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...
Council creates new Debt Collection service
A new debt collection service has been launched by Barking & Dagenham Council. The Debt Collection service has been launched to reduce the need for enforcement action.The new debt collection agency will be known...
48% of Businesses see increase in late payments
New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade.The New data supplied from cloud-based...
60% of Private Landlords owed rent arrears
Data from the National Residential Landlords Association has revealed that a massive 60% of Private Landlords are owed money due to rent arrears.Roughly 840,000 tenants in the Uk have fallen into arrears according to...
Dodgy Company Directors disqualified by Insolvency service
Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by the Insolvency Service.Sanjiv Varma (57) and Jonathan England (48), both directors of property...
HMRC facing £65bn Debt Collection challenge
The HMRC is now facing its biggest debt collection challenge in history. Debt owed to the HMRC from UK Businesses and tax payers has now trebled to reach £65.5bn from £19.3bn in 2019.An estimated...
New clampdown on rogue car parking firms
Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as entering registration plates wrong.Parking companies will also be forced to...
