lawmakers approved new rules that were 10 years in the making.
Essentially, in the past, […]

As a neat illustration of the Law of Unintended Consequence, the 2004 Enterprise Act (and the equivalent changes soon to take effect in Scotland) take some beating. These regulations were designed to help entrepreneurs to recover more quickly from the trauma of bankruptcy - bankrupt businessmen could find themselves discharged after just one year, […]

School leavers about to go off to university appear to have mugged up on the bankruptcy laws before they've even arrived on campus. I'm not sure if I sympathise with them or whether I find it rather cheeky!
According to the latest survey of soon-to-be students, the credit reference agency, Equifax, found that 11% of respondents […]

Grace Jones is being sued for wrecking her £1.5million Chelsea apartment and causing more than £16,000 damage.
The enigmatic pop-star turned actress moved into the luxury apartment in Chelsea Crescent, part of the upmarket Chelsea Harobour development which is also home to Robbie Williams, in November 2003 and moved out in February this year.
She […]

The Government has stepped in to help tackle Britain's £1,200bn consumer debt mountain, unveiling plans to fund more free advice and improve consumers' financial knowledge.

The plans, outlined in a cross-Government report Tackling Over-Indebtedness 2006, include a commitment to introduce basic financial skills into the GCSE maths curriculum in England from 2008 and £51m to fund […]

Statistics showing insolvencies in the second quarter 2006 are published today (4 August) by the Insolvency Service.

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1. About this guide
This guide tells you what happens if you are made bankrupt in England and Wales and about some of the alternatives to bankruptcy.
This booklet is for general guidance only. If bankruptcy proceedings are taken against you, or you are thinking of making yourself […]