This Week Trends
An independent review of pre-packaged insolvency sales will begin in late Spring, the Government has said.
New figures show that 27 of Glasgow’s Councillors have been warned for failing to pay their council tax.
In the last 2 years, 27 of Glasgow's Councillors have been sent reminder notices advising that they had fallen behind with payments.The figures, obtained by Freedom...
Staff cuts has been listed as to why HMRC missed out on recovering £1.1bn in outstanding tax, according to the Public Accounts Committee
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New Collections
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NHS consider Debt Collectors for foreign debts.
In Scotland, a staggering £180,000 circa is owed to NHS Tayside by foreign patients who have received treatment under their care with some patients as far...
Money Advice Service Chief Exec Resigns
Following a Board meeting the Money Advice Service have confirmed that Tony Hobman has stepped down as chief executive.
Scots facing 2015 debt crisis
As many as 1,000 companies will fold and 12,000 Scots will be facing bankruptcy in 2015, a expert report has predicted.
Respected Business advisers BDO state that many...
New Business Late Payment legislation to be enforced
The UK Government's Department for Business, Energy & Industrial Strategy (BEIS) has published a brand new updated set of draft regulations that specifically requires...
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LATEST ARTICLES
630,000 UK Companies facing Insolvency
Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the...
Millions of pounds going unpaid in rent arrears
is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to...
Watchdog asks for help with Debt Collection guidance
The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19...
Top Legal firm warns of Insolvency tsunami
A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system.
Manchester...
HMRC spent £84m on Debt Collection over three year period
Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to...
One Million Self Employed pushed into debt due to Covid late...
Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in...
Sheffield Council accidently sends 1,600 Debt Collection letters
A council mistakenly sent more than 1,600 "alarming" debt collection letters to allotment holders.
Sheffield Council said the error happened because it employed a debt...
Why Free Debt Collection can cost too much
We are all familiar with the term No win no fee debt collection or free debt collection but what is the real story here....
B2B Payments taking Covid hit on a global scale
Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data...
1 in 6 invoices being paid late according to survey
1 in 6 Small Business invoices is being paid late according to latest findings in a report conducted by a Business banking company across...
