Debt Collection Services

Bankruptcy: untaken pensions can be used to pay creditors

Posted on: 04/05/2012 - Debt Collection Services

People declared bankrupt may have to use some of their untaken pensions to pay their debts, following a High Court ruling.

Number of businesses in financial distress up 24%

Posted on: 03/04/2012 - Debt Collection Services

The number of businesses facing critical levels of financial distress was 24% higher in the last quarter of 2011 than in same period in 2010.

Factsheet: Frequently asked Debt Collection Questions

Posted on: 22/03/2012 - Debt Collection Services

What's in a name?

Posted on: 15/03/2012 - Debt Collection Services

'Make sure you know who your debtor is, or you could end up in court!'

Do you need to take a stand over late payments?

Posted on: 29/02/2012 - Debt Collection Services

Late payment of invoices has become so serious that the Government has set up a working group to help tackle the problem.

OFT updates its guidance on debt collection

Posted on: 04/01/2012 - Debt Collection Services

The Office of Fair Trading (OFT) has updated its Debt Collection Guidance, which sets out the standards required of any business involved in recovering consumer credit debts.

Could you make a profit pursuing late payers?

Posted on: 01/12/2011 - Debt Collection Services

If handled properly, firms can turn credit control into a profit making operation by recovering unpaid money in a way that earns more than enough to cover the cost of pursuing bad payers. 

Bankruptcy petition threshold could rise to £3,000

Posted on: 05/10/2011 - Debt Collection Services

Debtors may soon have to owe £3,000 or more before creditors can petition for bankruptcy. The current level is £750.

Businesses failing to protect themselves against late payers

Posted on: 09/08/2011 - Debt Collection Services

Many businesses are failing to take simple steps that could protect them against late payers, according to research by the Institute of Credit Management (ICM).

Surge in number of firms facing critical difficulties

Posted on: 18/07/2011 - Debt Collection Services

There’s been a large increase in the number of firms facing critical difficulties, according to new research.

Struggling businesses could be "pushed over the edge"

Posted on: 02/06/2011 - Debt Collection Services

Struggling businesses could be ‘pushed over the edge’

Business failures decreasing but personal insolvencies still high

Posted on: 31/05/2011 - Commercial Litigation   |   Debt Collection Services

The number of companies going out of business in England and Wales fell dramatically last year, according to figures from the Insolvency Service

Businesses fear rising debts and falling profits

Posted on: 14/04/2011 - Debt Collection Services

New research has revealed that businesses are becoming increasingly worried about the twin problems of rising debts and falling profits.

Widespread welcome for reforms to Debt Relief Orders

Posted on: 14/04/2011 - Debt Collection Services

Charities and the insolvency industry have welcomed proposals to reform Debt Relief Orders (DRO).

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