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Overall personal insolvencies fall slightly as bankruptcies rise
Alec Pillmoor

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.

Young adults most at risk from interest rate rise
Alec Pillmoor

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."

Insolvency Service reports highest levels of personal insolvency in over six years while IVAs reach record high
Alec Pillmoor

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.

RSM further strengthens Hull team with new hire
Andy Capes

06 June 2018

Leading audit, tax and consulting firm RSM has appointed Andy Nalliah as a new director in the personal insolvency practice in Hull.

Personal insolvencies at highest rate since 2012
Alec Pillmoor

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.

Personal insolvencies rise by 9.4 per cent in 2017 as IVAs reach record high
Alec Pillmoor

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.

Personal insolvencies drop but there's trouble ahead warns RSM
Alec Pillmoor

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.

Increase in insolvencies among young people a cause for concern warns RSM
Alec Pillmoor

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.

Rates-rise time bomb awaits new generation of borrowers
Alec Pillmoor

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 Pillmoor

Partner

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.

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