The number of business decrees against Scottish businesses fell, by 44 percent, from 859 to 481 according to figures released by Registry Trust. However, the total value rose by 69 percent from just over £3 million to £5.1 million. As a result, the average value rose from £3,500 to £10,534, an increase of 200 percent.…

The number of decrees and total amount of debt registered against Scottish consumers fell sharply in the fourth quarter of 2020 compared to the same period last year, according to figures released by Registry Trust. The number of decrees fell by 27 percent from 4,984 to 3,654. The total value fell from £12.9 million to…

The number of debt judgments registered against Northern Ireland businesses fell by just over half (51%), from 232 to 113, according to figures released by Registry Trust. However, the total value of judgments against businesses rose by nearly 20 percent from £483,903 to £578,927. The average value of business judgments rose steeply, from £2,086 to £5,123,…

The number of debt judgments registered against Northern Ireland consumers in the fourth quarter of 2020 was just 699, a huge fall of nearly 60 percent compared to the 1,732 registered in the same quarter last year, according to figures released by Registry Trust. The total value of judgment debt owed in Q4 2020 fell…

The number and total value of judgments registered against Irish consumers saw a huge fall in the fourth quarter of 2020 compared to the same quarter last year, figures released by registrar Irish Judgments show. The number of judgments against consumers fell by 72 percent, from 618 to just 172. The total value fell by…

Scottish chartered accountancy practice Wylie & Bisset has expanded its business recovery and insolvency department with the appointment of the senior management team from MLM Solutions. The company has appointed former MLM Solutions Managing Director Maureen Leslie as a consultant while Barry Mochan joins on 1st February as Director and Personal Insolvency Practitioner and, in…

Judgments against Irish businesses fell from 234 to 62, a drop of nearly three quarters (74%), figures released by registrar Irish Judgments show. The total value registered against businesses fell by 62 percent, from €3.4 million to just €1.3 million. The average value of business judgments rose by 41 percent from €14,525 to €20,536. Mick…

The number of companies going into administration fell to historic lows during 2020, as the array of government Covid-19 support measures continue to provide a lifeline for those businesses who have been adversely affected by the pandemic. Analysis of notices in The Gazette by KPMG’s Restructuring practice showed that 1,112 companies went into administration over…

UK Finance has warned that home repossessions may surge tenfold in 2022 as coronavirus support measures come to an end, saying that while 2,900 properties were repossessed by lenders in 2020, this could rise to 22,300 in 2022. Around 81,300 households were in home loan arrears last year, but figures suggest this could climb to…