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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

Airline insolvency review risks duplication of effort (Budget 2017)

Posted on: 22.11.17
Commenting on the Chancellor’s Budget plan to review airline insolvency arrangements (Budget document, page 50, para 4.38), Adrian Hyde, president of insolvency and... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=31073">Read more</a>

R3's comments on the Bank of England’s interest rate decision

Posted on: 02.11.17
Commenting on the Bank of England's Monetary Policy Committee’s interest rate decision, Mark Sands, chair of insolvency trade body R3’s Personal Finance... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=31051">Read more</a>

Over one-third of British adults with a common credit product would struggle to afford 1% interest rate rise – R3

Posted on: 02.11.17
At least a third of British adults with common credit products – including credit cards, mortgages, and Personal Contract Purchase car loans – would find it... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=31052">Read more</a>

Reform needed as UK insolvency framework slips in World Bank rankings

Posted on: 31.10.17
The UK government needs to kick-start its stalled corporate insolvency reforms in the wake of the UK insolvency framework falling from 13th to 14th in the World... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=31048">Read more</a>

Q3 2017 insolvency statistics - R3's comments

Posted on: 26.10.17
Commenting on the Q3 2017 England & Wales insolvency statistics (published this morning by the Insolvency Service), Adrian Hyde, president of insolvency and... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=30899">Read more</a>



Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

Orders to ban rogue directors increase seven-fold

Posted on: 13.11.17

The Insolvency Service estimates it has prevented losses of £92m for the year 2016/2017 as a result of public interest disqualification orders.

Public interest...

Creditfix to become Scotland&rsquo;s largest trust deeds provider

Posted on: 03.11.17

Creditfix, a personal insolvency practice, has this week (November 2) completed the acquisition of debt solutions provider Carrington Dean.

The sale will see Creditfix...

Corporate insolvencies rise 15 percent

Posted on: 27.10.17

The underlying number of companies entering insolvency increased 15 percent between June and September 2017.

More than 4,150 companies entered insolvency between June 30 and September 30...

IVAs up again as personal insolvencies hit 25,000

Posted on: 27.10.17

A total of 60 percent of personal insolvencies, for the three months to September 30, were individual voluntary arrangements (IVAs).

Personal insolvencies rose 11 percent between...

Director tried to fake his own suicide to avoid disqualification

Posted on: 27.10.17

The Insolvency Service has disqualified a company director for 14 years for dishonest attempts to obtain credit made through a limited company.

Bradley...

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