Credit, Collections & Insolvency News
Garfield AI (Garfield), the world’s first AI-powered law firm authorised and regulated by the Solicitors Regulation Authority, has helped a freelancer win a small debt claim at trial. This marks the first court trial won with the support of a regulated AI lawyer anywhere in the world. The win is a landmark moment for legal…
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UK households are now spending an average of £64.52 a month, around £774 a year, just to stay connected, according to new research commissioned by Go Compare. The study found that around four in ten (41%) households are paying for at least one subscription they are not fully using, highlighting how unused and forgotten services are…
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A banned company director who spent £300,000 of Covid support on family holidays, private school fees, and other personal spending has been jailed. Steven Brookes used funds from six fraudulently obtained Bounce Back Loans to pay for a trip to Disneyland, a holiday rental in Tenerife, and an Audi with personalised number plates for his wife. The 40-year-old also paid £7,000…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell to 1,868 in May 2026, 10% lower than in April 2026 (2,087), and 16% lower than the same month in the previous year (2,231 in May 2025). The insolvencies consisted of 285 compulsory liquidations, 1,423 creditors’ voluntary…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies fell whilst business insolvencies increased in Northern Ireland in May 2026. The data showed that there were 140 personal insolvencies; this was 37% higher than in May 2025. There were 99 IVAs, 20 bankruptcies and 21 DROs. There were 30 business insolvencies, 43% lower…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland decreased in May 2026. The data showed that there were 100 business insolvencies registered in Scotland, 25% lower than the number in May 2025. The business insolvencies comprised 51 CVLs, 40 compulsory liquidations, seven administrations and two CVAs. There were no…
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Latest monthly figures from the Insolvency Service for England & Wales for May 2026 indicate that there were 11,223 personal insolvencies, 2% higher than April 2026 but 10% higher than in May 2025. Personal insolvencies in May were 10,955. Personal insolvencies were 10% higher in May 2026 compared to the same month in 2025 when…
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Enforcement agents have criticised a recent segment on Good Morning Britain (GMB), warning that the inflammatory language used risks escalating violence towards workers on the ground. Amy Collins, the new President of the Civil Enforcement Association (CIVEA), the principal trade body representing the sector, published a response to the programme (which aired on 17 June)…
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