Debt in Scotland: LILA cases ‘may top 10,000 in first year’

4 February 2009
Last year, the Government introduced legislation allowing Low Income, Low Asset (LILA) borrowers in Scotland to petition for bankruptcy themselves.... read more »

Debt Relief Orders introduced

8 April 2009
This week, on April 6th, a new form of insolvency was introduced - the Debt Relief Order (DRO).... read more »

Unmanageable debt in Scotland rising

6 May 2009
Unmanageable debt in Scotland seems to be rising, according to the latest insolvency figures from the Accountant in Bankruptcy (Scotland`s Insolvency Service).... read more »

Record bankruptcies reveal extent of debt problems

11 May 2009
Insolvency figures for the first three months of 2009 have revealed just how many people have been unable to repay their debts.... read more »

Is an IVA better than bankruptcy?

7 May 2009
Is an IVA better than bankruptcy? The only real answer is `sometimes`, as it depends on the individual in question: not just how much they owe, but a whole range of other factors...... read more »

Can`t afford to live because of debt?

26 May 2009
Being in debt is never an ideal situation - but when your debt repayments cost so much that you simply can`t afford to pay for your day-to-day living expenses, the situation can be a lot more serious.... read more »

Will I lose my home in an IVA?

16 June 2009
If your debts have become unmanageable, an IVA (Individual Voluntary Arrangement) could help you to avoid bankruptcy and repay as much of your debt as you can afford.... read more »

Bankruptcy v IVA - Which is better?

3 November 2008
Bankruptcy v IVA (Individual Voluntary Arrangement) – which is better? As with any debt solution, there’s no actual ‘better’ or ‘worse’. The real question is: Bankruptcy v IVA – which is better for me?... read more »

Bankruptcies in Northern Ireland could hit 1,000

29 July 2009
Over 1,000 people could be declared bankrupt in Northern Ireland this year - which would be the highest figure ever recorded, the BBC reports.... read more »

Debt could lead to a rise in IVAs and bankruptcies

6 August 2009
Official figures published tomorrow are expected to reveal another big rise in insolvencies, The Times reports.... read more »

Debt in Scotland: Glasgow named bankruptcy capital

17 August 2009
According to figures released by the Accountant in Bankruptcy, which administers the process of personal bankruptcy in Scotland, the number of people going bankrupt in Glasgow more than doubled in the first half of 2009, stv.co.uk reports.... read more »

Can an IVA save me from bankruptcy?

18 May 2009
Faced with the prospect of going bankrupt, many people will go to any lengths to find a solution that can `save` them from bankruptcy. This isn`t always the right approach - for some people, bankruptcy could well be the best (or only) solution to their debt problems.... read more »

Getting a bank account during bankruptcy

21 October 2009
Bankruptcy can help you to clear your debts and make a new start - but it is a significant financial event that will affect you for years to come.... read more »

Debt: bankruptcy orders to become available online

13 November 2009
Borrowers facing unmanageable debt problems will soon be able to declare themselves bankrupt online, according to The Guardian, under Government proposals announced today.... read more »

Debt `will` force 100 Scots a day into bankruptcy in 2010

11 January 2010
According to a survey by accountants and business advisers Pannell Kerr Forster (PKF), almost 100 Scots will go bankrupt every working day in 2010, scotsman.com reports.... read more »

IVAs and insolvency in 2010

20 January 2010
Although there have been signs that the economy has started to recover, many people continue to struggle with debt - and it`s likely we`ll see high numbers of insolvencies this year, too.... read more »

Debt: bankruptcies and IVAs up in third quarter of 2008

21 November 2008
The third quarter of 2008 saw 27,087 individual insolvencies in England and Wales – a rise of 8.8% on the previous quarter, the Insolvency Service has revealed.... read more »

What do the latest insolvency stats tell us about IVAs?

19 February 2010
The latest insolvency statistics, compiled by the Insolvency Service, showed the highest levels of insolvency on record. There were 35,574 individual insolvencies in England and Wales in the final quarter of 2009, as borrowers continued to struggle with high levels of debt in the difficult economic climate.... read more »

Is debt management better than bankruptcy?

7 March 2010
Some people automatically think of bankruptcy when it comes to clearing unmanageable debt, but debt management plans and other debt solutions have given borrowers a range of options. But are the alternatives always better than bankruptcy?... read more »

Struggling with debt: debt management plans

9 March 2010
Struggling with debt is never a good situation to be in, and if you find yourself in trouble, you`ll want to find the best way of clearing your debts.... read more »