Sequestration limit change could lead to flurry of bankruptcies in Scotland

26th September 2022 Business | #bankruptcy

The reduction of the limit for sequestration proceedings at the end of this week (30th September), could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. The limit for pursuing sequestration will be lowered from £10,000 to £5,000. It was originally increased from £3,000 to…

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Azets appoints restructuring and insolvency Partner

26th September 2022 Appointments |

Azets has appointed Jonathan Amor as a Partner to lead the firm’s new restructuring and insolvency team for its Yorkshire offices. Amor specialises in helping companies experiencing financial distress or facing closure with restructuring and rescue options. He offers specialist advisory services to assist organisations in making better long term and effective, strategic business decisions.…

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Mini Budget tax cuts – industry reaction

26th September 2022 Consumer Collections |

Chancellor Kwasi Kwarteng announced a series of tax cuts and financial support in the mini budget on Friday (23rd September). The Chancellor announced changes to income tax and stamp duty, alongside plans to cut taxes for businesses in designated sites for ten years to support investment, jobs and growth, and cancelled the planned increase in…

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More than 1.1m renters hit with a increase in the past month

26th September 2022 Consumer Collections | #rent increase

Almost 1.1 million private renters in England, one in seven, have had their rent increased in the last month, a new report from Shelter reveals. The charity’s research shows millions of private tenants are stretched to breaking point: one in three (2.6 million adults)are spending at least half their household income on rent. And even…

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Indigo Cloud appoints Director of Business & Client Development

26th September 2022 Appointments |

Indigo Cloud has announced it has appointed Ian Simpson as Director of Business & Client Development where he will be defining new market strategies, driving sales, and overseeing client relationships. Simpson is a collection and recovery specialist who has been active in the industry since 1997 having worked for names such as Transcom, GE Money,…

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Ofwat calls for trials to help with cost of living

26th September 2022 Consumer Collections | #water bills

Water regulator, Ofwat is calling on water companies to trial creative and targeted ways in calculating customers’ charges to help make sure those who need support can get it. In the midst of cost of living concerns, the regulator is pushing companies to think differently about how they work with customers and develop models of…

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