Fewer bankruptcies since the beginning of the financial crisis

OLYMPUS DIGITAL CAMERAAccording to recent figures released by RSM Tenon, the number of individuals declaring themselves bankrupt have reduced since the financial crisis. RSM Tenon, a firm of accountants and business consultants, has suggested around 25,000 borrowers resorted to insolvency to resolve their debt problems in the first three months of 2013. Bankruptcies are down by 16% on 2012 and are now at their lowest level since early 2008. Financial experts believe the report is encouraging, as it revealed full bankruptcies fell by ...

SIPPs: 7 problems with buying overseas property in a SIPP

7 problems with buying overseas property in a SIPPBuying a commercial property in a SIPP has long been popular with business owners and property investors alike. However, the past few years has seen an increase in the number of unregulated overseas property schemes being marketed to UK SIPP investors. We’ve seen a diverse range of property investments, from bamboo plantations to car parks in Dubai, land in far flung places of the globe, to hotel rooms in popular holiday resorts. ...