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 »

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 »

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 »

1 in 1,000 mortgaged homes repossessed in Q2 2009

20 August 2009
According to figures from the Council of Mortgage Lenders (CML), around 1 in 1,000 mortgaged homes were repossessed in the second three-month period of 2009, The Financial Times 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 »

Debt in Scotland: number of insolvencies falls

23 October 2009
Insolvency statistics published by the Accountant in Bankruptcy (AiB) show that the number of Scottish residents declared insolvent in the second quarter of 2009/10 was 8% lower than in the previous quarter and 4% lower than it was in the same period last year.... read more »

Insolvency Service: new moves to speed up bankruptcy

1 December 2009
The Insolvency Service has released a consultation document on Debtor Petition Bankruptcy and Early Discharge from Bankruptcy, as part of a move to simplify and speed up the personal bankruptcy process.... 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 »

How much debt do I need to qualify for an IVA?

7 April 2009
In 2008, the Insolvency Service website shows, around 40,000 people in England and Wales entered into an IVA (Individual Voluntary Arrangement).... read more »

Debt: insolvencies up by almost 25%

8 February 2010
Individual insolvencies were 24.9% higher in the final quarter of 2009 than they were in the same period a year earlier, according to new statistics from the Insolvency Service.... read more »

One million `struggling with debt without seeking help`

9 February 2010
Insolvency experts R3 have claimed that around a million people in the UK are struggling with debt but not seeking help.... read more »

IVA: what does an Insolvency Practitioner do?

8 January 2010
Anyone who enters into an IVA (Individual Voluntary Arrangement) will do so with the assistance of an Insolvency Practitioner, or IP. In short, your IP will help you to make the initial arrangements, as well as carrying out the month-to-month running of the IVA.... 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 »