Insolvency Service

BHS customers have been told they won't be able to get refunds for items bought before 22 April and gift cards can only be redeemed if shoppers spend twice the value, following the high street retailer's slide into administration.

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

A High Court judge has blamed banking giant Hbos for the collapse of Christmas sales firm Farepak, which folded six years ago leaving tens of thousands of savers out of pocket.

A record number of people were declared insolvent in England and Wales during 2009 and the figure looks set to continue climbing this year, data shows today.

The number of people declared insolvent in England and Wales hit a new record high during the third quarter of the year, official figures showed today.