22 May, 2015
22 May, 2015
Annual review from the Financial Ombudsman Service also reports that 63 per cent of new complaints were about payment protection insurance (PPI) despite the total number of PPI complaints falling by about half.
29 April, 2015
New statistics from the Insolvency Service also show a 5.1 per cent decrease in debt relief orders, and a 23.5 per cent decrease in individual voluntary arrangements over the same period.
22 April, 2015
New Accountant in Bankruptcy figures for fourth quarter of 2014-2015 include that personal insolvencies fell 15.2 per cent from the same period of the previous year.
13 April, 2015
Key pledges include the introduction of a levy on payday lenders.
7 April, 2015
Independent reports on response to freedom of information request revealing that, following abolition of council tax benefit, summonses for non-payment of council tax increased by 30 per cent in local authorities requiring minimum payments, whilst the increase was 9 per cent in local authorities that provided support for the full council tax bill.
1 April, 2015
1 April, 2015
New figures from StepChange also show that debt problems are rising fastest among single parents and under-25s, and an increasing proportion of the charity's clients are in part time work and private rented accommodation.
27 March, 2015
New regulatiosn issued that amend the method for determining an appropriate amount of a living debtor’s income to be paid to a trustee after sequestration of the debtor’s estate provided for in the Common Financial Tool etc. (Scotland) Regulations 2014.
27 March, 2015
Following responses to a previous consultation, the Insolvency Service has drafted a further working draft of new Insolvency Rules which will replace the Insolvency Rules 1986 and all its amendments, and are intended to come into force in April 2016.
27 March, 2015
New Act that includes provision for regulation of insolvency practitioners including a requirement that they should provide services at a cost which is fair and reasonable.
27 March, 2015
New Act that includes provisions relating to authorisation of insolvency practitioners, and improving access to bank accounts for bankrupts.
27 March, 2015
New statutory instrument that increases the minimum level at which a creditor may petition for an individual's bankruptcy in England and Wales from £750 to £5,000.
27 March, 2015
New report - Wales in the Red - also finds that almost a third of Welsh clients were paying more than 25 per cent of their income towards servicing their debts at the time of contacting the charity.
26 March, 2015
New report from The Children's Society finds that many local authorities are failing to provide sufficient support and advice to families struggling with council tax debt by using damaging debt practices, leaving families worrying about potential bailiff visits and court summonses, which has a damaging impact on children's and parents' emotional and physical health.
26 March, 2015
Act of the Scottish Parliament to extinguish various liabilities arising by virtue of the Abolition of Domestic Rates Etc. (Scotland) Act 1987.
24 March, 2015
New statutory instrument amends amends provisions of the Financial Services and Markets Act 2000 including the definition of 'domestic premises supplier' - a category of suppliers which require authorisation under the Act in order to carry out certain activities relating to the supply of credit - and also ensures that credit broking in relation to a hire purchase agreement is a 'relevant credit activity', which is relevant to determine which threshold conditions the suppliers have to satisfy for authorisation.
23 March, 2015
'Review has found that our work on debt advice has been largely successful and has made a positive difference for consumers, notes MAS Chief Executive.
23 March, 2015
Government welcomes review’s recommendations that MAS should make sure customers continue to receive high quality debt advice while ensuring value for money, and the commitment secured by the review from the energy and water sectors to each contribute £1 million to MAS-funded debt advice in the next financial year.
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