Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown the number of business insolvencies in England and Wales increased by 1% in August 2026 when compared to the previous month, with 1,946 cases compared to 1,934 in July. August’s figure was 3% lower than the same month in 2025, when there were 2,007 cases. The number…
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Latest monthly figures from the Insolvency Service for England & Wales showed that personal insolvencies decreased by 2% in August 2026 compared to the previous month, with 11,644 individuals entering insolvency in England and Wales. This was similar to July 2026 and 3% higher than in August 2025. The personal insolvencies consisted of 725 bankruptcies,…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in August 2026. There were 73 company insolvencies registered in Scotland, down 23% from August 2025. The business insolvencies comprised 30 CVLs, 35 compulsory liquidations and eight administrations. There were no CVAs or receivership appointments.
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Latest data from the Insolvency Service has shown that personal insolvencies increased whilst business insolvencies fell in Northern Ireland in August 2026. The data showed that there were 140 personal insolvencies; this was 4% higher than in August 2025. The insolvencies comprised 117 IVAs, 16 DROs and seven bankruptcies. Business insolvency data showed that insolvencies…
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There comes a point in utility debt recovery where the conversation changes. At the start, it is usually about arrears, contact attempts, payment reminders and customer engagement. Those are familiar areas for any credit or collections team. But when an unpaid commercial utility account reaches the stage where temporary disconnection may be considered, the process…
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Opus Advisory Group has announced the promotion of Mark Boast to Partner within its Restructuring & Insolvency division. Boast has nearly two decades of experience advising businesses, lenders and stakeholders across a wide range of complex restructuring and insolvency matters. Since joining Opus in 2022, he has played a key role in supporting clients and…
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New analysis from debt advice provider PayPlan has found that the average person seeking debt advice in 2026 is juggling 10 separate unsecured debts (such as credit cards, personal loans and overdrafts) totalling £22,717 – and is left with just £194 a month once essential living costs are met. The findings, drawn from 24,406 people…
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