Shopping centre bosses ‘shopped’ to Insolvency service
The firm of Accountants dealing with the administration of failed Cumbrian based shopping outlet K Village have reported the firm's directors to the Insolvency service's Directors disqualification unit.A report complied by KPMG administrators Stuart...
Russian changes gender to avoid debt collectors
The majority of people working within the UK's Debt Collection industry will be all too familiar with the very wide spectrum of excuses and tactics individuals will use to evade paying their debts however...
RBS allocates a further 465m for PPI claims
The Royal Bank of Scotland has set aside a further 465m for PPI claims as it is revealed that claims are expected to continue for a much longer period than expected.The cumulative provision for...
Sony sees credit rating cut to ‘Junk’
Sony, the Japanese Electronic giant, has seen its credit rating slashed to 'junk' by global market experts Moody's.Despite still boasting profits, Moody's state that they expect Sony's key businesses to continue to experience substantial...
17% of people retiring this year will be in debt
According to research conducted by Prudential, 17% of people retiring this year will have debts outstanding, averaging around £24,800 each.These startling figures give cause for concern but even more surprising is the fact that...
Debtor faces years in prison for gun attack on Bailiff
A Tenant with arrears of over £8,000 who gunned down a Bailiff and housing officer during an eviction is facing years behind bars following a trial in London.Andrew Stephenson aged 50, was found guilty of...
Media company wound up for false claims
Dodgy Liverpool based Global Media Corporation Ltd has been wound up by the Insolvency service following indepth investigations.Global Media had been 'selling' advertising space diaries and magazines purporting to belong to the emergency services.During...
Proposals could see bankruptcy period extended
Individuals declaring bankruptcy could be facing tougher measures by way of extended bankruptcy periods from 1 to 3 years if new proposals are accepted.R3, the trade association for the insolvency industry has called for...
Debt Collectors threaten to enter big brother house
Debt Collectors have apparently threatened to enter the Big Brother House to serve failed pop star 'Dappy' with bankruptcy papers.The former N-Dubz star now in the Celebrity version of Big Brother on channel 5...
New website launched
We have been working hard over the christmas period to get our new website up and running, packed with even more features and articles.A lot of time effort and expense has gone into this...
