Debt Recovery effort sees £437,000 written off by Council
Renfrewshire Council is preparing to write off more than £400,000 of irrecoverable debt following extensive debt recovery action. Elected members will meet tomorrow to consider...
Utility Debt Collection Agency to be investigated by Ofgem
Following an investigative report from the Times, Utility Debt Collection Agency Arvato Financial Solutions as insisted they act in compliance with regulation The Times report...
MP’s family firm chased SME’s for unpaid commercial rent during covid
Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a...
Construction late payment worsening says Data firm
Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms...
Business CCJ’s double whilst firms in significant distress soars
Business CCJ's have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles...
Lottery winner jailed due to £12k unpaid debt
A NATIONAL lottery winner who scooped a quarter of a million pounds has been jailed for 12 months after failing to pay a £12,000...
UK Business Insolvency rises by nearly a third
UK Business Insolvency rises by nearly a third
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England &...
Personal debt in the UK rose by a third in 2022
Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and...
Luxury Candle maker goes bust with huge unpaid business debts
A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold...
Council forced to write off over 1m of uncollected debts
Over 1 million pounds has been written off as uncollected debts by a council in Wales. Denbigh County Council predicted in December that it would...