Articles, tagged with "insolvency service", page 1
18th January 2012
The Business minister Edward Davey MP has announced proposals – called Reform of the Process to Apply for Bankruptcy - which aim to save time and money when it comes to “simpler” bankruptcy cases.
Davey believes the plans could save taxpayers millions of...
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Author:
Beatmydebt
24th August 2011
The number of people becoming personally insolvent has risen for the first time in a year, official figures show.
The Insolvency Service reported that there were just over 30,500 personal insolvencies in April, May and June, up from 30,162 in the three...
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Author:
Beatmydebt
17th August 2011
Why Didn’t the Insolvency Service Prosecute MG Rover’s Phoenix Four?
The former directors of MG Rover Group (MGRG), who pocketed over £40 million as the company spiralled into administration, should have been punished with lengthy disqualifications for...
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Author:
PJ Murray
07th July 2011
The year 2011 is expected to have the largest number of personal insolvencies the UK has ever seen. Some 140,000 people are thought to be likely to experience insolvency, up from the 135,000 reported in 2010 by the Insolvency Service. The 2011 estimate ...
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Author:
Declan murray
25th May 2011
Copyright (c) 2011 Alison Withers
The numbers of Winding Up Petitions (WUPs) presented to the High Court have been rising significantly in the last couple of months.
A company that has been monitoring the numbers of new petitions being filed, the nu...
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Author:
Ali Withers
09th March 2011
According to new research, one in ten men who plan to retire this year will do so with personal debts of over £50,000.Overall, 1 in 5 retired homeowners are still paying off a mortgage. Research conducted by Scottish Widows UK found that on average, they ...
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Author:
Katie
20th January 2011
Experts have seen that women who try to emulate the popular ‘WAG’ lifestyle by living way beyond their means have been hit harder by recession. These women spend vast amounts of money on credit cards, store cards and even take out personal loans to fund t...
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Author:
John Jefferson
05th January 2011
Managing Your Four Key Risks In a Turnaround - Part 2 Insolvency Risks
As a director or owner manager of a business facing difficulties, it is important to ensure that you manage your personal risks appropriately. The first article in this series cover...
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Author:
Mark Blayney
16th November 2010
Consolidating your credit card debt is in fact 1 of your smartest selection you could ever make and use insolvency service. Charge card consolidation is ideal for any person who is looking to have much better credit history now, and within the future. C...
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Author:
Donny Brady
09th November 2010
Copyright (c) 2010 Alison Withers
As the consequences of the global financial crisis that began in the autumn of 2008 continue, it is reasonable to assume that the numbers of companies in financial difficulties serious enough to precipitate insolvency ...
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Author:
Ali Withers
25th October 2010
Next month, the Insolvency Service will publish its latest figures, revealing how many new insolvency cases began in the third quarter of 2010.
The term 'insolvencies', of course, doesn't just apply to IVAs (Individual Voluntary Arrangements).
It ...
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Author:
Stone
04th August 2010
Directors of businesses that go bust, beware. No one is watching you now, but they will look at what you did later. Paying yourself instead of your creditors is illegal and you will get found out, be expected to repay and be disqualified as a director for...
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Author:
Tim Meadows-Smith
21st May 2010
Winding up is the forced closure of a company, and is a process normally started by one of the company's creditors because outstanding debts have not been paid.
A review will be carried out by the liquidator on the actions of anyone who acted as a dire...
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Author:
Derek Cooper
06th April 2010
If your company is insolvent, before making the decision to stop trading and liquidate consider all of the rescue options available. However if closure is the only way forward, then appointing the right liquidator to protect the interests of the directors...
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Author:
Derek Cooper
26th March 2010
More and more people in the UK are finding that the best way to resolve their debt problems is to declare bankruptcy. Perhaps this is because the process is not as daunting as many might think.
With the number of bankruptcies up 15% in the second quart...
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Author:
BeatMyDebt.com
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