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Debt in Swindon `on the rise` New debt management option "a positive step" Consumers `should get advice over IVAs, bankruptcies and DROs` Women `less likely to file for bankruptcy` Councils `filing for bankruptcy for those who fail to pay tax` Consumers lying about finances Rise in bankruptcies revealed Scottish bankruptcies on the rise, new figures suggest Borrowers `accruing more debt before seeking IVAs` Bankruptcies `high in south-west` Landlord bankruptcy enquiries `on the up` Increase in bankruptcy figures for another CAB Bankruptcy "best option" for some households 90% "choosing to `jump before they were pushed`" R3: Bankruptcies and IVAs to rise over next 12 months Insolvencies rise for automotive companies Fuel price hike sparks bankruptcy fears London bankruptcies have "quadrupled" Government department identifies fall in bankruptcy levels Insolvency figures `hide true extent of debt problems`

Serious Crime Bill aims to tackle fraud

31/10/2007

A new law which gives police powers to crack down on serious organised crime will save UK customers millions of pounds, according to a financial expert.

The Serious Crime Bill, which has now been given Royal Assent, will extend the powers of HM Revenue and Customs to tackle tax crime as well as enhance police ability to tackle credit card fraud, which forces many UK consumers to consider bankruptcy.

Also included in the new law are provisions for the merging of the Assets Recovery Agency with the Serious Organised Crime Agency. CIFAS, the UK`s Fraud Prevention Service, has welcomed the new proposals which, it says, will help in the battle against fraud.

Chief executive of CIFAS Peter Hurst said: "This is very good news for all those in fraud prevention and equally bad news for fraudsters. It is well-known that the same fraudsters who steal from the private sector also target the public sector."

CIFAS provides a range of fraud prevention services to the UK`s financial services companies, public authorities and other organisations.

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