Crackdown on rogue Directors who dissolve Companies to avoid Business Debts
The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities.These...
Insolvency Experts predict wave of insolvencies after profits rise
Leading UK Insolvency Experts Begbies Traynor have reported of a increase use of their services. Revenue and profits have risen for the Company for...
Businesses being chased for Late filing penalties by Debt Collection firms
Businesses filing their financial statements late due to the impact of the pandemic face the prospect of being contacted by debt collection agencies before...
USA Debt Collectors can now use Social Media to help recover...
Debt Collectors in the USA have been given the green light to use Social Media to help collect debts. American Debt Collectors will now...
UK Business Credit Scores recovering well post pandemic
The latest research from Business analysts Experian has shown that on average, UK Business are recovering well post pandemic.The average Business credit score level...
HMRC asks for help ‘modernising’ business debt collection
The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods.The statement issued a couple of days...
Football Club suspended from all activities due to Unpaid Debts
Historic Welsh Football Club Bangor City have been suspended from all football related activities due on ongoing issues with unpaid wages.The Football Association of...
1 in 3 Businesses see late payment as biggest threat to...
Late payments are threatening the survival of British businesses. In-depth analysis by invoice finance provider, Time Finance has revealed some startling truths. Uncovering the...
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...
