Bankruptcy

All You Need To Know About Bankruptcy

The Huffington Post UK | Asa Bennett | Posted 25.01.2014 | UK

Declaring bankruptcy is a sad event but it happens to many cash-strapped Brits who find themselves unable to pay their debts, including BNP leader Nic...

Has Debt Become the Norm in Britain?

Megan Hughes | Posted 25.01.2014 | UK Universities & Education
Megan Hughes

In a time of economic crisis, it is understandable that many families hit by financial hardships build up sometimes crushing levels of debt. This is often the only option for single-parents or low-earners, particularly those without strong familial ties to their own parents and relatives...

Is Privatisation Really the Answer?

Nash Riggins | Posted 25.01.2014 | UK Universities & Education
Nash Riggins

The Student Loans Company has always been an enigmatic public burden - a costly but necessary evil that allows Britain to foster young talent and train the leaders of tomorrow. In turn, these government-funded loans go on to perpetuate a forward-thinking attitude that willingly takes on the risk of investing in people rather than a plethora of tangible, short-term cash cows. Well, apparently the government has decided investing in people is no longer worth the risk...

Revealed: Ex-Owner Of London's Most Expensive Repossessed Flat

The Huffington Post UK | Posted 11.09.2013 | UK

The owner of the first apartment to be repossessed in London's most expensive property development has been revealed to be a bankrupt Irish property d...

Detroit Bankruptcy: The Decline Of An American Industrial City In Pictures

Huffington Post UK | Sara C Nelson | Posted 19.07.2013 | UK

Once the symbol of American industrial might, Detroit has become the biggest US city to file for bankruptcy. Littered with abandoned factories bui...

The Death Of The High Street?

PA/ The Huffington Post UK | Posted 28.05.2013 | UK

More than one in five of Britain's high street shops could close by 2018 as more customers turn to the internet for their shopping, it has been report...

Dionne Warwick Files For Bankruptcy

The Huffington Post UK | Posted 26.03.2013 | UK Entertainment

Legendary soul singer Dionne Warwick has filed for bankruptcy. The 'Walk On By' star has reportedly found herself with a $1 million (£650,000) tax...

Cyprus Savers Could Be Hit With Up To 25% Levy

The Huffington Post UK | Posted 23.05.2013 | UK

British savers and companies are facing a nervous wait with negotiations over a bailout deal for Cyprus on a knife-edge, with the EU's finance commiss...

Charlie Thomas

Payday Loans Being Used To Pay For Bankruptcy Fees

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

The doubling of the cost to become bankrupt in Scotland in the past six months has seen a surge in the most vulnerable Scots taking out payday loans t...

'We're £600 In The Red Each Month, My Family Could Be Evicted Before Christmas'

The Huffington Post UK | Jessica Elgot | Posted 22.12.2012 | UK

Kevin Murphy, 59, moved to Salisbury to live with his partner after becoming unwell after spending 40 years in the glass trade. Having moved in wi...

It's Expensive Being Poor - The Punitive Nature of Poverty

Sean O'Meara | Posted 26.01.2013 | UK Lifestyle
Sean O'Meara

In 1999, T.V Smith, founder of the pioneering punk band The Adverts, sang "And I pay more for my food 'cause the supermarket's too far... It's expensive being poor because everything costs more." He had a point.

Charlie Thomas

Over Indebted, And Over Here

HuffingtonPost.com | Charlie Thomas | Posted 24.11.2012 | UK

Most readers will be familiar with the practice of British companies domiciling themselves in Ireland to gain from efficient corporation taxation – ...

Revealed: Ex-Corrie Star Beverley Callard Declares Bankruptcy

PA | Posted 15.07.2012 | Home

Former Coronation Street star Beverley Callard has revealed how she was left bankrupt after quitting the soap to spend time with her dying mother. ...

NHS Hospital Trust First In Country To Face Bankruptcy

PA/Huffington Post UK | Posted 25.08.2012 | UK

A hospital trust will be the first in the country to be put under that the control of a special administrator after losing £1 million a week. Sout...

Ex-Corrie Star Bankrupt

WENN | Posted 30.07.2012 | Home

Former Coronation Street star Phil Middlemiss has been declared bankrupt after falling behind with his taxes. The actor, who played Des Barnes in t...

Escaping the Stigma of Personal Debt

Joanne Wright | Posted 30.05.2012 | UK
Joanne Wright

With the economy remaining sluggish, it is no longer a rarity to see news of closed shops, failed businesses and company administrations. But it isn't just businesses receiving final demands for payment - debt in the UK has become personal. It is said that most of us are only one or two pay packets from bankruptcy.

Biker News for February - Sad, Bewildering but With Some Optimism?/MCN London Motorcycle Show Review

Bob Pickett | Posted 08.04.2012 | UK Lifestyle
Bob Pickett

As the snow hits the ground and forces me into more desk-time than usual (the GSX650F is a fine bike, but it is no snow bunny!), I find the time to ru...

Are These The Green Shoots Of Recovery?

PA | Posted 04.04.2012 | UK

Personal insolvencies have dropped to their lowest level since 2008, despite the tough economic conditions, official figures showed today. There we...

How Oil Refineries and Countries Go Bust!

Griselda Kumordzie Togobo | Posted 26.03.2012 | UK
Griselda Kumordzie Togobo

Bankruptcy occurs when a business or country is unable to meet its financial obligations to its creditors. According to reports in the media, this is the case with both Greece and Petroplus.

Not Such A Kodak Moment: Iconic Photo Company Files For Bankruptcy Protection

Huffington Post UK | Sara C Nelson | Posted 19.01.2012 | UK

Kodak, the company which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protectio...

700 UK Jobs At Risk As MF Global Files For Bankruptcy

Huffington Post UK | Peter Guest | Posted 31.12.2011 | UK

The eurozone debt crisis has claimed its first big American victim. Troubled US brokerage firm MF Global has filed for bankruptcy protection after a d...

The Bank of England's Credibility is Hanging by a Thread

Thomas Paterson | Posted 18.12.2011 | UK Politics
Thomas Paterson

So, CPI inflation in the UK has reached a record high of 5.2% since CPI data began, matching the previous record of September 2008. This is now the 22nd month in a row that the Bank of England has missed its target - and not just by a little amount.

Bankrupt - UB40 Members Lose It All

www.bbc.co.uk | Posted 18.12.2011 | UK Entertainment

Four original members of reggae group UB40 have been declared bankrupt. A judge at Birmingham County Court made the ruling against saxophone player...

A Condemnation of Irish Bankruptcy Laws

Sarah McCabe | Posted 04.12.2011 | UK
Sarah McCabe

As the Irish presidential race heats up I have been disappointed to find that not one of the seven candidates has touched upon an issue of crucial imp...