Following a Freedom of Information Request, it has been revealed that people living in the Banbridge district of Northern Ireland may be in more urgent need of debt help than previously thought.
The worrying financial situation in Banbridge was revealed after newspaper The Banbridge Leader submitted a Freedom of Information Request.
It was disclosed that [...]
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Monthly Archives: August 2011
New figures reveal mounting debt problems in Banbridge district
Finance boss stole from school to tackle debt problems
A finance chief plagued with debt problems is accused of stealing a total of £120,000 from the school where he worked in order to pay off his credit card bill.
Mark Shepherd, who lives in Horwich, was employed as a business manager at Wentworth High School in Eccles. The main purpose of his employment was [...]
Rother council writes off £250k of residents’ debt problems
According to the Council Debt Table for 2010-2011, Rother District Council (RDC) wrote off more than £300,000 of its residents’ debt problems in the last year.
This puts RDC ninth in the top ten authorities in the Sussex region which have had to draw a line under the court fees, business rates and council tax payments [...]
High income families suffering debt management problems too
Whilst rising living costs and wage freezes may be pushing the budgets of low-income families to the limit, it also seems that higher earners are experiencing debt management problems too.
This is according to new research conducted by global information services company Experian, which reported a 100 per cent increase in the level of borrowing amongst [...]
Report claims 2 year degree courses would ease student debt problems
A new report has claimed that degree courses lasting two years instead of the customary three or four could go a long way to easing student debt problems.
This idea was put forward by the independent think tank CentreForum, which said that new two-year courses would costs students less but without any noticeable drop in the [...]
Student debt problems predicted to double by 2012
According to the Push university guide, student debt problems could double by 2012, as tuition fee rises come into effect.
Push researchers recently conducted a survey, interviewing a total of 2,800 students from around the UK to get a picture of the current and future financial situation for those in full-time higher education. They based their [...]
Company boss facing debt problems after employee theft
The owner of a company in Lancashire has been left facing debt problems of more than £2,500 after an employee stole from him to fund his drug addiction.
Terrance Taylor, 38 from Lostock Hall, was employed at Stuart Moore’s company between September and December 2010. During this time, he was given access to Moore’s bank account [...]
Government move to reduce bankruptcy filings gains support
The recent government proposals to raise the threshold for bankruptcy filing and help people to avoid personal insolvency have been welcomed by trade bodies and debt management experts.
Linda Farish, who is the chairperson of the trade body R3, supports the recommendation, which if approved would see the bankruptcy threshold rise from its current level [...]
Relief for families with debt problems as food price increase slows
One of the main factors that has been stretching household budgets to breaking point recently is the rate at which the cost of everyday goods has been rising. Along with the recent VAT increase, rising inflation has pushed many UK families into debt problems.
However, according to a recent survey conducted by the British Retail Consortium [...]
Fraudster mortgage broker lived ‘lavish lifestyle’ despite bankruptcy
A bankrupt mortgage broker who is facing charges of fleecing customers out of thousands of pounds had a ‘lavish lifestyle’, a court in Cumbria has heard this week.
Nigel Alexander McClements, a 42-year-old mortgage broker from the Cumbrian village of Scaleby, went through bankruptcy proceedings in 2008 after his business Northumbria Mortgages foundered. Despite the fact [...]
Report reveals inappropriate HMRC response to tax debt problems
A report published recently by the Treasury Select Committee has revealed that HM Revenue and Customs (HMRC) used methods to tackle tax debt problems that were “completely inappropriate” in some cases.
The report stated that the wrong people, some of whom didn’t even have debt management problems, were often sent letters threatening to recover debts by [...]