The former owner of a scaffolding firm in South Tyneside has reportedly filed for bankruptcy after finding himself with debt problems of more than £1.3 million. James Robertson, 44, formerly owned Robertson Scaffolding in Hebburn, but his business has now been dissolved following financial problems and a contractual dispute with South Tyneside Homes. The scaffolding [...]
May, 2011
Former owners of bankrupt camera shop held liable for business debt
A couple from Lerwick in Scotland have spoken out about their struggle with debt problems and bankruptcy after their camera shop closed down and they found themselves personally liable for its business debts. Cecil and Sheila Hughson previously owned The Camera Centre in Lerwick before it shut down last month due to dwindling business and [...]
High school made ‘Centre of Excellence’ for financial education
A high school in the Lancashire town of Chorley has been honoured with a special award in recognition of its innovative financial education programme for students. Southlands High School is now known as a ‘Centre of Excellence’ for financial education, and is the first in the North of England to achieve such an accolade. To [...]
Third of equity release pensioners have £25k debt problems
According to research from equity release specialists, Key Retirement Solutions, nearly one third of all pensioners who have used equity release schemes did so because they were struggling with debt problems of more than £25,000. In a report published by the equity release group recently, it was found that 31 per cent of homeowners who [...]
Kent MP Tracey Crouch admits past debt problems
In a report on the BBC News website, a Kent MP has revealed that she built up debt problems to the tune of £15,000 once she left university. Tracey Crouch, who is the Conservative MP for Chatham and Ayesleford, spoke of her “youthful stupidity” in racking up store card and credit card debt in the [...]
National Lottery fund launched to help poorer people with debt management
The National Lottery have launched a new £30 million fund in order to help poorer families with their financial and debt management. The fund will support the Improving Financial Confidence programme, which will focus on helping people who live in social housing to manage their money better and steer clear of debt problems. Working alongside [...]
Eddie Stobart had £220k debt problems and was facing bankruptcy
It has recently been revealed that the former boss of haulage firm Eddie Stobart, who died of a heart attack last March, left behind personal debt problems totalling around £220,000. Edward Stobart built up the Cumbrian haulage company after taking over from his father and the man who founded the firm in the 1950s, Eddie [...]
PPI refunds may go towards repaying existing debts
The Which? consumer advice website has warned those expecting a refund for mis-sold Payment Protection Insurance (PPI) that they may not receive a cash payment, instead their refunds may go straight towards paying off existing debts with the provider. The banks have finally admitted defeat over the claims that PPI was mis-sold (where customers either [...]
Single mum launches campaign to tackle debt problems and save her home
A single mother from Trentham in Staffordshire has launched an online campaign to help her raise enough money to overcome her debt problems and stop her home being repossessed. Samantha Wilkes, 39, found herself struggling with debt management problems last year after her furniture business, Carnwood Furniture, floundered as a result of the recession. She [...]
Actress Marlee Matlin’s tax debt problems force her to sell home
The US actress and Celebrity Apprentice contestant Marlee Matlin has revealed to People magazine that she is selling her home in order to pay her tax bill. Matlin’s debt management problems arose due to a bill of around $50,000 (£30,845) issued to her by the US Internal Revenue Service (IRS). The bill is for unpaid [...]
