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...
Micro Businesses hit by 60% hike in Late Payments
New research has revealed late payments are continuing to have a significant impact on UK small businesses – with the smallest businesses being some of the worst hit.
Overall, the research by Intuit QuickBooks shows that...
What happens to a Business Debt when a Company gets struck off?
If a Limited Company has debts they cannot afford or want to avoid paying, they sometimes go down the route of getting the company 'struck off' or 'dissolved to effectively close the company.If a...
Failed Private School was owed £51k in Unpaid School Fees
Administrators for a failed Private School in Derbyshire have revealed that they were owed £51,536 by debtors for unpaid school fees at the time of closure.The church run Ockbrook School owed creditors more than...
Landlord Tenant Evictions rise by 207%
The latest statistics released by the Ministry of Justice have shown there were 4,853 landlord possessions across England and Wales between July and September. This figure was up 207% from the previous quarter when...
University gets help from top Debt Collection firm to educate students
The UK's largest University has called upon a leading UK Debt Collection Agency for help with course content for its students. It is seen a major boost in credibility for the industry and the...
Swiss Government takes debt collection action over unpaid fees
Switzerland spent more than seven million francs repatriating citizens in the first wave of the Covid pandemic.The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid...
