Bankruptcy
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
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