Credit, Collections & Insolvency News
The Money Advice Service has announced that the first Standard Financial Statement (SFS), will go live on 1st March 2017, marking the beginning of a transition period during which creditors and debt advice providers will move to using the new format. This will be the first time that all major debt advice providers, creditors, and other…
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The latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2016) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies were lower than the previous quarter and also decreased on the year This decrease was mainly driven by a decrease in compulsory…
Read moreThe latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2016) reveal that Personal Insolvency numbers have gone up. The main findings of the report were: Total individual insolvencies increased for the fourth consecutive quarter, driven primarily by an increase in individual voluntary arrangements Debt relief orders also increased, because of…
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