Latest news

Household debt: a bit of stability…

24 August 2012

After 16 months of continuous increase, household debt levels finally stabilised during August.

That's according to the Markit Household Finance Index (HFI), a monthly publication that gives us some insight into how well households are doing when it comes to things like spending, saving and debt levels.

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23,000 IVAs so far in 2012

10 August 2012

So far this year, over 23,000 people in England and Wales have entered an IVA (Individual Voluntary Arrangement). That's the official figure from the Insolvency Service .

Of course, it's not an up-to-the-minute figure. The statistics show us how many people entered an IVA in the first two quarters of the year - so between the start of January and the end of June.

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Drop in IVAs; much bigger drop in bankruptcies

20 July 2012

Over the last 12 months, we've seen the number of IVAs (Individual Voluntary Arrangements) in England and Wales fall by 4%, while bankruptcies have fallen by a full 28%.

On the other side of the coin, the number of DROs (Debt Relief Orders) has increased by 13%. Altogether, personal insolvencies have dropped by 7% over the last year.

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Editorial Team