Debt Collection boss nets 30m windfall
Martin Dunphy, Irish founder of the Marlin Financial Group - A UK based Debt Collection Agency has netted a cool 30m for his 20 per cent stake after his company was bought out by...
Debt Collection firms lose licence
OFT gets toughThe Office of Fair Trading has deemed three Debt Collection companies as 'unfit' to hold consumer credit licenses and refused to renew them with immediate effect.HFO Capital and its two associated Debt...
New Debt Collection documentary to be aired on Channel 5
Off the back of the success of BBC1's, 'The Sheriffs are coming', Channel 5 is to air a new no holds barred documentary on the work of Debt Collectors and Bailiffs titled Can't pay?...
Justice Minister promises Bailiff reforms
New laws to stamp out 'rogue bailiffs' were promised on Wednesday by the Justice Minister Lord Faulks.Speaking at the Civil Enforcement Association conference in London, Lord Faulks spoke of the major reforms to the...
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...
