Insolvency Service given new powers to tackle Dodgy Directors
The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved. The objective will be to close a legal loophole and...
PM’s Unpaid CCJ embarrassment
UK's Prime Minister Boris Johnson has hit the National Headlines due to an Unpaid CCJ. The CCJ was issued for an unpaid £535 Debt but has still not been paid six months on.The information...
University calls in Private Debt Collectors for help
Bristol University is reported to be turning to a Private Debt Collection Agency for help. The University of Bristol has called in Private Debt collectors to help recover unpaid rent from students that have...
Latest Insolvency statistics released for 2021
The latest insolvency statistics have been released for Q1 2021 by the insolvency service. These provides England & Wales corporate and individual insolvency statistics, which were released yesterday. Commenting on these latest insolvency statistics...
When is it time to hire a Debt Collection Agency?
The UK's SME Businesses are suffering as a result of late payments. Covid-19 has fuelled the problem and many small businesses and medium sized enterprises are facing going bust.This issue is nationwide, from Watford...
Late Payments hampering Small Business recovery
Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME's over the past 12 months totals a shocking average of £130,445.05Whilst late...
Company Directors banned for trading whilst insolvent
Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients and make payments to themselves despite the company being insolvent.Independent...
People in debt could get two month ‘breathing space’
People who are in debt from credit cards, loans and other personal debt sources could be given 'breathing space' under new temporary measures the government has announced.The Debt respite scheme has been launched to...
Debt ridden Football Club described as ‘hopelessly insolvent’
A judge has heard how a English Professional Football Club is described as "hopelessly insolvent" at a high court hearing over a ownership dispute.The comments came as desperate attempts to save Swindon Town Football...
Business Insolvency statistics defying gravity
Business insolvency statistics continue to defy gravity in the UK. Whilst this maybe viewed as positive news, the IVA increase shows that personal finances are beginning to take a hit.Insolvency statistics recently released by...
