Insolvency Experts warn of mass Business Collapses
Over 500,000 British Businesses are at risk of collapse due to the Coronavirus claim Insolvency Experts.In the first three months of this year, over 509,000 British Businesses were in significant distress according to Insolvency...
Debt Collection Trade Body warns against ‘writing off billions’
The Credit Services Association has issued a stern response to claims from Debt Charities in the UK. Charities have made audacious requests that all Debt Collection activity be halted and billions written off in...
Debt Collection firms facing Coronavirus challenges
The UK's Debt Collection industry is in uncharted waters as are many sectors due to the coronavirus. Most though are still continuing to operate as they fall under the key financial services bracket.The main...
SME’s facing Coronavirus Cashflow problems
Over two-thirds of UK SMEs (69%) have reported significant pressures on their cash levels according to latest insights from business lender MarketFinance. This is in large part down to businesses paying for supplies earlier...
Court orders Landlord to pay Tenant money over Eviction failings
A London based landlord has been ordered to pay her Tenant compensation following a botched 'eviction'.Landlady, Lydia Suleaudu demonstrated a blatant disregard for her tenants rights a court was told. The tenant has been...
High Court orders closure of Debt Collection Agency
The High Court in Manchester has ordered the immediate closure of a rogue Debt Collection Agency based in Newcastle.Following a number of complaints, the Insolvency Service became aware of underhand debt recovery trading activities...
Estate Agent banned after spending clients monies
The owner of a Ipswich based Estate Agency has been banned from running a Business for five years.Jane Hipkin Russell aged 58, was subject to investigations by the Insolvency Service looking at the causes...
Number of Personal CCJs hits record high
The number of Personal CCJs issued for the year 2019 hit a record high. The level of CCJ's issued against individuals is now double the figure of 8 years ago.According to figures released by...
Government considers using Debt Collectors to collect TV licence Fees
A Government Consultation is seriously considering using Debt Collectors to collect unpaid TV licence Fees.Bailiffs would be instructed to remove TV sets from properties where the occupants refuse to pay licence fees. New plans...
Disqualified Director ordered to pay £500k to Creditors
The Insolvency service entered new territory as it won a case against a disqualified company director. In what is considered a landmark case, former company Director Kevin Eagling was order to pay back over...
