"Going into the recession, Britain’s consumer debt was the highest in the G7. A Conservative government will promote responsible consumer finance by creating a powerful Consumer Protection Agency (CPA) to take over the Financial Services Authority’s consumer protection role. In addition, we will:
• give the CPA new powers to define and ban excessive borrowing rates on store cards;
• launch Britain’s first free national financial advice service, funded in full through a new social responsibility levy on the financial services sector;
• introduce a seven-day cooling off period for store cards;
• require credit card companies to provide clear information; and,
• ensure that no-one is forced to sell their home to pay unsecured debts of less
The Liberal Democrats do not seem to have dwelt on any insolvency issues. See their manifesto here. The Greens meanwhile use the term bankruptcy in a much wider sense when they note, "The very way we measure economic ‘success’ today shows the bankruptcy of business as usual."