Tag: bankruptcy
Late payment is the silent assassin of UK Businesses
According to research from Bacs, more than 50,000 British small firms are closing every year, being owed £14.2bn in unpaid debt. Getting clients to pay...
Debt management directors banned after causing public distress
Following an in-depth investigation by the Insolvency Service, Stephen Anthony Wooley and Kevin John Dursley, Directors of a debt management business were banned. The investigation...
Brit facing life sentence for unpaid cheques
Essentially life in prison in the UK or Europe is usually related to a serious violent crime, this is not the case in Qatar....
Rise of Business insolvencies expected in 2018
New statistics were released by The Insolvency Service on business insolvencies. These statistics demonstrate: • Company insolvencies increased in the last Quarter of 2017 because...
British Businesses facing liquidation hits a four-year high
With one in every 213 companies falling in to liquidation last year, British businesses bankruptcy has hit a four year high. Official figures which were...
Scots facing 2015 debt crisis
As many as 1,000 companies will fold and 12,000 Scots will be facing bankruptcy in 2015, a expert report has predicted.
Respected Business advisers BDO state that many...
Proposals could see bankruptcy period extended
Individuals declaring bankruptcy could be facing tougher measures by way of extended bankruptcy periods from 1 to 3 years if new proposals are accepted. R3,...
Debt Collectors threaten to enter big brother house
Debt Collectors have apparently threatened to enter the Big Brother House to serve failed pop star 'Dappy' with bankruptcy papers. The former N-Dubz star now...
Essex Bankrupt sent to Prison for non-disclosure
Isabelle Gold, a bankrupt, has been sentenced to two months imprisonment, suspended for 12 months, and 200 hours of unpaid paid work at Southend-on-Sea Magistrates' Court
Company insolvencies at five-year low
The number of companies going bust in England and Wales has dropped to its lowest level since the end of 2007.