According to the price comparison website MoneySupermarket.com, the cost of Christmas this year could leave many families struggling with debt problems for years to come.
There are many things to buy at Christmas, from decorations and presents to festive food and drink, and many families may find their income will not stretch far enough. This [...]
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Monthly Archives: November 2011
Christmas debt problems could last until 2023
Payday loans fuelling UK debt problems
A new survey has shown that payday loans are making consumer debt problems worse in the UK, with up to 41 per cent of people admitting their own financial troubles are a result of payday lending.
The charity Debt Advice Foundation (DAF) conducted the survey, which showed rapid growth in the number of people taking [...]
Debt problems affecting cancer patients
A leading cancer care and support charity has warned that more than two-thirds of cancer patients are experiencing debt problems, at a time when money is the last thing they need to worry about.
A survey of 1,500 patients conducted by YouGov on behalf of Macmillan Cancer Support showed that 66 per cent were facing [...]
Bankrupt UB40 stars had £750,000 in debt problems
Four of the members of the famous reggae group UB40, all of whom went through bankruptcy proceedings recently, have debt problems totalling £750,000.
Drummer Jimmy Brown, saxophonist Brian Travers, percussionist Norman Hassan and trumpet player Terence Oswald were all forced into bankruptcy last month at Birmingham County Court, despite the fact that they sold more than [...]
Personal bankruptcy figures fall but UK businesses are still struggling
New figures released by the Insolvency Service show that the number of personal bankruptcy cases reported in the UK fell slightly in the last few months. However, the data also shows that UK businesses are still struggling to stay afloat.
According to the statistics, the number of personal bankruptcy cases fell by around 300 between [...]
Couple involved in £28k benefits scam due to debt problems
A couple have appeared before a magistrate’s court accused of claiming more than £28,000 in unemployment benefits despite the fact they were working.
Christine and Lee Martin, from Haverhill in Suffolk, blamed their mounting debt problems as the reason why they decided to commit benefit fraud. Both Christine, 33, and Lee, 37, admitted numerous charges [...]
Oldham man caught running a company despite bankruptcy ban
A businessman from Oldham in Greater Manchester has been caught running a firm with his son despite being banned from doing so in a long-standing bankruptcy order.
William Fox, 56, went through bankruptcy proceedings many years ago, in 1994. However, at the time, the Stalybridge businessman failed to provide the official receiver with the required information. [...]
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