4 June, 2015
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.
29 May, 2015
New figures from the Registry Trust also highlight that a higher proportion of consumer debt is now in the hands of debt buyers rather than the originating lenders.
26 May, 2015
New figures show that, whilst the proportion of consumer debt issues people come to Citizens Advice with is down 12 per cent since 2011, issues relating relating to day to day costs like rent and household bills are up 8 per cent.
22 May, 2015
The Financial Conduct Authority is warning customers of three debt management firms - Sterling Financial Security Limited, Haydon Associates Debt Management Consultants Limited, and Clear View Finance Limited - to check their debt situation with their creditors and find out exactly what they owe.
22 May, 2015
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
Bankruptcy and Debt Advice (Scotland) Act introduces a suite of measures, including the Minimal Asset Process, which offers debt relief quickly and at less than half the cost of an application for bankruptcy under the previous equivalent scheme for those on low incomes.
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.
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