Bank's Misery As Mortgage Arrears Take Its Toll
£10 million package for struggling home owners, but is it too little too late?

14th May 2008

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HAS THE CREDIT CRUNCH FORCED YOU TO DIVERSIFY YET?
Leading debt management provider, EuroDebt and Debt Management Today aim to track the impact of the credit crunch on the consumer finance market.

Bank's Misery As Mortgage Arrears Take Its Toll
Tuesday 13th May 2008
Alliance and Leicester the UK’s 7th largest bank is the latest big player to announce a...

£10 million package for struggling home owners, but is it too little too late?
Tuesday 13th May 2008
On Friday the 9th of May...

'Expect high repossessions' in the buy-to-let market
Tuesday 13th May 2008
An industry figure has claimed that...

10 per cent increase in the take-up of debt-collection plans
Tuesday 13th May 2008
Figures from the debt collection industry...

'Debt depression' warning
Monday 12th May 2008
A new study has revealed that...

Bankruptcy – is it really the easiest option?

Melanie Giles, Insolvency Practitioner and expert panellist on the Debt Management Today forum. With the number of personal insolvencies continuing to rise at a rapid rate, a flat housing marketplace coupled with an inaccessibility to mortgage and other secured lending in the sub-prime industry, current predictions within the insolvency profession indicate that consumer failures could double by the end of the next financial year, leaving professionals within the industry wondering which debt solution is likely to be most favoured by their clients who find themselves in financial difficulty. Bankruptcy laws were originally introduced in the sixteenth century by Henry Vlll, at which time ordinary citizens who were not traders were actually imprisoned until someone could bale them out and repay their debts. This, of course, was actually quite rare, given that credit in those days was largely extended to the upper classes who generally had assets to cover their debts. Over the years there have been many changes to bankruptcy laws – giving discharge from debts remaining after the debtor’s assets were sold,...

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Debt Management Today is checked for accuracy, however we are not liable for any incorrect information used. We strongly suggest you make enquiries based upon your own requirements and needs and take professional advice before entering into any transactions. Debt Management Today is not affiliated or part of Pentagon (UK) Ltd and is not responsible for any financial transaction or the outcome of any client referral. Debt Management Today is infact an...

DMTSurvey

HAS THE CREDIT CRUNCH FORCED YOU TO DIVERSIFY YET? Leading debt management provider, EuroDebt and Debt Management Today aim to track the impact of the credit crunch on the consumer finance market. How are these conditions affecting broker and intermediary business? Are you already looking at diversification? We would therefore be grateful if you could complete a short survey. A Nintendo Wii Console + Wii Sports will be awarded to the...

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Kevin Still

Kevin Still - Personal Profile Kevin graduated with a Joint Honours in Mathematics & Computer Science. Kevin’s 23-year career has developed from IT to directing and...

Andrew Sharp

Anthony Sharp runs his own consultancy business - Anthony Sharp Associates. The company formed in 1999 specialises in training, compliance issues, liaison consultancy and general...

Rita Walsh

Rita Walsh - Personal Profile Rita Walsh has worked in the financial services industry for over 15 years. She started as a packager for Bear...