Emergency Insolvency reforms introduced
The Government has introduced the Corporate Governance and Insolvency Bill in Parliament, which will put in place a series of measures to amend insolvency and company law to support business and to address the...
Seven Staff confirmed with Covid-19 at Debt Collection firm
Seven staff at a Debt Collection Call Centre in Lancashire have tested positive for Covid-19 after employees were ordered to return to work.Preston based Debt Collection firm Akinika had originally closed its doors on...
Details released of Emergency Covid-19 Insolvency and Debt Recovery reforms
The Business Secretary Alok Sharma will be given new powers to help company directors during the current pandemic. This will enable him to extend deadlines for company filings amongst other new measures.The majority of...
23% Increase in Unpaid Business Invoices
The number of unpaid UK business invoices has increased by 23% according to new tracker by AI platform provider, Sidetrade.Sidetrade’s tracker is based on a statistical analysis of 26 million invoices, representing €54bn of...
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...
