Bankruptcy Advice

UK debt: One person declared bankrupt every minute

UK debt: One person declared bankrupt every minute

New figures from Credit Action have shown the extent of the UK's debt problems.

Insolvencies rise sharply

Insolvencies jump 27.4 per cent

Individual insolvencies soared 27.4 per cent over the last three months as consumers struggled with debt.

Late payments put firms on the edge

British business crunched by bad debt

Two thirds of British businesses are being hit by late payments and are four times as likely to be owed money than French firms.

Bankruptcy petitions have risen over last quarter

Rise in bankruptcy petitions

An 18 per cent rise in creditor's petitions for bankruptcy shows firms are getting tougher on debt, figures from the government suggest.

Money stresses rise

Money, family and health top worries

Half of Britain is worrying about money, family and health.

Fear of finances sees millions of Brits refuse to think about their bank balance

Fear of finances puts millions at risk

Fear of finances sees millions of Brits refuse to think about their bank balance.

Brits are worried wills will pass on debt

Brits fear debt after death

Britons are increasingly worried wills may pass on debts from one generation to the next.

In the first 3 months of 2007 some 30,075 Britons have become insolvent

More than 10,000 a month go bankrupt

In the first three months of the year some 30,075 Britons have become insolvent.

IVAs and bankruptcies are growing

Insolvencies up 44.1%

The last three months of 2006 saw a 44.1 per cent increase in the number of people becoming insolvent.

Northerners are in less debt and happier to talk about it

North-south debt divide

The UK is split down the middle when it comes to debt levels, new research shows.

Most Britons are seriously mistaken when it comes to working out what affects their credit ratings

Brits baffled by credit ratings

The majority of Britons are seriously mistaken when it comes to working out what affects their credit ratings.

Overspending at Christmas is expected to result in thousands of bankruptcies

Christmas spend to make 10,000 bankrupt

Overspending at Christmas is set to land 10,000 Brits so far in debt that they will have to declare themselves bankrupt, research out today reveals.

Christmas shopping pushes millions into debt

Christmas pushes 23m Brits into the red

The majority of Britons are set to become financially stretched this Christmas, Kelkoo reveals.

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Check credit reports for free with Chiltern

People can now check their credit report for free online with Chiltern.

The Tory party plans to educate people out of debt

Tory's plan to teach people to be debt-free

The Conservative party will put financial lessons on the school curriculum in an attempt to halt the UK's spiralling debt mountain.

The government should act to help poor Britons get access to cheap loans

Govt 'must act' on expensive loans

An influential group of MPs has called on the government to do more to tackle expensive lenders and loan sharks.

There are 55.4% more people becoming bankrupt and taking out IVAs than last year

Insolvencies up 55%

The number of people becoming insolvent in England and Wales is a massive 55.4 per cent higher than last year, setting new records.

The number of homes being repossessed as mortgage-holders fail to meet their loan repayments is rising

Repossessions increase as interest rates rise

The number of homes being repossessed as mortgage-holders fail to meet their loan repayments is rising.

One person in five is now struggling to meet their debt payments

Women fare worst as debt crisis spirals

Some 8.4 million Britons have more than £10,000 of unsecured debts, and one person in five is now struggling to meet their debt payments.

Divorcees are in the most debt relative to their incomes

Divorcees in the most debt

Divorcees have a higher debt burden than anyone else, new figures show.

Britons have twice as miuch debt as other Europeans

Brits have double the debt of the rest of Europe

UK consumers have twice the average personal debt of the rest of Western Europe.

90% more Britons in their 20s took out an IVA in the last six months

Britons in their 20s in more debt

Debt problems among Britons aged 20 to 30 have significantly risen, the latest In-Debt Index shows.

Cash is thin on the ground for students this year

Financially 'harder than ever' for students

Students are facing a harder time now than ever before with their finances, experts have warned.

There has been a huge rise in bankruptcies and IVAs

66% more Brits insolvent

There has been a 66.3 per cent leap in the number of people declaring themselves bankrupt and insolvent compared with last year.

More than a million Brits face insolvency

More than a million Brits face insolvency

Some 1.1 million Britons are likely to either declare themselves bankrupt or seek an individual voluntary arrangement (IVA) as problem debts rise.

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