30 October 2018
While overall personal insolvencies fell in the quarter to 30 September 2018 by 2.5 per cent compared to the same period in 2017, the rise in creditor-petitioned bankruptcies suggests that creditors are getting tougher on problem debtors.
01 August 2018
Alec Pillmoor, personal insolvency partner at RSM comments ahead of a possible interest rate rise. "We know that any rate rise is likely to be limited, but that doesn't mean that it won't be felt – particularly by indebted young adults."
27 July 2018
The number of people entering a formal personal insolvency process is at its highest quarterly level for over six years, according to new official figures published today.
27 April 2018
The number of people entering personal insolvency is at its highest level for over five years. The figures released by the Insolvency Service today reveal that there were 27,388 individuals entering either bankruptcy, a debt relief order or an individual voluntary arrangement, the highest number since Quarter 3 of 2012.
26 January 2018
The number of people entering into a formal insolvency process rose by 9.4 per cent in 2017, with insolvencies returning to levels last seen in 2014.
28 July 2017
The fall in the number of personal insolvencies reported in today’s Insolvency Service statistics is welcome, but the current low levels are likely to be short-lived warns RSM.
13 July 2017
The latest statistics from the Insolvency Service show that insolvency rates in England and Wales among 18-34 year olds are growing faster than any other age group.
05 July 2017
A combination of revealing attitudes and growing debt statistics show a whole generation who have only ever known cheap debt are facing a repayment time bomb as a period of interest rate rises loom large.
Alec is head of restructuring advisory in the Hull office and is also head of personal insolvency work for the firm. His experience includes dealing with complex bankruptcies and restructuring partnerships using voluntary arrangements for the partnership and the individual partners.