Surge in Private Landlord Rental Evictions
Rental evictions have surged by 98% in a year, official figures show, with a charity saying this showed the “devastating impact” of the cost of living crisis on renters.
Repossessions by landlords hit 5,409 between...
Debt Recovery effort sees £437,000 written off by Council
Renfrewshire Council is preparing to write off more than £400,000 of irrecoverable debt following extensive debt recovery action.Elected members will meet tomorrow to consider the move, which would mean a number of companies, either...
Utility Debt Collection Agency to be investigated by Ofgem
Following an investigative report from the Times, Utility Debt Collection Agency Arvato Financial Solutions as insisted they act in compliance with regulationThe Times report alleges that Arvato, while acting a utility debt collection agency...
MP’s family firm chased SME’s for unpaid commercial rent during covid
Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a number of Commercial properties in Birmingham.A barber said he was...
Construction late payment worsening says Data firm
Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms were paid late last year analysis has found.The proportion of...
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 facing UK business during the current economic crisis.610,405 business rated...
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 debt.Gerry Donaldson, 52, won £250,000 on a lottery scratch card...
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 & Wales were 32% higher than in the same month in...
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 monthly bills. Unsurprisingly 68% of people reported as feeling 'stressed'...
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 in high-end stores but despite this, the firm has gone...
