Tenant Eviction to be suspended over Christmas period
An announcement is expected to be made advising that Tenant Evictions will be suspended over the Christmas period.It is understood a 'christmas truce' will...
HMRC facing pressure to improve Debt Collection
In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll,...
Micro Businesses hit by 60% hike in Late Payments
New research has revealed late payments are continuing to have a significant impact on UK small businesses – with the smallest businesses being some of...
What happens to a Business Debt when a Company gets struck...
If a Limited Company has debts they cannot afford or want to avoid paying, they sometimes go down the route of getting the company...
Failed Private School was owed £51k in Unpaid School Fees
Administrators for a failed Private School in Derbyshire have revealed that they were owed £51,536 by debtors for unpaid school fees at the time...
Landlord Tenant Evictions rise by 207%
The latest statistics released by the Ministry of Justice have shown there were 4,853 landlord possessions across England and Wales between July and September....
University gets help from top Debt Collection firm to educate students
The UK's largest University has called upon a leading UK Debt Collection Agency for help with course content for its students. It is seen...
Swiss Government takes debt collection action over unpaid fees
Switzerland spent more than seven million francs repatriating citizens in the first wave of the Covid pandemic.The Swiss government has started debt collection proceedings...
Bankruptcy figures hit 22 year record low
The number of individuals entering bankruptcy has hit a record 22-year low with only 1,938 bankruptcies occurring in the third quarter of 2021. At...
Unpaid Invoices as high as £200k affecting 1 in 5 SME’s
Newly released data from Time Finance has revealed some startling findings. The data shows that an astonishing 70% of SME's and Small businesses are...
Survey shows true cost of Businesses chasing late payments
A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Businesses are surprisingly spending more time...
Number of Insolvent Businesses rises in September
The number of businesses in England and Wales that went bust last month was the largest since the pandemic began. The latest Insolvency Service...
Small Business Debt Collection action ‘imperative’
New figures released show that Small Business Debt Collection is needed more than ever.It has long been known that Late Payments threaten the well...
The real cost of Small Business late payment
The financial impacts from COVID is forcing many SME's into bankruptcy. One of the major instigators of this is the late payments issue, which...
A third of SME’s worried about repaying Covid Support loans
Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research...
Unpaid CCJ offers early ‘Insolvency Warning sign’ says new data
New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county...
Waves of Small Business Insolvency expected over next few years
As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes...
Debt Collection firms targeted via the ‘Buy now, Pay later’ industry
Debt Collection firms that collect monies on behalf of the BNPL (buy now pay later) sector are being targeted. Regulators have been called upon...
Dealing with Debt Collection in France
A Five Step Process to Recovering your Debts in FranceFrench debt collection agencies are particularly prevalent due to the country’s strong economic dependence on...
Industry Experts reject ‘Insolvency tsunami’ claims
Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists.Government support measures have allowed...
