30 July, 2015
29 July, 2015
Insolvency Service statistics for April to June 2015 include that total number of people who became insolvent and the number of bankruptcies, debt relief orders and individual voluntary arrangements all decreased for the fourth consecutive quarter.
27 July, 2015
New report also highlights that pensioners still missing out on £3.7bn of means-tested benefits to which they are entitled.
27 July, 2015
New Office for National Statistics figures also that households in the highest wealth decile are less likely to have a heavy property debt burden (2.4 per cent), compared to 42.1 per cent of households in the lowest wealth decile.
23 July, 2015
[2015] EWCA Civ 751
22 July, 2015
Charity also finds that one in four people with a payday loan could have borrowed from a bank instead.
22 July, 2015
22 July, 2015
New statutory instrument makes changes to ensure that the legislative changes to the regulatory regime for mortgages which were made at the time of the UK’s implementation of Directive 2014/17/EU achieve the policy intent, including to clarify the regulatory status of a small number of existing buy-to-let mortgages regulated under the consumer credit regime.
22 July, 2015
Subject to liaison with Insolvency Rules Committee, ecpected that the rules will be made in Spring 2016, with a commencement date of 1 October 2016.
21 July, 2015
New civil justice statistics, published by Scotland’s Chief Statistician, include that there were 77,300 civil law cases raised in Scotland in the financial year 2013/2014, a decrease of 41 per cent since 2008/2009, largely because the number of debt cases have nearly halved since then.
17 July, 2015
New report from Citizens advice highlights that because guarantors are not regarded as ‘customers’ by regulators, they miss out on basic protections most debtors would receive.
2 July, 2015
Research carried out my accountancy firm Moore Stephens also shows a large increase in local authorities using charging orders.
26 June, 2015
[2015] EWHC 1841 (Ch)
25 June, 2015
New report, published by the Financial Conduct Authority today, finds that vulnerable customers encouraged to purchase products and services which were not suitable and impeded their ability to repay their debts.
18 June, 2015
New report endorses the proposal from the Institute for Public Policy Research for an affordable credit trust to endow and support non profit-making providers of affordable loans for low to middle income families.
12 June, 2015
New evidence shows a steady decline in payday loan problems from April 2014 as new regulations were introduced by the Financial Conduct Authority and the regulator took enforcement action against lenders and, additionally, a further drop after the government introduced the cap on payday loans on 2 January 2015.
4 June, 2015
New report from the Centre for Social Justice finds that household debt has soared by more than £34bn in less than three years, exceeding UK national debt in all but three months.
3 June, 2015
New regulations that amend the Insolvency Rules (Northern Ireland) 1991 to introduce a number of procedures which will make improvements in the administration of insolvencies aimed at providing a better service for both debtors and creditors.
29 May, 2015
New regulations that amend the Debt Arrangement Scheme (Scotland) Regulations 2011 to exclude certain debts related to student loans, and, in specified cases, restores protections from diligence or sequestration after an application for approval of a programme is made but while it has not been approved.
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