People who are struggling with their debt problems look set to find it more difficult to relieve their debt management, as the cost of bankruptcy is set to rise by £90. From April 6 the Government-backed Insolvency Service is raising its bankruptcy petition fees, from £360 to £450. There will also be an extra court [...]
bankruptcy
Japan Airlines in one of biggest bankruptcy cases for decades
Marking one of the largest collapses in Japanese corporate history, Japan Airlines have today filed for bankruptcy. The Japanese airline has sought debt advice in an attempt to reverse the company’s ailing fortunes, with debt problems of around 2.3 trillion Yen. Plans of restructuring at this iconic airline mean that up to 15,700 jobs may [...]
Britons with severe debt problems owe over £60,000
A tenth of Britons with severe debt problems owe more than £60,000, excluding mortgage payments, according to latest research. One in ten people facing bankruptcy, were found to have debts over £60,000, showing the full extent of the debt management crisis faced by many financially overstretched households. The report on the Telegraph website also outlined [...]
