Insolvency experts from ICAS and R3 are meeting today to discuss whether the Scottish equivalent of the individual voluntary arrangement, known as the protected trust deed, should work more like its English counterpart.
The discussions are planned due to concerns that changes proposed to protected trust deeds by the Scottish Executive are not in the best [...]

Banking and insurance companies have been causing no end of excitement for investors over the past few weeks.
It is not just that the shares of Lloyds TSB currently offer a dividend yield greater than the interest rate on its own savings accounts. Rumours have been swirling around many of the leading groups that they [...]

The youngest son of the disgraced media tycoon Robert Maxwell has avoided being declared bankrupt for a second time.
Kevin Maxwell who is thought to owe about £3m, reached an agreement with his creditors at Oxford County Court.
The father-of-seven became Britain's biggest bankrupt in 1992 with debts reaching £400m.
Last year he and his [...]

Nearly 70,000 people became insolvent in 2005, the highest since records began, the Department of Trade and Industry (DTI) has said.
There were a record 20,461 insolvencies in England & Wales during the final quarter of 2005, a 57% annual rise.
Experts blame the rise in insolvencies on greater personal debt, slow growth and bankruptcy [...]

The figure was made up of 15,389 bankruptcies, up by 51.2%, and 7,961 Individual Voluntary Arrangements – triple the number recorded in quarter one 2005.
According to the Insolvency Service, the figure was up on 12.5% on the final quarter of last year and is in line with the usual post-Christmas spike when debt worries [...]

 
Research carried out by the organisation last year showed that one in four people were being advised to file for bankruptcy.
 
Although the figures are not like for like they provide some indication that consumers have started to address debt problems.
 
The research showed that one in 10 people were able to meet [...]

Bank of England figures last year showed the amount of personal debt in Britain had broken through the £1 trillion mark, with people encouraged by low interest rates and the easy availability of credit. Much of that debt is mortgage, or secured debt, but a growing proportion is unsecured credit card or [...]

Myvesta UK has added its IVA to Z video series to the Google Video directory. Google video allows internet users to access new media in video format free of charge. The Myvesta IVA video series is a comprehensive collection of video answers that address the most common questions asked about the Individual Voluntary Arrangement (IVA) [...]

Debt Free Direct, which advises overstretched borrowers on how to regain control of their finances, said its market was growing at an annual rate of 140pc.
The company is one of many making sizeable profits by providing Individual Voluntary Arrangements (IVA) , in which borrowers get breathing space to reorganise and repay [...]