INDIVIDUAL INSOLVENCIES
There were 27,087 individual insolvencies in England and Wales in the third quarter of 2008 on a seasonally adjusted basis. This was an increase of 8.8% on the previous quarter and an increase of 4.6% on the same period a year ago. 
This was made up of 17,341 bankruptcies (which were up 12.1% on the [...]

DEBT RELIEF ORDERS
FREQUENTLY ASKED QUESTIONS
 
The following is correct as at March 2008 but note that processes and legislation are currently under development and the details below may change.
 
When will debt relief orders (DROs) be available?
 
It is anticipated that debt relief orders will come into force in April 2009.
 
Who might DROs be suitable for?
 
People with relatively [...]

There were 24,553 individual insolvencies in England and Wales in the second quarter of 2008 on a seasonally adjusted basis. This was a decrease of 2.0% on the previous quarter and a decrease of 8.3% on the same period a year ago. 
This was made up of 15,297 bankruptcies, a decrease of 1.3% on the previous [...]

HBOS has announced to the stockmarket that its profits before tax have fallen 72% in the first six months of the year.
Blame has been out on the credit crunch and the worsening economic climate. HBOS stated that the rise in energy costs coupled with a housing slowdown will mean that things will deteriorate even [...]

New research from the Insolvency Practitioners body R3 has unsurprisingly concluded that the number of consumers expecting to either petition for their own bankruptcy or enter into an IVA, due to the inability to manage their debts to rise significantly in the coming year. This conclusion mirrors what we are finding here at Help With [...]