US Town sends SWAT Team to collect £53k Debt
In true classic American movie style, a small town in the state of Wisconsin took the unusual step of sending in a fully armed SWAT team to collect a £53k Debt ($86,000) owing from...
Directors disqualified for 200k student fund scam
Two unethical Businessmen from Leicestershire have been disqualified as directors for 12 years by the Insolvency Service after scamming £200,000 worth of public funds by using falsified student documents and information to claim students had...
Payday loans lender halts Debt Collection activity
Controversial payday loans firm Wonga has written off a total of £220m of debt owing from 330,000 customers after admitting making loans to people who were not in a position to repay them.The much criticised company will...
Debt Collectors seize goods from F1 team
UK based Formula One team Caterham have stated their intention to race in Japan Grand Prix despite receiving a visit from bailiffs on Tuesday and allegedly having items seized.The swiss - middle eastern owned team, based...
Debt Collection Agency in administration
UK based Debt Collection Agency, Roxburghe (UK) Limited has gone into administration, with 35 staff being made redundant.It was revealed that Roxburghe had been trading at a loss due to increasing overheads and Roxburghe's directors took the decision...
UK’s Top 10 non payment excuses revealed
With Billions of pounds of business being conducted daily in the UK, we examine the most commonly used excuses for late or non payment currently being used in 2014 by a minority of companies...
UK attacked by scam Debt Collection emails
UK Businesses have reported a sharp rise in scam debt collection emails purporting from legitimate British companies.For years company email addresses have been blighted by the usual scam emails claiming to be from banks,...
Consumer Debt Collectors in demand
The UK's Demand for highly-skilled debt collection specialists in the consumer industry has surged by almost 56% in the last year, according to specialist financial services recruitment firm BrightPool.Following increased pressure from the Financial Conduct Authority...
Farmer’s 1.4m VAT fraud to pay off Debt Collectors
A farmer who stole £1.4 million of taxpayers' cash in a VAT fraud to pay off Debt Collectors and Bailiffs it was claimed in court. It was also said his life became like "the most depressing...
Phones4u in administration
Accountancy firm PricewaterhouseCoopers LLP has been lined up as the preferred insolvency administrator for Phones 4u Ltd. and its subsidiaries. This follows after the private equity-backed cellphone retailer announced it was being forced out...
