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.

Rogue Trader Nick Leeson lands Insolvency role

After causing the collapse of the U.K.'s oldest investment bank, Nick Leeson is finally back on the financial market.

Debt Recovery firm announces 18% rise in Collections

Leading Commercial Debt Collection Organisation Federal Management has announced a 18% increase in Collection figures for the first quarter of 2013, compared with the first quarter for 2012.

Enforcement Firm goes into administration

A CONTROVERSIAL enforcement company which hands out fines for littering and dog fouling has gone into administration.

Cash strapped Council calls in Bailiffs

BAILIFFS are being sent in to recover more than £2 million in unpaid council tax.

Banks see profits wiped out

The major UK banks saw a 45% rise in core profits in 2012, but that hike was wiped out by a mix of regulation and their own mistakes, a KPMG report says.

Council’s Bailiff usage criticised by Ombudsman

REDBRIDGE Council has been criticised by the Local Government Ombudsman for its use of bailiffs to pursue a debtor.

Disgraced Director disqualified for 13 years

Qasim Ali Munir, director of Farman Homes Ltd, a construction company based in Edgware, Middlesex, has been disqualified from acting as a company director for 13 years for using false documents for personal gain.

UK Retail Sales Rise

U.K. retail sales rose more than economists forecast in February in a rebound from a drop the previous month when heavy snowfall held back consumer activity.

HMRC to increase use of Debt Collection Agencies

HM Revenue & Customs last year doubled the amount spent on debt collection agencies in respect of the collection of unpaid tax.

Debtor in court over Bailiff machete charges

A Debtor from Hampshire was in court over threats made to a Bailiff outside his property.

Pre pack administrations to be reviewed

An independent review of pre-packaged insolvency sales will begin in late Spring, the Government has said.

Bankrupt jailed for debt evasion

A bankrupt has been handed a 12-month prison sentence after he was found guilty of removing money from accounts