Government Consultation on Bankruptcy and Compulsory Winding Up Flawed

Posted on February 20, 2012 by Malcolm Fillmore

In November 2011, the Government issued a Consultation Document on ‘Reforming the process to apply for bankruptcy and compulsory winding up.’ Most respondents to the Consultation, including the Chief Bankruptcy Registrar himself, declared the proposal fundamentally flawed. The Consultation Document … Continue reading →

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FSA calls halt to ‘declaring bankruptcy’ scam

Posted on February 6, 2012 by Malcolm Fillmore

The FSA has shut down the sale and rent back (SRB) market following a review that identified ‘widespread poor practice’. The FSA appears to have accepted that some of these schemes, attractive to an individual on the verge of declaring bankruptcy, were in fact scams. Continue reading →

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Payday loans. A safety valve or the devil’s work?

Posted on January 24, 2012 by Malcolm Fillmore

Insolvency Practitioner Malcolm Fillmore addresses the issue of ‘payday loans and debt counsellors worries about the increasing rise in repayment problems, due to the rapidly mounting debt caused by large APR rates applied to these loans. Continue reading →

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