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...
EU Late payment reforms to be scrapped
The European Commission is reportedly set to scrap a controversial overhaul of EU late payment rules after a lack of support from several EU member states.The Commission proposed in September last year to limit...
Agricultural firm collapses into Administration
A highly regarded Newton Abbot Agricultural farm and garden machinery specialist has formally entered administration.At a meeting held with creditors last Tuesday (July 16), directors passed a resolution to voluntarily wind up C R...
Sharp rise in June for Business Insolvencies
Latest figures from the Insolvency Service have shown that there were 2,361 business insolvencies in England & Wales in June 2024, 16% higher than in May 2024 (2,040) and 17% higher than the same...
Council turns to Debt Collection Agencies for help
A Freedom of Information request has revealed £1.997 million of Maldon district council-related debt was sent to external debt collection agencies in the 2023/24 financial year.These debts include failures to pay Council Tax, Business...
Council’s huge £12.4m Debt Collection Challenge
Steps have been taken to claw back millions of pounds owed to Swansea Council after auditors warned that action was needed. At the end of January this year debtors owed the council £12.4 million, a council...
Rogue Insolvency firm shut down by Courts
A court has wound up a Manchester firm which offered unlicensed Insolvency Practitioner (IP) services.Save Consultants Ltd claimed to provide insolvency practitioner services when none of its current or former directors were licensed. Its...
