Credit, Collections & Insolvency News
Debt Charity StepChange is marking 30 years of helping people deal with their debt problems. Originally known as The Consumer Credit Counselling Service (CCCS), StepChange was set up in 1993 and has since helped over 7.5 million people. To mark the anniversary, StepChange has published a new report reflecting on what the organisation has achieved over the…
Read more
Latest quarterly figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased by 13.3% compared with Q3 2021-2022. The number of corporate insolvencies (liquidations and receiverships) in Scotland for Q3 2022-2023 increased by 0.7% compared with the previous quarter (July-September 2022). Commenting on the Scottish Insolvency Statistics,…
Read more
Aberdein Considine has strengthened its Lender Services Practice Group (LSPG) with the appointment of Zarvin Vandrewala as a new Partner in the firm’s Banking Litigation team (part of LSPG). Vandrewala has over 11 years’ experience dealing with complex litigation matters, advising financial services organisations on a range of issues. He will join the LSPG team…
Read more
Small firms’ confidence in the final quarter of 2022 plunged to a depth almost on a par with that measured during the second Covid lockdown two years previously, new research from FSB has found. The Small Business Index (SBI)’s headline confidence figure in Q4 2022 fell to -46 points, down from -36 points in Q3…
Read more
New research by The Deposit Protection Service (The DPS) has found that rents rose again during Q4 2022. The DPS quarterly Rent Index reveals how average rents in Q4 2022 were £903: an increase of 1.57% (£14) since the previous quarter and 8.27% (£69) since the last quarter of 2021. The report also highlights how rent…
Read more
Around 8.6 million people in the UK have used fake, fraudulent or someone else’s identity in person or online to gain access to goods, services or credit, according to independent research by GBG, the digital identity experts. The findings have been released following the return to Parliament of the delayed Online Safety Bill, a new set…
Read more
The number of first-time buyers fell by 11%, to 362,461, in 2022 compared to the year prior, according to new analysis from Halifax. However, first-time buyer levels remained higher than pre-pandemic, with the number getting on the housing ladder in 2022 higher than any previous year, other than in 2006 and 2021’s record spike. In…
Read more
New data from Account in Bankrupcy (AiB) has revealed a quarterly and yearly fall in Scottish personal insolvencies. Overall there were 1,966 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in 2022-23 Q3. This is a decrease of 4.9% when compared with 2021-22 Q3. The number of personal insolvencies (bankruptcies and protected trust deeds) in…
Read more