Crackdown on rogue Directors who dissolve Companies to avoid Business Debts
The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities.These new powers will extend the Insolvency Services ability to investigate...
Insolvency Experts predict wave of insolvencies after profits rise
Leading UK Insolvency Experts Begbies Traynor have reported of a increase use of their services. Revenue and profits have risen for the Company for the first half of the year.The Insolvency Firm which assists...
Businesses being chased for Late filing penalties by Debt Collection firms
Businesses filing their financial statements late due to the impact of the pandemic face the prospect of being contacted by debt collection agencies before their penalty appeals have been concluded by Companies House, say...
USA Debt Collectors can now use Social Media to help recover unpaid debts
Debt Collectors in the USA have been given the green light to use Social Media to help collect debts. American Debt Collectors will now be able to chase down debtors via direct messages on...
UK Business Credit Scores recovering well post pandemic
The latest research from Business analysts Experian has shown that on average, UK Business are recovering well post pandemic.The average Business credit score level has returned to the pre pandemic average of 44 by...
HMRC asks for help ‘modernising’ business debt collection
The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods.The statement issued a couple of days ago is asking for suggestions and advice on improving its...
Football Club suspended from all activities due to Unpaid Debts
Historic Welsh Football Club Bangor City have been suspended from all football related activities due on ongoing issues with unpaid wages.The Football Association of Wales made the a ruling on the 29th October stating...
1 in 3 Businesses see late payment as biggest threat to survival
Late payments are threatening the survival of British businesses. In-depth analysis by invoice finance provider, Time Finance has revealed some startling truths. Uncovering the shocking impact of late payments, analysis has found that challenges...
Tenant Eviction to be suspended over Christmas period
An announcement is expected to be made advising that Tenant Evictions will be suspended over the Christmas period.It is understood a 'christmas truce' will be announced advising that all bailiff enforced evictions will be...
HMRC facing pressure to improve Debt Collection
In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt...
