Debt News
Loan traps to avoid
Posted by on 18th May 2010 to Bankruptcy Advice News
There are some major loan traps to avoid for those struggling with personal debts, according to one finance expert.People struggling with debt should think twice before resorting to risky methods of b...
Insolvencies forecast to hit record high
Posted by on 6th May 2010 to Bankruptcy Advice News
Debt management advice could be needed soon as a bankruptcy specialist has claimed that personal insolvencies may have hit a record high in March.The RSM Tenon Tracker said that it is likely there wer...
Repossessions reached 46,000 in 2009
Posted by on 11th February 2010 to Bankruptcy Advice News
The importance of repossession advice has been highlighted by new figures showing that the number of homes being sold by lenders reached 46,000 in 2009.Statistics published by the Council of Mortgage ...
Repossession help: Govt to continue offering mortgage support
Posted by on 11th February 2010 to Bankruptcy Advice News
Those seeking repossession help may be reassured to discover that the government intends to continue supporting those in financial difficulties.John Healey, housing minister, has claimed that this ass...
Repossession advice: Those trying to repay 'should be better protected'
Posted by on 8th February 2010 to Bankruptcy Advice News
The government must roll out measures to help those in need of repossession advice but who are working to try and repay their debt and those who are not, a group has claimed. Al Elliott, co-owner of t...
Group sees rise in bankruptcy and insolvency enquiries
Posted by on 5th February 2010 to Bankruptcy Advice News
There has been a large rise in the number of people who have had to seek insolvency, new figures have shown.Statistics published by the Consumer Credit Counselling Service reveal that 39,663 of those ...
Insolvencies rise 24.9% in Q4 of 2009
Posted by on 5th February 2010 to Bankruptcy Advice News
There has been a rise of 24.9 per cent in the number of individual insolvencies in the fourth quarter of 2009.Figures published by the Insolvency Service showed that 35,574 became insolvent during thi...
Recession 'has led many to seek debt help'
Posted by on 28th January 2010 to Bankruptcy Advice News
Borrowers may have been spurred into seeking debt help by the recession, an expert has claimed. Pierre Williams, head of research at MoneyExpert.com, claimed that the downturn has shocked many people ...
Selling possessions 'symptomatic of debt problems'
Posted by on 25th January 2010 to Bankruptcy Advice News
Those in a situation where they could have to sell their possessions in order to keep their finances afloat are likely to have an underlying debt problem, an expert has claimed.David Rodger, managing ...
Late 2010 'will put most pressure on those with debt problems'
Posted by on 24th December 2009 to Bankruptcy Advice News
Those with debt problems will be facing the worst of their problems during the second half of 2010, an expert has asserted.Martin Bamford, chartered financial planner for Informed Choice, claims that ...
Banks 'to thank for low number of repossessions'
Posted by on 22nd December 2009 to Bankruptcy Advice News
Banks should be applauded for the low number of people who need to seek repossession advice, an organisation has claimed.Andy Pratt, chief operating officer at Alexander Hall, claims that lenders are ...
Fewer people needing repossession advice
Posted by on 17th December 2009 to Bankruptcy Advice News
The number of people in need of repossession advice is falling, which should receive a cautious welcome, an expert has claimed.Russell Hamblin-Boone, head of communications at the Finance and Leasing ...
Repossession advice: SMI helping those in debt
Posted by on 14th December 2009 to Bankruptcy Advice News
Government schemes are helping those experiencing debt problems from facing the risk of repossession, an organisation has asserted.A spokeswoman for the Chartered Institute of Housing has claimed that...
Repossession advice: Good communication reduces possessions
Posted by on 10th December 2009 to Bankruptcy Advice News
Mortgage providers are committed to avoiding confiscating properties except as a last resort, which could interest those seeking repossession advice.Michael Coogan, director general of the Council of ...
