International Debt hits record $226 Trillion
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused...
Insolvency Industry regulation changes to be made
The Government has set out new proposals to reform and simplify regulation of the insolvency sector.The new consultation is inviting views on creating a...
Business Insolvencies hit highest level since Pandemic began
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that...
Energy giant probe into ‘aggressive’ debt collection tactics
An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement.The...
Crackdown on rogue Directors who dissolve Companies to avoid Business Debts
The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities.These...
Insolvency Experts predict wave of insolvencies after profits rise
Leading UK Insolvency Experts Begbies Traynor have reported of a increase use of their services. Revenue and profits have risen for the Company for...
Businesses being chased for Late filing penalties by Debt Collection firms
Businesses filing their financial statements late due to the impact of the pandemic face the prospect of being contacted by debt collection agencies before...
USA Debt Collectors can now use Social Media to help recover unpaid debts
Debt Collectors in the USA have been given the green light to use Social Media to help collect debts. American Debt Collectors will now...
UK Business Credit Scores recovering well post pandemic
The latest research from Business analysts Experian has shown that on average, UK Business are recovering well post pandemic.The average Business credit score level...
HMRC asks for help ‘modernising’ business debt collection
The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods.The statement issued a couple of days...
