Here's an ironic business name: The Trusted Partnership Limited.

It has just been shut down in the High Court in the public interest, along with sister firm Buy My Debt Limited.

A challenge to the bankruptcy of Fermanagh businessman Sean Quinn will be heard at the High Court later.

HM Revenue and Customs has submitted a petition for bankruptcy against a former Aston Villa ace at London’s High Court.

Millions of Britons are likely to take out a high-interest loan in the next six months to last them until payday, a group of insolvency experts claims.

Statistics showing insolvencies in the third quarter of 2011 are published today (4 November) by the Insolvency Service.

A group of MPs have tabled a bill to force fee charging debt management companies to inform potential clients of the availability of free advice on debt management.

A substantial number of fee-charging debt management companies are exploiting vulnerable consumers, according to Citizens Advice.

An investigation showed that between September 2007 and December 2007 Mr Vagharia, 53, of Leire Street, Leicester removed £63,000 in cash from three bank accounts to defraud the Official Receiver. Once a bankruptcy order is made, the bankrupt has a duty not to dispose of their assets other than for day-to-day living expenses.

Accountancy figures show that women now account for 48% of personal insolvencies – the highest proportion since 2007

The Office of Fair Trading (OFT) could stop debt management companies from using Facebook, Twitter and Google to promote their businesses.

Recent personal debt figures reveal that the average household owes some £55,803, including mortgages. At the end of June 2011, total UK personal debt stood at £1,451 billion.

Statistics showing insolvencies in the second quarter of 2011 are published today (5 August) by the Insolvency Service

The Government is committed to making sure that debt advice is accessible to all, including the most vulnerable. It is also committed to improving standards concerning debt management.

Credit Action released figures this month showing the true extent of the UK's personal debt. Data up to May 2011 showed the average household hold debt stands at £55,870 including mortgages. According to the Government's own budget from March 2011, that figure will almost double to £106,486 in 5 years time. Debt management experts are warning that the UK's debt problems are far from over.

A bankruptcy petition against former England footballer Paul Gascoigne has been dismissed at the High Court.

The Insolvency Service has released statistics for Q1 2011.

Borrowers with large credit card debts are being warned that to expect higher interest rates.

DCM Money Solutions, the debt management group that went into administration last month, had a £2.3 million shortfall in its client funds a year before it went under.

Hermes Financial Solutions, trading as debtDr, has ceased trading with immediate effect.

Four businesses targeted consumers with misleading mailings claiming the recipients may have been mis-sold IVAs and have had their licenses revoked, the OFT has announced.

The OFT has shut down 19 unlicensed lead generation websites after vulnerable people were targeted, it announced last week.

From June 1st 2011 the costs associated with bankruptcy will increase.

The UK government has launched the new Money Advice Service to inform people on how to manage their money. The service, which can be used online, in person or by ringing a helpline, aims to give free impartial advice to anybody who needs it, regardless of their financial situation.

A former England football legend has submitted a debt payment schedule in the hope of avoiding financial ruin

Apex Debt Counselling & Management Limited (the Company) – in Administration

New legislature means debtors will be given £10 a month to spend for three years. But critics say this serves only to extend their misery

Former England footballer Paul Gascoigne has avoided the threat of bankruptcy by promising to pay off his tax debts.

Five original members of British reggae band UB40 are facing bankruptcy, according to a U.K. report.

A record number of people were declared insolvent in England and Wales in 2010 as the financial squeeze tightened.

35 debt management firms have been forced to surrender their consumer credit licenses following a compliance review by the Office of Fair Trading (OFT).

The Aston Villa FC goalkeeper Brad Friedel has filed for bankruptcy with debts of over £5 million despite receiving a weekly wage of £40,000.

- The Court of Appeal held that the Child Maintenance and Enforcement Commission was not a creditor capable of being bound by an individual voluntary arrangement in respect of unpaid child support.
- It was a necessary implication in the Insolvency Act 1986 that the creditors entitled to participate in an IVA, and who could be bound by it, are restricted to creditors with the capacity to make compromises of debts and liabilities.

Almost four in ten people (38%) say they struggle financially to make it to ‘payday’, according to R3, the insolvency trade body’s, quarterly tracking research on the nation’s personal finances. This equates to over 18 million individuals across the UK.

Rumours that social network site Facebook is to offer a ‘pay later’ option for buying virtual goods online has prompted a warning from debt experts, who have said that users could end up falling into a debt spiral.