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

Business Insolvency rates at five year low

The rate of business insolvencies fell in January 2013 to its lowest rate since June 2007, according to the latest figures.

Essex Bankrupt sent to Prison for non-disclosure

Isabelle Gold, a bankrupt, has been sentenced to two months imprisonment, suspended for 12 months, and 200 hours of unpaid paid work at Southend-on-Sea Magistrates' Court

Troubled Clothing retail chain sees Debt Collectors visit

CONCERN surrounds a clothes retail chain as debt collectors are understood to have been called in to the chain over unpaid rents.

Huge surge in PPI Complaints

The financial ombudsman service is taking on 2,000 new cases a day following payment protection insurance (PPI) complaints, with numbers rising at "unprecedented" rates.

UK Insolvency rate falls to pre recession levels

Despite the recent high-profile casualties in the IT channel, the overall UK insolvency rate has fallen to its lowest level for more than five years.

Liverpool Debt Collection Boss arrested on weapon charges

Businessman and Debt Collection Agency Owner Stephen French was remanded in custody over weapons charges.

Scam UK Debt Collection Agencies closed down

Three debt collection businesses in Wakefield have been shut down following investigations by the Insolvency Service.

Greece’s Tax Debt Collection methods blamed for slow financial recovery

Greece’s tax collection and monitoring mechanisms are in complete disarray while the political administration is unable move ahead with their restructuring