Debtor jailed for hiding assets from trustees
Debtor jailed for hiding property assets from trustees. Sukhi Sanghera appeared at Warwick Crown Court on Thursday 27 October 2022, where he was sentenced...
Small Business late payments hit 2 year high
With the UK economy likely to fall into a recession, small business late payments were made on average 8.2 days later in September. This...
Rogue construction firm shut down due to Business credit scam
A rogue construction firm has been shut down due to an elaborate and deliberate business credit scam. Nobleread Ltd was wound up by the...
Banks advise of rise in unpaid mortgage debt
The boss of Santander UK says the bank is putting aside more money for potential unpaid mortgage debt defaults linked to the cost of...
UK Suppliers refusing orders due to late payments
The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey.
The survey by...
Bailiff attacked with knife whilst trying to collect £10,000 debt
A bailiff who was trying to collect a £10,000 debt at a Hull restaurant was viciously stabbed with a knife in violent scenes that...
Rugby Clubs collapse due to Unpaid Business debts
A second top level Rugby club has collapsed due to unpaid Business Debts. Wasps Rugby club are a famous name in the English Professional...
Late payments costing Small Businesses £684m
New research shows that half of invoices issued by small businesses are paid late.Could stricter penalties and more transparency in regulation and reporting...
UK man being extradited due to unpaid debt in Qatar
A British man is reportedly facing extradition to Qatar over an unpaid debt owing. He is currently being held in middle eastern police cells...
Debt Collection Experts called up as advisers for top TV soap
A leading Debt Collection Agency in the UK has been enlisted by the world's longest running television soap to assist them with script writing...
Company Insolvency rate rises by 72% over past year
Company insolvency rates in the United Kingdom have risen by 72% in the past year. it is reported that 20,000 companies have gone out...
84% of CCJs unsatisfied in England and Wales
In figures released by the Registry Trust earlier this year, data showed that 84% of the County Court Judgements (CCJ) issued were deemed as...
Southern Water turning to Private Debt Collectors
Southern Water is threatening to use debt collection agencies against customers involved in a payment boycott in protest against continuing raw sewage discharges.
The water company, which...
Cost of Bankruptcy and Liquidation petitions to increase
The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from...
Small Businesses in Europe relying on loans due to late payments
SMEs and Small Businesses in Europe are suffering from significant late payment issues. But this is down to lack of understanding of the processes...
Late payments adding to Small Business cash flow worries
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are...
Rise in fraud causing Courts backlog
During the first half of 2022, the value of alleged fraud cases exceeding £100k heard in UK Crown Courts soared by almost 300% compared...
TV production sector sees sharp rise in Business Insolvency
Companies involved in the TV production sector has seen a sharp rise. UK film and TV production company insolvencies have jumped 69% in the...
CVA’s drop 47% after HMRC changes Debt Collection rules
The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is...
Madame Tussauds owners served with winding up petition
The owner of Madame Tussauds and London Dungeons has been slapped with a winding up petition by Experian.Merlin Entertainments, which owns theme parks such...
