Directors to be held personally liable for company collapses
VINCE CABLE has outlined proposals to shake up the insolvency profession, including plans to make directors personally liable for corporate collapses.
Debt Collection Agencies pursuing £62bn
The amount of consumer debt passed to UK debt collection agencies rose to £62 billion in the third quarter of 2012, the highest level recorded in over a year.
British Chambers of Commerce Slashes UK Growth Rate
The forecast for economic growth for 2012 has been slashed from 0.6% to 0.11% by the British Chambers of Commerce.
Insolvency service cracks down on dodgy directors
The number of Directors disqualified in England, Scotland and Wales has risen sharply according to new figures released by the Insolvency service. The latest statistics...
Retirees Sitting on £96.41bn of Personal Debts
New research from retirement income specialist MGM Advantage reveals that the average retired person has £8,180 of personal debt, collectively equating to a staggering £96.41bn.
23% Increase in Unpaid Business Invoices
The number of unpaid UK business invoices has increased by 23% according to new tracker by AI platform provider, Sidetrade. Sidetrade’s tracker is based on...
Government vows to act on SME late payments
The UK government has launched tougher measures to tackle SME late payments to small businesses as part of its upcoming Prompt Payment & Cash...
UK Exporters braced for non-payment rise from overseas customers
The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to...
UK Inflation Levels Fall by 0.5%
The latest statistics from ONS have revealed that CPI annual inflation for April stands at 3%, down from the March figure of 3.5%.
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Man hit with £1.4million phone bill for just ONE month.
Ken Slusher reveals that he is now being pursued by debt collectors and he fears that an offer on his dream home will fall through. A...
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Waves of Small Business Insolvency expected over next few years
As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes...
Small Business Debt Collection action ‘imperative’
New figures released show that Small Business Debt Collection is needed more than ever. It has long been known that Late Payments threaten the well...
Attacker of Hospitalised Bailiff Faces Jail Term
A man has been jailed after attacking and hospitalising a bailiff and will serve a twelve week sentence.
