Patricia Kluge, who was once known as “the wealthiest divorcee in history,” has filed for personal bankruptcy according to the New York Post.
The newspaper reported that British-born Kluge, 62, has filed for bankruptcy despite receiving a reported divorce settlement of $1 billion when her marriage to media mogul John Kluge ended in 1990. Also included [...]
-
DEMSA/OFT Approval
We are a member of DEMSA and subscribe to the DEMSA Code of Conduct.
DEMSA is an organisation founded to monitor and maintain high standards in the Debt Management industry. All members of DEMSA are bound by the terms of the Code of Conduct established by DEMSA. Read more...
Category Archives: Blog - Money Mole
World’s richest divorcee Patricia Kluge files for bankruptcy
Worrying debt management problems reported in Worcester
The Consumer Credit Counselling Service (CCCS) has released figures which show that hundreds of people in Worcester are in serious need of debt help, with the average person owing nearly £20,000 in 2010.
The debt problems in Worcester were highlighted after the CCCS came across records showing that a total of 396 people from the city [...]
Former US TV star Larry Wilcox completes debt management course
Larry Wilcox, the former star of US TV show CHiPs, has this week completed a finance and debt management course as part of his bankruptcy agreement.
Wilcox is best known for his starring role on the American television action drama series CHiPs, which ran from September 1977 to June 1983. He played Officer Jon Baker alongside [...]
Neil Morrissey speaks out about debt problems
The British TV actor Neil Morrissey has spoken out to the press this week about the financial pressure he found himself under when his business collapsed. At one point, the former Men Behaving Badly star was believed to have debt problems totalling £2.5 million.
Speaking to the Daily Mirror, Morrissey explained how the hotel and pub [...]
Thurrock Council’s Fair Debt Policy criticised again
Just months after consumer watchdogs criticised debt recovery practices in a number of councils up and down the UK, Thurrock Council’s Fair Debt Policy has been sent back for further scrutiny after it was found to be not up to scratch.
The Essex-based council was forced to defend itself last April after the Thurrock Citizens Advice [...]
Hertfordshire man charged with setting up firms during bankruptcy
A man from Ware in Hertfordshire has narrowly avoided a jail sentence after he was caught setting up firms during his bankruptcy period.
Matthew Gilewicz, 40, was accused of launching a series of business ventures even though he was an undischarged bankrupt. His actions are believed to have cost investors in these ventures more than £100,000.
St [...]
Third of pensioners with £25,000 debts
A new studies has revealed that pensioners have been one of the hardest hit by the financial downturn, as one in three people over 65 head into retirement with average debts of £25,000.
This age group have also seen their household finances hit by lower than expected returns on pensions and investments (as the interest rate [...]
Study reveals students feel positive about debt problems
A study conducted by Ohio State University in America has yielded some surprising results relating to the way young people view their debt problems.
The research was conducted by Rachel Dwyer, who is an assistant professor of sociology at the Columbus-based university, along with colleagues Randy Hodson and Laura McCloud. It looked at the attitudes of [...]
Scottish Power energy price rise to leave many families with debt problems
The announcement that Scottish Power is to raise its energy prices has left many households across the country worrying that they may face debt management problems when winter comes around.
Scottish Power revealed that from August 1st 2011, its electricity charges will be rising by 10 per cent and gas prices will jump by 19 per [...]
Pay gap intensifies debt problems for low earners
A new report published by the Trades Union Congress (TUC) has claimed the stagnation of pay levels for most British people in the last few years has made them more likely to experience debt problems.
The report, entitled ‘Britain’s Livelihood Crisis’, looked at economic growth and the rates of pay for low, median and top earners [...]
Former magistrate faces bankruptcy fighting rape allegations
A former magistrate from Blandford St Mary in Dorset reportedly has severe debt problems and is facing bankruptcy after he was accused of rape, prompting him to spend thousands in legal costs fighting the case.
Tony Hunt, 69, had served as a magistrate in Southampton magistrate’s court for years before his life was turned upside down [...]