Credit, Collections & Insolvency News
Wilkin Chapman Solicitors has completed the take-over of Silke and Co, a Doncaster-based business solutions company. In acquiring Silke & Co., Wilkin Chapman solicitors will be expanding its work in the area of recoveries – a team headed up by Partner Chris Grocock. The new Doncaster branch will be known as Wilkin Chapman Business Solutions…
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Ofgem has confirmed that Solarplicity Supply, an energy supplier with around 7,500 domestic customers and less than 500 business customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of Solarplicity’s customers will continue and prepayment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected.…
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New figures released by UK Finance has shown that whilst the numbers of homeowners in arrears have remained at a historic low there has been an increase of 15% (1,270) in the number of repossessions in the second quarter (Q2) of 2019. UK Finance said repossessions were still well below levels experienced between 2009 and…
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Mortgage repossession claims from Lenders have risen 39 per cent from Q2 2018 to Q2 2019, according to new data collected by the Ministry of Justice (MOJ) surging to its highest rate since 2014. The increase represents the fourth consecutive month in which mortgage possession claims rose, reaching 6,179 in Q2. The research also shows…
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The finalists for the third annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect and hosted at the Credit Services Association’s UK Credit and Collections Conference, brings together credit and collections technology executives to honour the industry’s…
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Latest figures from the Insolvency Service have shown that the number of individuals entering a personal insolvency procedure has increased and shows few signs of slowing as the rolling 12-month insolvency continues to rise, representing the highest Quarter 2 (Q2) figure since 2010. following an 8 year high in Q4 2018. This was driven by…
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The Civil Enforcement Association (CIVEA), which represents all the major civil enforcement agencies along with a number of independents, is to host a conference on Thursday, 19th September at Banking Hall, Cornhill, London. The one-day event will include a conference and exhibition and will be free to delegates drawn primarily from local authorities. A capacity…
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RSM is predicting that official figures, due to be published next Tuesday, will show a 9 per cent rise in personal insolvency rates in England and Wales in quarter two when compared to the same quarter last year. The data from Tracker, RSM’s early online warning system, predicts that total insolvencies for the quarter will reach…
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£10.5 billion was spent on credit card purchases in June 2019 according to the latest figures from UK Finance. Credit card spending was 1.1 per cent higher than the same month in 2018 whilst the outstanding level of credit card borrowing grew by 4.0 per cent in the 12 months to June. Repayments have remained…
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The number of County Court judgments (CCJs) issued against consumers in England and Wales in the first half of 2019 rose just three per cent, to 586,765, compared to the same period of 2018, according to latest figures released by Registry Trust. First half-year judgment numbers were rising every year since 2012’s record HY1 low…
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The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland rose by 7% in April-June 2019 compared with the previous quarter (January-March 2019), and rose by 9% compared with the same quarter the previous year (April-June 2018) according to latest Accountant in Bankruptcy (AiB) statistics. The figures showed that there were 3,520 personal…
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The government has announced that it will become compulsory for High Court Enforcement Agents and certificated enforcement agents to wear body-worn cameras. The Government says that while the vast majority act professionally and within the rules, there are concerns that some bailiffs continue to employ intimidating tactics that put both themselves and often vulnerable consumers…
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Enforcement agency Bristow & Sutor has hailed the impact of the Independent Advisory Panel it has established to oversee its operations and challenge all aspects of the business to meet the highest standards of ethics and compliance. Established in September 2018, the Panel is chaired by industry expert, Anthony Sharp, who is joined by four…
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