Homeowners Mortgage Support scheme extended
Posted by on 9th December 2009 to Bankruptcy Advice News
Those in need of repossession advice are to have the help provided to them by the Homeowners Mortgage Support extended.Communities and Local Government has announced that the scheme will help to suppo...
Many seeking repossession advice 'through no fault of their own'
Posted by on 26th November 2009 to Bankruptcy Advice News
Those struggling with debt problems are usually seeking repossession advice through no fault of their own, an expert has suggested.Michael Coogan, director general of the Council of Mortgage Lenders, ...
Reading residents 'increasingly seeking bankruptcy advice'
Posted by on 24th November 2009 to Bankruptcy Advice News
The number of people seeking bankruptcy advice in Reading has risen by 50 per cent in the last 12 months, new figures show.Paul Ellison, director at accounting firm Tenon Recovery, tells getreading.co...
Expert: Get debt help before filing for bankruptcy
Posted by on 19th November 2009 to Bankruptcy Advice News
People need to seek debt advice before they file a bankruptcy order as its suitability depends on each person's circumstances, an expert has said.A representative for the Consumer Credit Counselling S...
A BBC programme has highlighted the importance of going to a reputable firm for debt management help, rather than seeking the services of a loan shark.
Posted by on 18th November 2009 to Bankruptcy Advice News
Speeding up the bankruptcy process by allowing people to do it online 'makes sense' as it will help those with debt problems more rapidly, an organisation has claimed.The Consumer Credit Counselling S...
Repossession advice 'key for those in financial difficulties'
Posted by on 16th November 2009 to Bankruptcy Advice News
It is crucial for those facing financial difficulties to get repossession advice, an industry expert asserts.Dawn Trigg, chief executive of Burton's Citizens Advice Bureau, tells the Burton Mail that ...
Bankruptcy advice: Online applications could soon be allowed
Posted by on 13th November 2009 to Bankruptcy Advice News
New proposals which could allow those who have received bankruptcy advice to file the paperwork online or through the post have been outlined by the government.The Insolvency Service reports that the ...
Mortgage repossession figure rise 'lower than expected'
Posted by on 13th November 2009 to Bankruptcy Advice News
The number of new mortgage repossessions has not risen by as much as was anticipated, new figures show.Brendan Barber, general secretary of the Trades Union Congress, claims that the government has su...
Expert: Insolvency figures are unbelievably frightening
Posted by on 11th November 2009 to Bankruptcy Advice News
The recent insolvency figures are "unbelievably frightening" as the boom of credit takes its toll on the UK, one expert has said.Nick O'Reilly, insolvency practitioner and director at Vantis...
Personal insolvencies 'have reached 35,243'
Posted by on 9th November 2009 to Bankruptcy Advice News
In July, August and September, a total of 35,243 individuals entered insolvency in England and Wales.New figures published by the Insolvency Service found this was an increase of 28.2 per cent on the ...
Number seeking bankruptcy advice 'could exceed 30,000'
Posted by on 6th November 2009 to Bankruptcy Advice News
The number of people seeking bankruptcy advice is expected to reach over 30,000 when figures are released later today.Alec Pillmoor, head of personal insolvency at Baker Tilly, tells the Guardian that...
Shelter: Repossession rates to soar
Posted by on 4th November 2009 to Bankruptcy Advice News
More people are likely to need debt help advice after a leading Scottish charity predicted the country will see repossession rates soar.Homeless charity Shelter Scotland said that there has been a 20 ...
Coastal town residents 'more likely to need bankruptcy advice'
Posted by on 26th October 2009 to Bankruptcy Advice News
Those living in coastal towns are the most likely to need to bankruptcy advice, new statistics show. Figures published by Wilkins Kennedy, an industry analyst, show that seven of the ten towns and cit...
BPF: More measures needed to protect those needing repossession advice
Posted by on 6th October 2009 to Bankruptcy Advice News
A leading organisation is calling for tenants in properties that are being reclaimed by lenders to be given more time to find alternative accommodation, those looking at repossession advice may be int...
