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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Category Archives: Debt Management News
100,000 people sign debt management education petition
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 [...]
People with debt problems targeted on Facebook, OFT warns
The Office of Fair Trading (OFT) has warned that debt collectors may be pursuing people on social networking sites such as Facebook and Twitter.
Numerous complaints have been received by the OFT from people with debt problems, who say they are being chased for what they owe online.
The main concern for the OFT is [...]
Rising rent debt problems reported in West Cheshire
An increasing number of West Cheshire residents have reportedly sought debt help for rent arrears in the last few months.
The West Cheshire Citizens Advice Bureau (CAB) reportedly that over the last three months, nearly 200 people had sought debt advice and help in relation to paying their rent. The average debt was around £900 [...]
4% rise in personal bankruptcy reported in Scotland
New data has revealed that the number of people facing personal bankruptcy in Scotland has risen by as much as 4 per cent in the last year.
The Accountant in Bankruptcy (AiB) published the figures, which showed that in the second quarter of 2011, there were a total of 5,378 personal bankruptcy cases reported. This [...]
Halifax accused of fuelling credit card debt problems
The building society Halifax has been accused of acting irresponsibly in encouraging families to rack up debt problems, after a letter was sent to customers recently advising that they take out cash on their credit cards.
According to the Mail Online, letters were sent by the bank to customers in which they were encouraged to [...]
US students facing debt problems and high unemployment
According to official sources, students and graduates of US universities are currently facing a double whammy of financial and career problems, as their debt problems are mounting and unemployment rises.
The Federal Reserve Bank of New York claims that student debt problems have rocketed in recent years. Since 1999, the total amount owed by students [...]
Two men die in row over debt problems
An investigation has been launched into the deaths of two men in the tiny village of Westbury-sub-Mendip in Somerset in a row over debt problems totalling £40,000.
It is understood that 46-year-old businessman Michael Harper turned up unexpectedly on the doorstep of millionaire Ray Master’s Somerset home and shot him numerous times in front [...]
Risk of debt problems as households spend 67% of income on essentials
New research has revealed that on average, households in Britain are spending as much as 67 per cent of their yearly income on essential living costs. These ‘basics’ include rent and mortgages, utility bills and food.
The stockbroking and advisory firm Oriel Securities produced the research, which also revealed that the amount Brits spend on [...]
Michelin-starred chef faces bankruptcy
A Michelin-starred chef has been forced to close down his hotel business in Aberdeenshire after a row over an unpaid bill apparently pushed him into bankruptcy.
Ian Simpson, the former manager of the Glenkindie Arms Hotel near Alford, is now said to have disappeared over the incident. Before vanishing, he spoke to local newspaper the Aberdeen [...]
Woman jailed for stealing £22k to pay off debt problems
A woman from the Leeds market town of Pudsey has been sentenced to three years in prison after she was caught defrauding elderly people in order to tackle her mounting debt problems.
Janet Parker, 55, was accused in Leeds Crown Court of a number of fraudulent acts, including forging signatures and taking out credit cards [...]