Those who have hit the buffers financially may still have options. We explain the difference between a bankruptcy and an IVA The number of personal insolvencies has risen by nearly a fifth in the past ...

However, not every region is in the clear. Figures show that business failures are still increasing in the North East, Scotland and Northern Ireland. If your business fails and you have existing debts ...

Unlike bankruptcy, an IVA shouldn’t affect your ability to trade as it’s basically a private arrangement made as between you and your creditors. That said, some professions still need to be notified ...

Many people get confused between IVA’s and bankruptcy – and that’s perfectly understandable as there are certain similarities between the two. In this article we look at the ways in which IVA’s ...

A record number of people went broke last year as they struggled under the weight of the UK's £1.3 trillion debt mountain. According to the Insolvency Service 107,000 people went bust last year, with ...

TV star Neil Morrissey opted for an individual voluntary agreement while for I'm a Celebrity winner and Eastenders actor Joe Swash declared himself bankrupt. 04 February 2011 • 10:52am Neil Morrissey ...

People struggling with debt are being wrongly led to believe that individual voluntary arrangements (IVAs) are an "easy way out," it was claimed today. Soaring bad debts and personal insolvencies ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rising interest rates have put increasing pressure on borrowers, leading to record numbers of people getting ...

KATIE Hopkins has launched a legal bid to avoid bankruptcy after losing a £130,000 libel case. The former Apprentice and CBB star has entered an individual voluntary arrangement (IVA), according to ...

Personal bankruptcy has soared by 12 per cent in the past three months as the credit crunch hits, according to the Insolvency Service. More than 17,000 people were declared bankrupt in the third ...