Policy & Research
Personal Insolvency


R3 is the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals. We represent insolvency practitioners, lawyers, turnaround and restructuring experts, students, and others in the profession.

R3 event: How should the next government solve the personal debt crisis?

R3 co-hosted a high-level political debate with senior politicians from the three major political parties on one of the biggest public policy debates of the day: solving the personal debt crisis. 

R3 event Jan 2015 How should the next government solve the debt crisis - Size: 392Kb Download
Personal Insolvency Landscape - A bankruptcy update

A successful personal insolvency regime must strike the right balance: on the one hand, it should allow people to get back on their own two feet by relieving their indebtedness, whilst on the other hand, it should seek to return to creditors what is owed to them.

R3 Personal Insolvency Landscape D2 - Size: 603Kb Download
Personal Insolvency Landscape

In England and Wales, the debate about the rising cost of living and the pressures facing those living at the edge of their means has already been well documented. However little attention is given to what happens to those people once they go beyond that edge.

R3 Personal Insolvency Landscape - Jan 2014 - Size: 766Kb Download
Redressing the balance - strengthening bankruptcy and recognising prior behaviour

When evaluating the bankruptcy process, one of the central issues to be considered is how successfully it balances the competing interests of debtors and their creditors.

Redressing the balance - Size: 1601Kb Download

Over recent years there has been a dramatic increase in the number of people struggling with their debts. As a consequence, there has been a personal insolvency explosion, with the number of formal insolvencies increasing by almost 300% since 2002. When an individual is struggling with their debts, there are a variety of options available to them, depending on their circumstances. Bankruptcy is just one debt solution, designed to free people from their debts after a period of time. In 2012, there were over 30,000 bankruptcies in England and Wales. 

R3 Bankruptcy Paper Feb 13 FINAL - Size: 1804Kb Download
Anthony WaltersAnthony Walters
Head of External Affairs
020 7566 4220
Stuart McBrideStuart McBride
Senior Communications Manager
020 7566 4214
Pim UngphakornPim Ungphakorn
Public Affairs Manager
020 7566 4202
Amelia FranklinAmelia Franklin
Campaigns and Communications Executive
0207 566 4203
Thomas ChiversThomas Chivers
Public Affairs & Policy Officer
0207 566 4227

R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.