Archive for the ‘Bankruptcy’ Category

TweetSharePeople in Britain have expressed regret at not being more financially responsible, according to a new survey. Findings from Simplyhealth’s Bothered Britain Report have revealed that 36 per cent of respondents are unhappy with how they have managed their money in the past, an issue that is more concerning to them than health issues and [...]

TweetShareThe number of bankrupt people in the UK is set to rise, according to new industry figures. R3′s president Peter Sergeant was quoted by the Sunday Times this week as saying as many as one million people will be technically insolvent by the end of 2009. He claimed that official statistics do not accurately reflect [...]

TweetShareThe number of people filing for bankruptcy has soared over the last year, it has been revealed. According to figures released by the Ministry of Justice, petitions from those with debt problems increased by 29 per cent in the first quarter of 2009, compared to the same period a year earlier. The figure of 16,775 [...]

TweetShareRedundancies are causing significant increases in the number of people seeking bankruptcy advice, it has been stated. Jacqueline Gallagher, manager of Citizens Advice in Derry, told the Sunday Journal that many borrowers have bought items such as cars and houses on credit, but are struggling to repay after losing their jobs. She explained that alternatives [...]

TweetShareThis month sees a new method of coping with debt management being introduced. On April 6th, those struggling to repay outstanding amounts may be able to apply for a debt relief order to help avoid bankruptcy. Consumer body Which? noted that the services are “enshrined in law” and can assist people who are having difficulties [...]

TweetSharePeople worried about the state of their finances and the possibility of bankruptcy may be more susceptible to mental health issues, it has been suggested. Paul Farmer, the chief executive of Mind, pointed to a survey conducted by the charity that revealed 91 per cent of people’s mental health suffered while seeking a debt solution. [...]