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

UK Economy 2012 boost

The UK economy grew by more than previously thought in 2012, official figures have shown.

OFT to suspend rogue Debt Collection Agencies

In the UK, The Office of Fair Trading (OFT) has been given the power to suspend any debt collection agency that targets and mis-sells credit to certain vulnerable consumers.

Tax dodgers named & shamed

Tax dodgers are being named on a list published by HM Revenue and Customs (HMRC) for the first time, as their affairs come under greater scrutiny.

UK Debt Collection Agencies in financial trouble

A report into the top 488 businesses operating in the debt collection agencies industry has found that 50 companies are showing the same characteristics as HMV, Comet and Blockbuster.

Yorkshire Water to feed late payment details to Experian

Yorkshire Water late payers who miss bill payments could find it harder to take out loans or credit cards following a deal struck between the utility provider and credit reference firm Experian.

HMCTS seeking Debt Collectors to recover 1.8bn

Nearly £2 billion in court fines and confiscation orders remains unpaid, new figures have shown, while the Government has admitted it needs to do more to tackle the debt with the usage of Debt Collectors.

HMRC pleased with cost cuts

The UK tax authority has made a good start at cutting costs but faces a longer term battle to protect customer service, a report has found.

Exclusive: Debt Collection Horror in the USA

With the UK's Debt Collection Industry coming under ever increasing scrutiny, we take a look at the American Debt Collection Industry and the problems the authorities have to deal with across the water.

Disappointment at New Bailiff Laws

THE Government’s move to shake up bailiff regulation could cause a headache for commercial landlords, according to legal experts.

Fraud Reporting changes criticised

Victims of fraud across the UK will be told to contact the Home Office agency Action Fraud rather than their local force from 1 April.

High Street Banks facing new scandal

Britain's big four high street banks could be forced to pay millions of pounds in compensation to small businesses, after the main City regulator found they mis-sold complex insurance products in more than 90% of cases.

HSBC create crime fighting Unit

The HSBC has decided to recruit a panel of experts to beef up its defences against financial crime, just two months after they were fined almost two billion dollars by US authorities over Mexican money laundering and Iranian sanctions breaches.