Insolvency Hitting Over-55s Survey shows a quarter of over-55s with debts above £10k are almost certain to declare insolvency, only 10% likelihood among the early-20s 04.05.07 BBC, Consumer Credit, Insolvency

ASA Bans IVA Adverts Advertising Standards Authority has ordered three IVA firms to moderate claims, Accuma, Money Debt and Credit, and W3 Debt Solutions were alleging they could write off 75-80% of their debts 13.04.07 BBC, Advertising, Insolvency, Media Law

Ombudsman Says Bank Code Too Weak Financial Services Ombudsman says Banking Code is 'too weak' in sales of credit cards and loans, few prospects asked about income and checks made in only tiny fraction of cases Guardian Personal insolvencies ran at 300 a day in 2006 05.02.07 Times, Banking Law, Consumer Credit, Insolvency

Record Insolvencies in 2006 Number of insolvencies in 2006 is likely to top 100k for first time, mostly relating personal bankruptcy, fuelled by ease of individual voluntary arrangements (IVC) 02.02.07 BBC, Company Voluntary Arrangements, Insolvency

IVA Sector in Panic Debt management firms are reeling as earnings fall, Debtmatters Group follows Accuma and Debt Free Direct in reporting tough competitive conditions Times Banks are refusing to agree to Individual Voluntary Arrangements, regulators clamping down on advertising 30.01.07 Guardian, Consumer Credit, Debt Collection

Surge in Bankruptcy Among Women Consumer Credit Counselling Service says there has been rapid rise in women facing financial troubles, many refuse bankruptcy as 'sign of failure', IVAs string out repayments, drain equity from home 22.01.07 Daily Mail, Consumer Credit, Insolvency

Bad Loans About to Soar Banks and building societies ready for surge in bad loans through the first quarter, mainly due to ongoing rise in personal insolvencies 08.01.07 Times, Company Voluntary Arrangements, Insolvency

Tis the Season of Insolvency Grant Thornton predict 10k personal insovencies in first quarter of 2007, due to interest rates, utility bills and over-spending, expects total for 2006 over 100k, including 55% rise in IVAs BBC Banks over-lend, but IVAs soften blow 03.01.07 Times, Consumer Credit, Insolvency

Mass IVA Debt Write-Off Record £1.4b in consumer debt written off in 2006 under Individual Voluntary Agreements, personal insolvencies above 100k for first time 02.01.07 BBC, Consumer Credit

Bank Calls for Re-Think on Bankruptcy HSBC CEO Mike Geoghegan has asked govt to consider reform of Enterprise Act, rise in IVAs and personal bankruptcies is pushing bank to restrict credit 06.12.06 Telegraph, Company Voluntary Arrangements, Consumer Credit, Enterprise Act