Charity’s plea to restrict Council tax Debt Collection
The Charity, National Debtline says action is needed to improve debt collection practices at a effectively-bankrupt authority.Financially-stricken Birmingham City Council sent almost 60,000 debts to bailiffs last year - as a charity warned the tactic risked...
SME Late Payments increase by 48% says New research
Over 3.6 million (72%) small and medium-sized enterprises (SMEs) have some form of outstanding late payment from customers, leaving them £96,772 out of pocket on average, according to new research from Aldermore’s SME Growth...
Council’s ineffective Debt Recovery leading to increased Bailiff usage
A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year.New findings following a Freedom of Information Request revealed Warrington Borough Council...
New Data says outstanding invoices reach shocking levels
New research by Upflow has found that over half of outstanding invoices (57%) are late, with a third of invoices (33%) taking longer than 90 days to be paid.Upflow says that throughout several industries,...
Overdue Invoices in Scotland reaching high levels
The number of overdue invoices in Scotland has reached its highest level this year, according to new research from R3, the UK’s insolvency and restructuring trade body.R3’s analysis of data provided by Creditsafe shows...
Contractor wins Late Payments legal dispute
An East Grinstead contractor has successfully overturned a legal decision that found it was wrong to terminate its contract with a housing association over repeated late payments.The dispute arose from a JCT contract between...
2.7m Debt Cases passed to Bailiffs by Councils
More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new research conducted by the Money Advice Trust, the charity that...
Report estimates 110,000 SMEs at risk of Insolvency
A new SME insights report by Dojo has revealed that an estimated 110,940 SMEs are at risk of going bust due to having no cash left to support business operations.The study also revealed that...
Arrest warrant issued for Insolvent celebrity after Court no show
An arrest warrant has been issued for Katie Price, after she failed to attend a court hearing relating to her bankruptcies.
Insolvency and Companies Court Judge Catherine Burton said Ms Price had received "very clear...
New Data shows Small Business Late Payments increasing
Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest research by Xero.Payments to small businesses were made...
