Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangementsThousands of people have entered arrangements
Prague City University (PCU) has declared bankruptcy, leaving hundreds of international students unable to complete their degrees and raising questions
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangements
Thousands of people have entered arrangements after running out of money
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show. In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year. The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies, and 6,487…
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.
In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders…
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.
In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies, and 6,487 individual voluntary arrangements (IVAs).
The number of DROs taken out in August 2025 was a record high in the monthly records going back to their introduction in 2009, the…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
Businesses were encouraged to invest in Kent by Locate in Kent
Locate in Kent, which for 25 years has worked to encourage national and international businesses to locate to and invest in the county, has gone into liquidation.
The organisation has encouraged some 1,130 companies to invest in Kent and Medway and supported the creation and retention of 70,165 jobs.
But, just weeks after the announcement of Visit Kent shutting down, Locate in Kent says rising costs and reduced funding has forced the decision to enter voluntary liquidation.
Chairman David Brooks Wilson said: “Since beginning our work to champion this outstanding region, we are proud of the work our team has achieved in helping around 1,130 companies invest here and…
Prague City University (PCU) has declared bankruptcy, leaving hundreds of international students unable to complete their degrees and raising questions about oversight of private English-language institutions in the Czech capital.
PCU’s financial and legal turmoil
Prague City University (PCU), affiliated with Britain’s Teesside University, has shut down after months of financial and operational problems. Students, some from as far away as Sri Lanka and African nations like Uganda, had already reported difficulties contacting supervisors for bachelor’s theses as early as April, according to an investigative report by Seznam Zprávy.
IE Hub has announced a new partnership with National Debtline, a provider of free debt advice. The collaboration is designed to make it simpler for people to access professional support and share their affordability information with creditors.
The new collaboration gives the customer the ability to connect directly with National Debtline from IE Hub and receive tailored professional debt advice. Their information is directly ported from the IE Hub platform into the charity’s systems, reducing the burden for the customer, giving them a better experience without the need to start all over again.
Beth Kennedy, Head of Partnerships at IE Hub, said “We’re thrilled to be working with National Debtline on this new…
Pound falls and bond yields rise after UK borrowing soars
This morning’s UK public finances are going down badly in the City.
The pound has dropped by half a cent this morning, to $1.35. That puts sterling on track for its third daily fall in a row, as it drops back from Tuesday’s two-month high.
Government bonds are under pressure too, as traders react to the news that borrowing is £11bn higher than forecast so far this year.
The yield, or interest rate, on 10-year UK gilts (bonds) is up 4 basis points at 4.7% (up from 4.66% last night).
30-year gilt yields have also risen by 4bps, to 5.54%.
Kathleen Brooks, research director at XTB, says today’s public finance data puts the sustainability of borrowing and the size of UK state into…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
