MoneySavingExpert News


Record numbers taking out voluntary arrangements to cope with debts

Record numbers of Individual Voluntary Arrangements were taken out last year by people struggling with debt, according to new Government figures

31 January 2020

Bankruptcy threshold increases from £750 to £5,000

People with low levels of debt will now be able to avoid bankruptcy as the threshold's risen from £750 to £5,000

9 October 2015

Bankruptcy threshold to be raised from £750 to £5,000

More financially vulnerable people will be able to avoid the most drastic formal insolvency solution from October

15 January 2015

Bankruptcies down almost 20% during past year

The number of people going bankrupt has fallen to a 15-year low in England and Wales, according to official figures

29 October 2014

New Scottish bankruptcy law 'will cause misery', debt groups say

Debt advice groups protest against plans to make bankrupts in Scotland pay off their debts over four years

16 December 2013

Co-op blocks bankrupts from bank accounts

The Co-op Bank stops offering basic bank accounts to undischarged bankrupts, leaving Barclays as the only provider

17 September 2012

'Bankruptcy light' hits young people

More people aged 25 to 34 are turning to a type of insolvency known as a debt relief order than any other age group

29 December 2011