This Week Trends
Campaigners have called on the government to ensure debt collectors have high standards when collecting tax credit overpayments.
HM Revenue and Customs is adopting increasingly aggressive Debt Collection strategies in respect of firms overdue on VAT payments, experts warn.
Scottish businesses are less likely to enter insolvency than those in the rest of Britain, according to new analysis.
Data released by Creditsafe said firms in Scotland have a 7% higher average credit rating than those in England and Wales....
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Company liquidations rise to their highest level over a year
Insolvency Service figures show that 3,978 companies were wound up in the second quarter of this year
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.
Police issue warning of Debt Collection fraud scam
Police in South Yorkshire have seen a rise in the number of debt fraud scam phone calls. Following a surge in reports, Police have...
Irish University calls in Debt Collectors
An Irish university is hiring debt collectors to tackle the growing problem of unpaid student fees.
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LATEST ARTICLES
Banks hire 100’s of Debt Collection Agents ahead of Covid Loan...
The UK's leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults.
The UK's four largest banks are...
SME’s owed 21k on average due to late payments
New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average...
Pandemic is forcing Companies into Late Payment clampdown
The changing face of late payment has lead to nearly half of companies saying that they were lucky to have survived 2020. This is...
No Insolvency Action till end of September
The Government has announced the extension of temporary insolvency measures which includes the restrictions on issuing of winding up petitions and statutory demands.
The change...
Shock as Government extends Commercial Eviction ban
The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months.
The ban, which...
Director banned for taking money from Company with Unpaid CCJ’s
The sole Director of a broker Company based in Hampshire has been banned as a Company Director.
Kathleen Shepherd from Southampton was the only Director...
Courts close rogue Debt Collection Agency
The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to...
Builder wrecks customers house over Unpaid Invoice
A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused...
Scam Debt Collection Agency Owner receives lengthy Jail sentence
A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments...
Company Insolvencies continue to decrease
The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales.
The figures show...
