Unfortunately the planned Simplified Individual Voluntary Arrangement SIVA, due out next year has been abandoned by the Insolvency Service. A simplified version of the IVA, for consumers with debts up to 75000 and that would only …

More here: Is Debt Management the only solution out of this debt problem …

OK, so the old year is behind us and we are now looking down the barrel of a new and adventurous year!   Let us get our financial house in order.
Source: Happy New Financial Year

KPMG is predicting that a whopping 150000 people will either enter into an individual voluntary arrangement or declare themselves bankrupt in 2009. More than £1.1bn was written off in 2008 as a result of individual voluntary …

More here: Insolvencies set to rocket in 2009 - IVA Tootactu Finance

One thing I have written about for years is just the cost to be alive!  The cost of food, shelter, clothing, medical, etc, the basics, what is cost just to wake up each day in a reasonable comfortable surrounding and have meals.
Source: The Cost to Live

Falling into debts is one of the most terrible situations one can face in life. The plight becomes much worse when people are not able to pay back their debts. Normally, people face this problem when they spend more than what they actually earn. Debts are known to cause depression, anxiety and other psychological problems. People undergo [...]

Debt collectors in the UK have been given new powers to collect debts at a time when consumers are facing growing economic tension and uncertainty. Under the new regulations debt collectors would be allowed to force their way into home, restrain residents and seize property in order to pay off credit card bills.
Source: Baliffs Get [...]

I just read in the news that the credit crunch has hit Madonna and Sir Paul McCartney!  You may wonder how, as they both are richer than many small countries, but they both, in addition to a few other big time musicians, Neil Diamond and the Eagles to mention a few, have scrapped their tour [...]

It was announced two weeks ago and began 1/12/08, that there was to be a reduction in the VAT by 2.5%.  This was to stimulate the economy and would add an additional uncounted millions of £’s to the matters at hand.
Source: To Sleep Perchance to Dream of a VAT Reduction

It was announced the other week by Gordon Brown, that the government has put together a £1bn rescue package to help struggling homeowners.  Initial details of the plan were a bit sketchy, with more information forthcoming, but an overview was this:
Source: Homeowners Rescue Plan