Business CCJ’s double whilst firms in significant distress soars
Business CCJ's have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles...
Lottery winner jailed due to £12k unpaid debt
A NATIONAL lottery winner who scooped a quarter of a million pounds has been jailed for 12 months after failing to pay a £12,000...
UK Business Insolvency rises by nearly a third
UK Business Insolvency rises by nearly a third
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England &...
Personal debt in the UK rose by a third in 2022
Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and...
Luxury Candle maker goes bust with huge unpaid business debts
A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold...
Council forced to write off over 1m of uncollected debts
Over 1 million pounds has been written off as uncollected debts by a council in Wales.Denbigh County Council predicted in December that it would...
Credit card use up to highest levels since 2004
Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data.The figures showed individuals borrowed...
European Business late payment clampdown in 2023
European regulators are looking to clamp down on late European business late payment payments in 2023.In the U.K, the government announced the launch of...
Limited Company struggling with Debts? What are the options
What are the options if a limited company is struggling with debts?While it can be be tempting to ignore a mounting unpaid debt problem...
MP made bankrupt due to £1.7m of Personal debt
Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.A bankruptcy...
