7% rise in UK Mortgage Arrears
Latest UK Finance data has indicated that homeowner mortgages in arrears rose by 7 per cent (93,680) in the final quarter of 2023 compared to the previous quarter.
Buy-to-let mortgages in arrears also increased 18...
15% increase in CCJs issued for last 3 months of 2023
The end of 2023 saw an increase in CCJs issued for unpaid debts for debts against consumers, businesses and small business debt.Read the full report issued from the Registry Trust here:The total number of...
Solicitor jailed for stealing funds from Clients
A solicitor who admitted taking thousands of pounds from clients whilst acting as their power of attorney has been jailed.Alison Haley Griffiths, 55, pleaded guilty to two counts of fraud by abuse of position...
Lisa Marie Presley’s daughter refusing to pay late mother’s UK Debt
Riley Keough is refusing to pay the debt on late mother Lisa Marie Presley’s U.K. home one year after her death.Keough, 34, pushed back on Barclays Bank’s request for her to pay an outstanding balance of...
Business Insolvencies at their highest since 1993
More businesses entered insolvency last year than at any point since 1993, as higher interest rates weigh on UK firms, official data shows.
The Insolvency Service said 25,158 companies were declared insolvent last year, up...
Big rise in Construction sector insolvencies
Latest data analysis by Mazars has found that on average a dozen construction firms are going bust every day after 4,370 firms collapsed last year.In the year to the end of November, 4,370 companies...
TV Legend facing Bankruptcy due to unpaid HMRC Debt
TV Legend Bill Roache is facing bankruptcy for a second time.The 91-year-old actor - who has played Ken Barlow on 'Coronation Street' TV soap since 1960 - is the soap's highest-paid cast member, earning...
Luxury Homes Developer falls into Administration
Luxury homes builder Kenham Building has called in administrators, with all staff made redundant.The west London firm appointed ReSolve partners Cameron Gunn and Chris Farrington as administrators after encountering cashflow problems.Kenham operated for 25...
Nearly 40,000 UK Businesses in critical financial distress
There has been a near 25% increase in the number of businesses in 'critical' financial distress, with firms in London and the south east topping the regional rankings, according to the latest Begbies Traynor 'Red Flag...
Councils use of Bailiffs for Debt Collection up by 20%
Referrals to bailiffs in England and Wales to recover unpaid council debts have risen by nearly 20%, a BBC investigation has found.Birmingham's 500% rise in referrals between 2022 and 2023 topped the list of...
