This Week Trends
Over a third (35 per cent) of Brits have reduced their debt levels in the last year according to new research from MoneySupermarket.com.
Statistics showing insolvencies in the second quarter of 2012 were published today by the Insolvency Service.
Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of 6% when compared to April 2024 figures (2,144) and 21% lower than the same month...
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Pre pack administrations to be reviewed
An independent review of pre-packaged insolvency sales will begin in late Spring, the Government has said.
New powers used by Insolvency service to ban covid-loan abusers
The UK's Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its...
Retail suppliers late payment worsening
Small businesses supplying the automotive, retail industry and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according...
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.
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LATEST ARTICLES
City Council owed £229m in Unpaid Debt
Bristol City Council is owed £229m in unpaid debt, included nearly £52m of council tax it has failed to collect.
However unpaid invoices account for...
Authorities issue Scam Invoices warning
The Intellectual Property Office (IPO) has issued a fresh warning to customers to beware of misleading requests for payments, sent by unsolicited organisations. These typically...
Londons lettings market being plagued by Rogue Tenants
London estate and lettings agent Benham and Reeves has uncovered a growing wave of fraudulent activity with rogue tenants targeting landlords in the capital. With...
Charity’s plea to restrict Council tax Debt Collection
The Charity, National Debtline says action is needed to improve debt collection practices at a effectively-bankrupt authority. Financially-stricken Birmingham City Council sent almost 60,000 debts to bailiffs...
SME Late Payments increase by 48% says New research
Over 3.6 million (72%) small and medium-sized enterprises (SMEs) have some form of outstanding late payment from customers, leaving them £96,772 out of pocket...
Council’s ineffective Debt Recovery leading to increased Bailiff usage
A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year. New findings...
New Data says outstanding invoices reach shocking levels
New research by Upflow has found that over half of outstanding invoices (57%) are late, with a third of invoices (33%) taking longer than...
Overdue Invoices in Scotland reaching high levels
The number of overdue invoices in Scotland has reached its highest level this year, according to new research from R3, the UK’s insolvency and...
Contractor wins Late Payments legal dispute
An East Grinstead contractor has successfully overturned a legal decision that found it was wrong to terminate its contract with a housing association over...
2.7m Debt Cases passed to Bailiffs by Councils
More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new...
