Debt Management Weekly Round Up

It's been another busy week in the field of debt management. Here are some of the leading stories from the last few days.

The government has unveiled plans to make declaring bankruptcy more expensive – balanced out by revised proposals for "quickie" bankruptcies called Debt Relief Orders (DROs) for those with lower levels of debts and very limited assets – due to come into effect in April.

Insolvency practitioners are worried, however, about the risk of fraud associated with the new online procedures.

New figures on personal debt levels for the year were released by Credit Action this week, showing a year on year increase of 0.8 per cent in household indebtedness. The report found that the average family with unsecured debt now owes £18,623.

And Credit Action's bleak picture is confirmed by new figures on the numbers of people being forced to take out second jobs to make ends meet, and a survey showing that millions of people expect to get no pay rise or one that is less than inflation in 2010.

Debt management weekly roundup

11/03/2011

The theme of the news in the realm of debt management this week, seems to be about how people with d ...

Debt management weekly roundup

04/03/2011

The big news in the field of personal finance and debt management this week has been the European Co ...

Debt management weekly roundup

25/02/2011

It appears debt problems could well be made worse by Brits underestimating the cost of life's big ev ...

Debt management weekly roundup

18/02/2011

Debt problems are still rife in the UK in 2011, despite the recession officially ending several mont ...