Could the Recession be good for Debt Collection?
Some people believe a recession is lucrative for the debt collection industry. With a recession comes more late payment of invoices and overdue accounts. On the face of it, people make the assumption that...
London Mansions being seized as part of Debt Collection efforts
London mansions are being seized as part of measures to recover debts in London from bankrupt businessmen.A Kensington mansion has become the capital’s latest luxury property to go up for sale in insolvency proceedings as...
Retail Insolvencies continue to rise in the UK
Retail Insolvencies are expected to continue to rise according to latest industry expert findings.Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may...
Huge rise in no fault evictions in 2023
Figures released in the past week by the Ministry of Justice showed that 9,457 households in England were evicted by bailiffs in 2023, compared to 6,399 in 2022.
A total of 26,311 households have been...
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...
