Industry News | Page 42 of 42 | Debt Advice Foundation

TV’s Secret Millionaire Goes Into An IVA

Chek Whyte, who appeared on Channel 4’s Secret Millionaire has succeeded in striking a deal with creditors that could save him from bankruptcy. His creditors yesterday voted for a new Individual Voluntary Arrangement (IVA) that pledges Mr Whyte will pay back debts owed over a period of time. The property developer, whose businesses have debts […]

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Councils Urged To Partner Debt Charities In Wake Of Ombudsman Criticism

Local authorities can avoid heavy-handed treatment of Council Tax arrears – criticised by the Local Government Ombudsman this week – by partnering with recognised debt advice services to help deal with the underlying problem. UK registered charity The Debt Advice Foundation issued its advice following two announcements from the Ombudsman this week, in which Newham […]

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Government To Consider Tighter Debt Management Regulation

The Ministry of Justice has launched a consultation process on the regulation of debt management companies. The consultation paper will explore whether regulated schemes should be introduced, how they would work and whether tighter non-statutory regulation of current schemes would be more appropriate. Debt Advice Foundation welcomes the move, which combines two of the charity’s […]

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Numbers Seeking Debt Advice Soars

New figures show Citizens Advice Bureaux in England and Wales dealing with 9,300 requests for debt advice every working day. This is a 27% increase in the three months to the end of June 2009 compared with the same period last year.

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British Actor Neil Morrissey Enters an IVA

Actor Neil Morrissey has entered an IVA after admitting to having debts totaling £2.5m. Neil’s portfolio of property and commercial enterprises failed to perform, leaving him insolvent and facing bankruptcy. But Morrissey said “Bankruptcy’s the easy way out. I decided no, I’d step up to the plate, try to do the right thing and get […]

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Misleading Debt Firms Shut Down

One hundred companies offering to write off debts or secure personal injury compensation have been shut down by the Ministry of Justice in the last two years. The Ministry of Justice said a number of firms had been guilty of misleading advertising, claiming that credit card debt could be written off within six weeks or […]

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Chorley School Girls Launch Educational Debt Book

A groundbreaking initiative launched by Debt Advice Foundation and Southlands High School, has resulted in two Southlands pupils, Ruth Gratton age 15 and Nicola Harescough age 16 becoming published authors. The Debt Advice Foundation approached Brian Souter, Deputy Head Teacher of Southlands School, to ask if an educational tool could be developed by pupils to […]

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