Insolvency service to close half of its offices
The Insolvency Service will close half of its offices in England according to plans laid out in an new strategy. The news has not...
Business CCJs in Scotland rise by 52%
Business CCJs in Scotland saw a fifty two per cent (52%) increase in decrees and judgments against them in the first quarter of 2022....
Late payment contributing to Small Business Owners mental health decline
The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners...
Surge in Landlords seeking Rent Arrears Debt Collection
There has been a significant increase in the number of landlords seeking rent arrears debt collection action to recover lost rent, according to eviction...
Sharp rise of Businesses in ‘Financial distress’
Leading Insolvency firm Begbies Traynor has reported a 19% rise in Companies in critical financial distress for the first 3 months of 2022.Research conducted...
Golf Course seized by Bailiffs due to Unpaid Commercial rent Arrears
Problems with Unpaid Commercial Rent Arrears have seen Bailiffs seize a scenic golf course. Bailiffs seized the golf course last week in Portishead, Bristol....
Sporting legend jailed for breaking UK insolvency laws
World famous Tennis legend Boris Becker has been jailed for two years and six months following various breaches of his bankruptcy order. Becker was...
Tennis Ace facing Jail over avoidance of Bankruptcy Debts
Grand Slam champion and well known Tennis ace Boris Becker is facing a possible lengthy prison sentence for insolvency breaches today. He is accused...
Companies struggling with B2B Debt Collection
UK Companies are struggling with their B2B Debt Collection according to recent research. Over sixty one per cent of Businesses have failed to recover...
Insolvency Service continues to target Bounce Back loan abusers
The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and...
Debt Collection quotes and what you should look for
Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes...
Bank tells high street rivals to speed up paying suppliers
Well known UK banking organisation, TSB has called on its high street bank rivals Co-Operative Bank and Metro Bank to speed up supplier payments...
6 Tips for choosing a Debt Collection Agency
If you're running a Business and thinking of choosing a debt collection agency (DCA), it is essential you choose the right solution. As with...
North East England Businesses facing late payment crisis
The scale of the SME late payment crisis facing North Eastern English firms has been highlighted by new reports. Latest figures show that North...
Spike in Debt Recovery action expected
A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses...
New law introduced to solve Covid Commercial Rent arrears
Business Minister Paul Scully has announced the launch of a new law to help resolve remaining commercial rent debts accrued because of the pandemic.The...
Sporting legend sold trophies for £700k to clear debts
Trophies won by tennis sporting legend Boris Becker were auctioned off for £700,000 to pay debts off as part of his bankruptcy a court...
Contractor late payment increases
UK contractor late payment has been increasing since the start of the covid-19 outbreak two years ago.More than two-thirds (65%) of contractors have experienced...
Business Insolvencies doubled in February
Insolvency figures released this week by the Insolvency service for February 2022 showed corporate insolvencies more than doubled compared to the same month last...
Why Business Debt Recovery has a critical role to play
It will come as no shock that the main objective of any business is to make more money than it loses. Staying in the...
