Business Restructuring specialist Hilco has taken effective control of music and DVD retailer HMV.

A former fashion model has become one of the country's first millionaire bailiffs.

A hospital trust needs to save £53m over the next five years to stave off insolvency, a health watchdog says.

Regulator imposes requirements on Royal Bank of Scotland's use of charging orders - a debt collection method for recovering unsecured debts that could see borrowers lose their homes.

Solihull-based Secure Trust Bank (STB) has acquired the businesses of a debt collection group for a six-figure sum in a deal advised by the Birmingham office of law firm DLA Piper.

Payday loan company Wonga.com, which charges annual interest rates of up to 4,200 per cent, yesterday warned it plans to start using debt collectors

The Insolvency Service has launched a voluntary exit scheme that is expected to see 50 employees in middle manager positions leave the organisation.

January always sees a surge in gym membership. Now the OFT is cracking down on unfair terms and conditions in the long contracts people are made to sign

The Royal College of Nursing has branded a hospital’s decision to appoint debt collectors to chase salary overpayments from staff as “highly inappropriate”.

THE number of firms going bust in Scotland fell for the first time in four years in 2012 according to KPMG, in an apparent sign businesses have got used to coping with tough trading conditions.