News archive for September 2015

New rules to tackle disqualified directors

September 29, 2015|By Financial Saviour

Hot on the heels of rogue directors, the Insolvency Service has been quick to reiterate to creditors the new service starting next month that provides compensation when directors are disqualified.

In July, Financial Saviour reported the news that the number of disqualification and banning orders made against company directors in the UK had risen 83% in the 12 months from…

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Mortgage suspensions at record high

September 10, 2015|By Financial Saviour

It’s no surprise that many people struggle with their mortgage payments, but, according to a study published at the end of this summer, a record proportion of these people are now being allowed to cut or suspend these payments.

Accountancy firm Moore Stephens studied data from the Bank of England as part of their investigation into the number of people…

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