Credit, Collections & Insolvency News
The Government has announced that it intends to reinstate the temporary suspension of the use of statutory demands and winding-up petitions, extending the measures until 31st March 2021. On 25th November the government announced it intends to reinstate the temporary removal of the threat of personal liability for wrongful trading from directors until 30th April…
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A new paper jointly authored by risk consultancy business Wiserfunding and invoice insurance business Nimbla has claimsed that ‘unsustainable debt’ is accelerating the growth of a credit bubble. The company’s warn that the Government’s current economic strategy will exacerbate the problem, and call for alternative measures to aid the UK’s recovery. While SMEs’…
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UK Finance has extended the Authorised Push Payment (APP) C for a further six months until 30th June next year. A group of seven signatories has agreed to extend the code which compensates eligible victims of APP scams where the customer, sending and recipient banks have met the standards expected of them . The Code,…
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Predatech, a cyber security company with a focus on the financial sector, has launched to help protect businesses against the growing cyber threat. According to the Government’s Cyber Security Breaches Survey 2020, cyber attacks are becoming more frequent and sophisticated, with 46% of businesses reporting having a cyber security breach or attack in the last…
Read moreNearly four in ten (37%) self-employed people surveyed expect it to take more than a year before their income returns to pre-Covid levels, while a tenth doesn’t expect their income to recover at all, according to new research from the Money Advice Trust. The charity is calling for the Government to introduce a Covid-19 ‘Self-Employment…
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In the first three quarters of 2020, older homeowners used their property wealth to gift over half a billion (£530 million) or around £59 million per month to family and friends, new analysis from Key. Help with housing deposits and early inheritances were the main consistent drivers behind this generosity. Over-55s were most generous in…
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Data On Demand, the Leeds based consumer data specialist for verification, identification and communication, has announced the appointment of Simon Gregory as its Sales Director. Gregory has been brought on board to continue the strong growth across all sectors. He joins the business with a strong background in consumer data, having spent the past seven…
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