Credit, Collections & Insolvency News
The NACFB has a new training and education programme which has now been established for a few months, so we can see how enthusiastically it is being taken up by our members. One thing we have had to bear in mind when preparing a set of exams for members is that the topics have to be…
Read moreFollowing a period of sustained focus on payday lenders, it seems the time has come for rent-to-own firms to face the music. Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA), made clear that price caps would not be the first measures he’d be likely to take, but were a possibility: “The price cap is…
Read moreRent to own services, logbook loans and guarantor loans should be included in the FCA’s payday loan cap – and new rules introduced to provide added protections for customers including full checks to make sure people can afford to pay back what they have borrowed says Citizens Advice. The Financial Conduct Authority has today launched…
Read moreScottish laws on insolvency have been brought together for the first time in a generation as the new Bankruptcy (Scotland) Act 2016 comes into force. The Act captures all of the amendments made to the primary legislation governing bankruptcy in Scotland, the Bankruptcy (Scotland) Act 1985, including the wide-ranging reforms introduced in April 2015 through…
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Over three quarters (76%) of small and medium sized businesses (SMEs) have written off unpaid debts in the past year, according to new research by Amicus Commercial Finance. The average amount written off by UK SMEs in the last year is £11,708, representing just under £50 billion in written off debts, or £134 million every…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 07200375 LIMITED 36 ST. JOHN’S WOOD ROAD LTD A-BELCO (HOLDINGS) LIMITED A-BELCO LIMITED A. T. R. MEDIA LTD ADNAMS BIO ENERGY LIMITED ALDERDALE FIXING SYSTEMS LIMITED ALISON’S COFFEE SHOPS LIMITED AMERICAN APPAREL (CARNABY) LIMITED AMERICAN APPAREL (UK) LIMITED ARLEY HOMES NORTH…
Read morePetitions have been issued and advertised in the London Gazette for the following companies: 09232330 LIMITED 09247724 LIMITED 1ST RESET LIMITED 2 BRIDGE STREET LIMITED 519 CONSULTANCY LIMITED A A COM LIMITED A S HANUSCHI SERVICES LTD A1 COMMERCE HOLDINGS LIMITED AB CARRIAGE LIMITED ACCIDENT REPAIR CENTER LTD ADVISORY SERVICES LONDON LIMITED AFFECTIVE LOGIC LIMITED…
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Ofgem has chosen Co-operative Energy to take on supplying GB Energy Supply’s customers. The company will honour all outstanding credit balances for both current customers, and for past customers of GB Energy Supply who are still owed money. For current customers any credit on their account will be used to offset future energy use. The…
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