It has now been confirmed that more than 100,000 people have signed an e-petition which calls for education on financial issues to be mandatory in schools.
The petition, which was launched by MoneySavingExpert’s Martin Lewis and supported by the consumer campaigning charity Which?, aimed to force the government to make financial education in schools compulsory. Those [...]
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Monthly Archives: November 2011
100,000 people sign debt management education petition
Fermanagh businessman declares bankruptcy
A businessman who was at one time believed to be Ireland’s richest man has declared bankruptcy after racking up debt problems of £2.4 billion.
Sean Quinn, 64, was the head of a manufacturing and insurance business empire before he was declared bankrupt. At the peak of his career, the businessman was believed to have been [...]
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 [...]
Housing debt problems worsen in Coventry
According to the Coventry Law Centre (CLC), the number of people seeking debt help for housing-related problems in the city has increased in the last year.
The CLC said that the number of people it had helped with rental and mortgage repossession court cases in the first six months of 2011 was 165 per cent [...]
NFL star Mark Brunell files for bankruptcy
The National Football League (NFL) player Mark Brunell has reportedly filed for bankruptcy after racking up debt problems totalling $24.8 million.
Brunell, who formerly played for the Jacksonville Jaguars and is now a quarterback for the New York Jets, revealed that he filed for bankruptcy back in June. Despite earning around $50 million in his career [...]
Staffordshire businessman in court for breaching bankruptcy terms
A businessman from Linton, near Burton-upon-Trent, has appeared in court accused of breaching the terms of his bankruptcy agreement.
Danny Ryan, 44, was made bankrupt in Burton County Court back in August 2007 and he was also banned from acting as a company director for a total of eight years. Despite this ban, the Department [...]
Footballer Andy Carroll’s former agent faces bankruptcy
The former agent of Premier League star Andy Carroll is reportedly facing bankruptcy after he failed to secure a commission for the striker’s £35 million move to Liverpool.
Peter Harrison was seeking a cut from the deal in order to deal with his debt problems, which total nearly £2 million. The North agent reportedly told his [...]
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 [...]
Stranraer named bankruptcy capital of Scotland
An MP has named Stranraer the bankruptcy capital of Scotland, after figures were released showing that the region has one of the highest rates of bankruptcy per 10,000 residents in the country.
The figures showed that 49 of the 10,000 residents covered by Stranraer’s Sheriff Court were declared bankrupt in the period 2009 – 2010. This [...]
Owner of fire-ravaged garage faces bankruptcy
The owner of an MOT centre in Rhyl which was nearly completely destroyed by fire has been left facing bankruptcy due to a row over planning permission.
Terry Ledden, the owner of the family-run garage in Ffordd Las, is not able to rebuild his fire-damaged business until the council grants him planning permission.
Rhyl Town [...]