The relaxed bankruptcy regulations that are available in the UK could be
taking their toll on the credit crunch, it was reported in
Current bankruptcy rules state that bankrupts can be discharged within a
year, instead of the previous three, and apply for credit once more.
There have been calls from the National Institute of Economic and Social
Research for international cooperation, in order to crack down on bankruptcy
However, Martin Weale, director of the institute, finds that the relaxed
attitude towards bankruptcy will mean consumers will take excessive risks. ‘This
Government has done its best to make things worse’ he said.
Currently in the USA, bankruptcy and mortgage rules allow debtors to wipe
their debt clean without any penalty.
The insolvency first quarter results which show the amount of Individual
Voluntary Arrangements and Bankruptcy figures are released today.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies