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02/02/2007
Record numbers declared insolvent
The number of people being declared insolvent in England and Wales has rose to a record high of more than 107,000 last year, official figures have revealed.
The figures showed that 107,288 people made themselves insolvent last year - a 59% increase on the previous year's figures.
Rising household bills, an increase in the cost of borrowing have been blamed on the increase, as well as the use of individual voluntary arrangements (IVA) instead of the traditional method of declaring bankruptcy.
An IVA allows people to enter into a deal with their creditors in order to pay of some of their debts.
Experts are predicting that the number of people becoming insolvent will continue to rise in 2007.
Earlier this week, the Council of Mortgage Lenders said that there had been a 65% rise in the number of households being repossessed by lenders.
(KMcA)
The figures showed that 107,288 people made themselves insolvent last year - a 59% increase on the previous year's figures.
Rising household bills, an increase in the cost of borrowing have been blamed on the increase, as well as the use of individual voluntary arrangements (IVA) instead of the traditional method of declaring bankruptcy.
An IVA allows people to enter into a deal with their creditors in order to pay of some of their debts.
Experts are predicting that the number of people becoming insolvent will continue to rise in 2007.
Earlier this week, the Council of Mortgage Lenders said that there had been a 65% rise in the number of households being repossessed by lenders.
(KMcA)
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07 May 2004
Personal bankruptcies rise as debt pile grows
The latest DTI figures on personal bankruptcies have revealed a 26.8% jump during the first quarter of this year when compared with 2003. Government statistics for England and Wales showed 10,294 individual bankruptcies in the first three months of 2004, which, although 0.
Personal bankruptcies rise as debt pile grows
The latest DTI figures on personal bankruptcies have revealed a 26.8% jump during the first quarter of this year when compared with 2003. Government statistics for England and Wales showed 10,294 individual bankruptcies in the first three months of 2004, which, although 0.
14 March 2012
Unemployment Rises By 28,000
According to figures from the Office for National Statistics (ONS) UK unemployment rose by 28,000 to 2.67 million during the three months to January. The unemployment rate for January was 8.4%, up from 8.3%. Between 16-24 year olds unemployment rose by 16,000 to 1.042m, a rate of 22.5%.
Unemployment Rises By 28,000
According to figures from the Office for National Statistics (ONS) UK unemployment rose by 28,000 to 2.67 million during the three months to January. The unemployment rate for January was 8.4%, up from 8.3%. Between 16-24 year olds unemployment rose by 16,000 to 1.042m, a rate of 22.5%.
28 May 2012
Number Of Retailers Going Bust Leaps 38% In One Year
The number of retailers going bust jumped 38% to 670 in the first quarter of 2012, up from 486 in Q4 2011, according to research by Wilkins Kennedy LLP, the Top 25 accountancy firm. Anthony Cork, Partner at Wilkins Kennedy, commented: "The double-dip has pulled the retail sector down sharply.
Number Of Retailers Going Bust Leaps 38% In One Year
The number of retailers going bust jumped 38% to 670 in the first quarter of 2012, up from 486 in Q4 2011, according to research by Wilkins Kennedy LLP, the Top 25 accountancy firm. Anthony Cork, Partner at Wilkins Kennedy, commented: "The double-dip has pulled the retail sector down sharply.
18 September 2012
Complaints About Doctor Professionalism Rose 23% In 2011
Complaints about the professional conduct of doctors reached record levels last year, rising by 23%. Figures published on Tuesday by the General Medical Council show the number of complaints rose from 7,153 in 2010, to 8,781 in 2011.
Complaints About Doctor Professionalism Rose 23% In 2011
Complaints about the professional conduct of doctors reached record levels last year, rising by 23%. Figures published on Tuesday by the General Medical Council show the number of complaints rose from 7,153 in 2010, to 8,781 in 2011.
27 May 2004
Swimmers urged to stay safe for Bank Holiday weekend
Swimmers and water sports enthusiasts have been urged to heed safety advice this summer, after provisional figures for 2003 showed that at least 153 people drowned in June, July and August, compared with an average of 135 in the same spell during recent years.
Swimmers urged to stay safe for Bank Holiday weekend
Swimmers and water sports enthusiasts have been urged to heed safety advice this summer, after provisional figures for 2003 showed that at least 153 people drowned in June, July and August, compared with an average of 135 in the same spell during recent years.
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Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
