Forced to write off 7.5m in Bad Debt

MORE than £7.5 million in unpaid council tax and business rates will be written off.

Government scrap Insolvency reforms

Despite complaints from insolvency practitioners that staff and budget cuts at the Insolvency Service are allowing unscrupulous directors to escape justice

Local council writes off £230k of bad debt

PENDLE Council has had to write off more than £230,000 in unpaid debts.

Over 60 billion of Debt passed to Debt Collection Agencies

Consumer debt passed to Debt Collection Agencies(DCA’s) or sold to Debt Buyers has officially passed the £60 billion figure for the first time

Construction activity down by 10%

Activity in the UK construction sector was down 10.1% in the year to July, the Office for National Statistics said.
charity's plea to restrict council tax debt collection

Council seeking to recover over 5m of Bad Debt

Stoke-on-Trent City Council is currently talking to at least 13 debt collection firms over the recovery of 5m worth of debt

Office of Fair Trading vows to get tough

A new guidance from the Office of Fair Trading (OFT) is set to triple the amount that businesses can be fined for stepping beyond permitted competition boundaries.
bailiff action

HMRC admits errors in use of Private Debt Collectors

Well over half the complaints made against the taxman are upheld by HM Revenue & Customs’ own internal complaints system.

Consumers suffer BT Debt Recovery headache

CANCELLING a telephone and broadband package when out of the specified contract period should be relatively straightforward.

Base rate held as economy shows sign of improving

The Bank of England has voted to keep interest rates at 0.5% and hold fire on pumping any more money into the economy through its quantitative easing programme.