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Insolvencies: debtors` petitions rising
On Friday 7th May, the Insolvency Service released its quarterly figures showing how many people had been declared insolvent - i.e. entered bankruptcy, an IVA, a DRO (Debt Relief Order), or a Trust Deed.
The Ministry of Justice (MoJ) has also released its figures, which show - among other things - how many of the bankruptcies were started by debtors and how many by creditors.
Company insolvencies drop off
The number of companies going out of business fall quite sharply at the start of 2010, statistics from the Insolvency Service have revealed.
This time last year, we learned that there had been 4,964 company liquidations in England and Wales in the first three months of 2009.
Latest figures: IVAs up 20%
The latest figures from the Insolvency Service, released this morning, show a considerable year-on-year increase in the number of people entering an IVA.
In the first quarter of 2010, 11,782 people in England and Wales entered an IVA - 20.1% more than the 9,807 who entered an IVA in the first quarter of 2009.
Latest news
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Bank of England releases March debt figures
Yesterday, the Bank of England (BoE) released its `Lending to individuals` figures for March, showing how much extra debt consumers had taken on. The BoE reports the `net lending` ... -
Debt figures for March
The latest figures from the British Bankers` Association (BBA) have now been released, showing us how much debt people took on - and paid off - in March. Gross ... -
New agency to help people `avoid debt spiral`
Getting out of debt can be a struggle - but it`s a struggle that some people will hopefully never have to face if a newly created agency achieves its goals. ...