Russia’s Debt Collection Hell
Russian Debt Collectors adopt menacing Collection methods
The Russian authorities are rushing through proposals to deal to stem the tide and rising threats by lenders including a moratorium on collection agencies which will restrict the type of...
New proposals could see the end of the PPI Claims industry
The United Kingdom's Ministry of Justice announced yesterday it is set to limit the fees charged by PPI Claims Management companies to their customers with many reportedly charging over a third of their customers...
Cardiff Council employee stole child safety funds to pay Bailiffs
Cardiff Crown court has heard how a Cardiff Council employee allegedly syphoned more than £35,000 from petty cash account of the Council's Child safeguarding Unit to pay off Bailiffs.Caroline Wootton-Thomas who worked in the accounts department...
Personal & Company Insolvencies decrease
Personal Insolvencies have reached their lowest point in ten years according to official figures released by the insolvency service.2015 saw 79,965 declared insolvent. This figure was 19% less than the total amount of individuals...
UK Supermarkets late payment shame
Every single one of the UK's major supermarkets are guilty of regularly failing to pay suppliers on time according to data analysis from a leading Commercial Credit reference agency.The key findings shown by Creditsafe's...
Firm fined £18k for using illegal Debt Collectors
A Decorating firm has been fined nearly £18,000 in fines and court costs following a prosecution by Trading Standards.Suffolk Trading Standards Office conducted a lengthy investigation into Breslin Decorators based in Bury St Edmunds,...
Business experts predict liquidation boom
Leading figures in British Business have warned of a possible boom in Company liquidations over the next 3 months amid fears of new tax rules.Thousands of entrepreneurs are predicted to liquidate companies over the first...
Mobile Phone firms worst for Debt Collection
Leading UK Consumer Charity 'The Citizens Advice Bureau' has labelled Mobile Phone Firms as the worst for private sector Debt Collection.The charity has been conducting lengthy investigations and compiling data to produce their 'Falling Behind' report...
Business late payment aiding fresh concerns
Late Payment of Commercial Debts is a major concern for Businesses for the year ahead according to a new survey polled amongst 1,000 small and medium sized UK businesses. The survey was performed in...
Bailiffs repossess ‘worst cafe on earth’
A Cafe which became famous for all the wrong reasons due to a stream of negative reviews on consumer review website Trip Advisor has been repossessed by Bailiffs in Derbyshire.Dolly's Tearoom in Castleton, Derbyshire...
