Compensation limits for employment claims increase by 4.6%

The maximum limits for redundancy payments and awards for various employment rights cases have risen in line with the annual index-linked formula. The limits are linked to the Retail Prices Index, which rose by 4.6% during the qualifying period from September 2009 to September 2010. The maximum compensation that can be awarded for unfair dismissal

Businesses fear rising debts and falling profits

New research has revealed that businesses are becoming increasingly worried about the twin problems of rising debts and falling profits. Surveys carried out by the insolvency trade body R3 show that one in five businesses (19%) are worried about the amount of debt they owe to their creditors. At the same time, more than 850,000

Widespread welcome for reforms to Debt Relief Orders

Charities and the insolvency industry have welcomed proposals to reform Debt Relief Orders (DRO). Many people struggling with small debts have been unable to take advantage of the DRO scheme because they had pension arrangements, even though those pensions may have been of little value and not available for several years to come. The Government

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