HMRC issues Tax Credit scam email warning

People who receive tax credits are being warned about scam emails being sent out by fraudsters in an attempt to gather card details and passwords.

Debt Purchase Group competitor buy out

DEBT purchaser Lowell Group has acquired the Interlacken Group in a move to bring additional strength to the firm.

Armed Police called in to assist Bailiffs in Gloucestershire

ARMED police descended on a Gloucestershire home after residents brandished knives and ball-bearing guns during a forced eviction of a middle-aged woman.

US Investment firm buys UK Debt Collection Agency

Private equity firm AnaCap announced yesterday it had agreed to sell British consumer debt collector Cabot Credit Management (CCM) to U.S. investment firm JC Flowers.

Payday Loans Debt Collection methods drive man to suicide

A father struggling to cope with mounting debts to payday loan companies died after setting himself on fire, an inquest has heard.

US state sues bank over Debt Collection practices

The American state of California is suing JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit card customers and abusing the court system

Bailiffs to attend Jobcentre to enforce County Court Order

BAILIFFS are set to raid a Jobcentre and seize goods in settlement of an unpaid £400 bill.

Banking chief quits over debt rating fiasco

The chief executive of the Co-operative Bank has resigned after its debt was reduced to ‘junk’ status by a leading credit ratings agency.

Law firm owed more than 4m to creditors

The failure to meet repayments on a £4m loan to its bank led to law firm Marsden Rawsthorn going into administration.

Rogue medical group wound up

A bogus medical assistance provider has been wound up in the public interest in the High Court following an investigation by The Insolvency Service.

Bank lending to increase as bad debts fall

Bank lending to businesses is set to rise for the first time in four years

Bailiffs fail to collect a single penny of 2m worth of...

BAILIFFS hired by a council to recover more than £2 million in unpaid tax have yet to recoup a single penny.

High Court shuts down Credit Union

Herefordshire-based Marches Credit Union Limited has been placed in liquidation following an order issued by the High Court

Debtor sentenced for gun attack on Debt Collector

Mark Vevers, 50, lured a debt collector to his home in Northampton where he then locked her in the bathroom, threatened her life, and stole £300 from her bank account as well as £485 in cash directly from her purse.

Ireland creates new Insolvency service

New plans to deal with personal debt have been announced by the Irish government.

Director banned after insolvency investigation

ADRIAN Antonie Parson, director of Quantum Solutions (Kent) Limited, a payroll company in Grays, has been banned from acting as a director for six years

Hospital bosses send bailiffs after their own staff

Hospital bosses are employing bailiffs to recover overpayments made to its own staff following a payroll bungle that meant 791 workers were overpaid.

300m Bank Boost for small businesses

BCC urges government to 'think bigger' as Vince Cable announces first tranche of £1bn business bank investment

Threshold lowered for charging orders

Creditors can now secure a debtor’s property against unsecured debts as low as £1,000 due to new regulations

Bogus Bailiffs on the prowl

Police have warned members of the public that fraudsters are masquerading as Bailiffs in the Lincolnshire area.