LONDON (Reuters) The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern about households financial health. Britains economy was the fastest-growing major advanced economy last year, despite initial fears that Junes…
By Reuters Published: 02:18 +11:00, 28 January 2017 | Updated: 02:18 +11:00, 28 January 2017 e-mail LONDON, Jan 27 (Reuters) – The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern…
Official statistics released today (January 27) by The Insolvency Service, which administers the insolvency regime in England and Wales, show that total personal insolvencies reached a total of 90,930 last year. This was a 13 percent rise on 2015. This total comprised 49,745 IVAs, which were up 23 percent year-on-year and returned to the levels…
The taxmans failure to properly pursue the UKs richest people risks undermining confidence in the entire system, according to parliaments spending watchdog. The Guardian reports that the Public Accounts Committee has concluded that Britains super-rich appear to receive preferential treatment from HM Revenue & Customs. The MPs report, released this morning, scrutinised HMRCs specialist unit,…
Insolvency Service statistics show the total number of company insolvencies was higher in 2016 than the previous year, primarily because of 1,796 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules. Taken this into account, the underlying number of company insolvencies was broadly unchanged in 2016 compared with…
A total of 90,930 personal insolvencies were recorded across England and Wales in 2016 The number of people being tipped into insolvency jumped 13% last year amid fears that the “tide has turned” for household finances. Figures from the Insolvency Service show 90,930 personal insolvencies were recorded across England and Wales, rising 13.1% from 2015.…
A total of 90,930 personal insolvencies were recorded across England and Wales in 2016 The number of people being tipped into insolvency jumped 13% last year amid fears that the “tide has turned” for household finances. Figures from the Insolvency Service show 90,930 personal insolvencies were recorded across England and Wales, rising 13.1% from 2015.…
January 27, 2017 by Gemma Strong Gail Porter is declared bankrupt Gail Porter has been declared bankrupt at London’s High Court after being unable to pay her debts. The 45-year-old star has reportedly faced huge stress while struggling to resolve her financial situation, but has eventually ended up in bankruptcy. …
More going bust as personal borrowing surges By Kevin Peachey Personal finance reporter 27 January 2017 From the section Business Image copyright PA The number of people declared insolvent owing to unmanageable debts was 13% higher in 2016 compared with the previous year, official figures show. A total of 90,930 people in England and Wales…
Romanian chemical company Chimcomplex has reportedly submitted an indicative offer to acquire the assets of insolvent local chemical plant Oltchim. Chimcomplex is in expansion mode as it seeks to expand its existing operations as well as placing a bid for Oltchims assets. The investments are in line with the companys plans to reposition Romania on the…