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FSA orders insurance compensation

Date: 30 September 2009, Author: Steven Jackson

The Financial Services Authority (FSA) has told banks and other lenders to compensate customers who may have been mis-sold payment protection insurance.

CVAs become increasingly acceptable to creditors

Date: 30 September 2009, Author: Derek Cooper

The outdoor and leisure clothing retailer Blacks is planning to resolve its financial difficulties by agreeing a Company Voluntary Arrangement (CVA) with its creditors. Yet more evidence that creditors are starting to understand the value of CVAs for restructuring struggling companies.

Resolving directors personal debt problems with Debt Management

Date: 30 September 2009, Author: Derek Cooper

If a company has failed, the Directors may often be left with significant personal debts which they are struggling to repay. Where this is the case, could these problems be resolved by a debt management plan?

Consumer debt on the rise again

Date: 30 September 2009, Author: Steven Jackson

Britain’s level of debt increased again the second quarter of this year, with almost double the level of borrowing compared to the first quarter of 2009.

More September News