Credit, Collections & Insolvency News
Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 7,412 personal insolvencies in Scotland in the year 2024-2025. This was a decrease of 8.3% from 2023-2024’s figure of 8,082, and a decrease of 7.4% on 2022-2023’s figure of 8,001. Quarterly figures (Q4, 2024-25) showed that there were 1,673 personal insolvencies…
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Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 1,175 corporate insolvencies in the year 2024-2025. This was a slight increase of 0.6% from 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132. Separate quarterly figures (fourth quarter 2024-25) showed that registered companies becoming insolvent…
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MPs, Government Department Officials and supporting organisation in Parliament have joined a call for urgent changes that would support a fresh financial start for in-debt survivors of domestic, economic and digital abuse so they are better protected. The roundtable, hosted and chaired by Emily Darlington MP, focused on the Persons At Risk of Violence (PARV) order process – the…
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Later life mortgages specialist, LiveMore Mortgages has announced that it has appointed Ian Sturla as its new Risk Lead. Sturla brings more than 16 years of experience in the financial services industry, having held senior positions across lending and risk at businesses such as Lloyds Bank, Coutts and most recently C. Hoare & Co.. For…
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