Threshold lowered for charging orders
Creditors can now secure a debtor’s property against unsecured debts as low as £1,000 due to new regulations
Bogus Bailiffs on the prowl
Police have warned members of the public that fraudsters are masquerading as Bailiffs in the Lincolnshire area.
Rogue Trader Nick Leeson lands Insolvency role
After causing the collapse of the U.K.'s oldest investment bank, Nick Leeson is finally back on the financial market.
Debt Recovery firm announces 18% rise in Collections
Leading Commercial Debt Collection Organisation Federal Management has announced a 18% increase in Collection figures for the first quarter of 2013, compared with the first quarter for 2012.
Enforcement Firm goes into administration
A CONTROVERSIAL enforcement company which hands out fines for littering and dog fouling has gone into administration.
Cash strapped Council calls in Bailiffs
BAILIFFS are being sent in to recover more than £2 million in unpaid council tax.
Banks see profits wiped out
The major UK banks saw a 45% rise in core profits in 2012, but that hike was wiped out by a mix of regulation and their own mistakes, a KPMG report says.
Council’s Bailiff usage criticised by Ombudsman
REDBRIDGE Council has been criticised by the Local Government Ombudsman for its use of bailiffs to pursue a debtor.
Disgraced Director disqualified for 13 years
Qasim Ali Munir, director of Farman Homes Ltd, a construction company based in Edgware, Middlesex, has been disqualified from acting as a company director for 13 years for using false documents for personal gain.
UK Retail Sales Rise
U.K. retail sales rose more than economists forecast in February in a rebound from a drop the previous month when heavy snowfall held back consumer activity.
