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Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 12 February 2017 with Clive Bull. It's free to listen to.

On this show, Mike talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country. Below is a list of the topics and timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening.

Topics

Read more: Free podcast now available - LBC Money Hour with Clive Bull - Sunday 8-9pm, 12 February 2017

 

The number of people who became insolvent in England and Wales in 2016 was 90,930, a 13.1% rise on 2015 but still lower than the figure each year from 2006 to 2014 reports The Insolvency Service.

The falling bankruptcy numbers

There were a total 14,989 consumer bankruptcy orders in 2016, compared to 15,797 the year before. This is the lowest numbers since 1990 when there were just 13,987. Whilst some debt advisors believe the high cost to the consumer in England and Wales to go bankrupt is a major factor the introduction of debt relief orders (DROs) in 2009 is likely to have affected the numbers as well as the recent change in the amount the debtor must owe before a creditor can petition as this has now risen from £750 to £5,000.

Note in the table below the numbers going bankrupt in 2009 compared to 2010 - 2016.

The cost to go bankrupt England v Scotland

Read more: Consumer bankruptcy numbers fall to lowest level since 1990 but IVAs increase

 

Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 15 January 2017 with Clive Bull. It's free to listen to.

On this show, Mike talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country. Below is a list of the topics and timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening.

Topics

Read more: Free podcast now available - LBC Money Hour with Clive Bull - Sunday 8-9pm, 15 January 2017

 

Mike spoke with Tim about people know as JAMs, Just About Managing, even with an income up to £70,000 after tax and what they could do to help their circumstances and debt issues, Mike then gave practical ideas on how to reduce that credit card debt and the key points consumers can do before they reach out for that debt advice. Ever wondered how long it would take to clear a credit card debt of £2,400 making minimum monthly payments, Mike reveals all.

How to listen

Read more: BBC Three Counties Radio - JVSShow with Tim Wheeler

 

Living beyond means, relationship breakdowns, and reduced levels of income were the leading causes of bankruptcy in 2015, according to new government statistics.

R3, the insolvency trade body, says the statistics also reveal significant differences between the reasons why men and women enter bankruptcy.

Men - top three causes of bankruptcy 

Read more: The top three reasons revealed why men and women go bankrupt

 

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