Credit, Collections & Insolvency News
Business advisory and restructuring house, ReSolve is expanding its business with the appointment of Myles Jacobson as Partner. Jacobson will help to further develop ReSolve’s business advisory and restructuring services. A licensed insolvency practitioner, Jacobson has over twenty-five years’ experience of restructuring and business recovery, advising businesses across a wide range of sectors including automotive,…
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New research by MoneySuperMarket has revealed the financial impact of Covid-19 on middle-aged consumers with responsibilities for adult children and elderly parents. The financial role played by the ‘sandwich generation’ is well-known, with 50% of this group supporting their adult children (43%), or both their adult children and elderly relatives (7%). In pre-pandemic times, the sandwich…
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HMRC has spent more than £84 million on private Debt Collection Agencies (DCAs) in the three tax years to 2019/20 according to new figures. The figures show that HMRC spent £32 million on DCAs, with £1.71 million being spent on final opportunity letters. In 2018/19, HMRC spent £26 million on DCAs, with £1.3 million being…
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