Credit, Collections & Insolvency News
Nearly a third of tenants are struggling to afford their rent according to new data published by the Government’s English Housing Survey. The study has found that 29 per cent of tenants in the private sector surveyed in 2017/18 said they found it “fairly difficult” or “very difficult” to pay their rent. The remaining 71…
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Both the number and total value of small claims and High Court judgments in Northern Ireland have decreased in the first half of 2019 compared to the same period the previous year, according to figures released by Registry Trust. In the first six months of 2019 there were 3,721 defaults and small claims judgments. This…
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The number and total value of debt judgments in Jersey fell in the first half of 2019 compared to the same period 2018, according to figures released Registry Trust. There were 766 judgments registered in Jersey during HY1 2019, 14 percent fewerthan in the first six months of 2018. The total value of all judgments…
Read moreAccording to latest figures released by Registry Trust, during the first half of 2019, there were 9,310 debt decrees registered against Scottish consumers, the figures 29 percent lower than HY1 2018. There was a 33 percent decrease in the combined value of consumer decrees to £23.6million. The average value of all consumer decrees fell to…
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More women than men in England and Wales became insolvent in 2018, following a pattern which has been in place for several years, says insolvency trade body R3, commenting on the annual personal insolvency statistics released by the Insolvency Service. The statistics all showed that the total rate for personal insolvencies increased for the third…
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There were 1,160 judgments registered against consumers in Ireland during the first half of 2019 according to the latest figures released by Registry Trust. This is a 25 percent leap in the number of judgments, compared to the same period of the previous year which, at 930, was the lowest first half-year figure on record.…
Read moreEnforcement agency, Bristow & Sutor, has made a series of strategic appointments to its senior leadership leam, strengthening its technology, HR and sales divisions. The Redditch headquartered business has appointed Paul Lillico as Chief Technology Officer, Jodie Bromley as Group HR Director and Simon Hunt as Head of Sales. The new appointments come at a…
Read moreKirklees Council wrote off almost £6 million of bad debt during the financial year 2018-19 according to new figures released by the council. Whilst the figure appears high finance chiefs at the council have advised it reflects only a tiny percentage of the authority’s revenue. The largest write-offs from April 2018 to March 2019 were…
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The Government has announced a new breathing Space scheme which will protect Individuals and families struggling with problem debt. Under the new scheme, consumers will be given extra help and time to get their finances under control, City minister John Glen has revealed. The new plans will see the introduction of a 60-day Breathing Space…
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It has been announced that from 1st June, the process for complaining about enforcement agents (bailiffs) will be streamlined. The Civil Enforcement Association (CIVEA) will no longer review complaints on behalf of its members. With CIVEA no longer involved, all complaints about enforcement agents acting on behalf of local authorities will go straight to the…
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People are at risk from fraudsters masquerading as enforcement agents (bailiffs) and small businesses are a popular target, according to the civil enforcement industry’s trade body Civil Enforcement Association (CIVEA). The warning comes after CIVEA identified cases of fraudsters using the government’s public register of enforcement agents to demand payments for bogus government debts. The…
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The number and total value of small claims judgments in Northern Ireland dropped to record lows in the first quarter of 2019 compared to the same period the previous year, according to figures released by Registry Trust. There were 1,750 small claims judgments in the first three months of 2019, 22 percent fewer than in…
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New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q1 2019 was 24, 47.8% lower than in the first quarter of 2018. The rate of second charge mortgage repossessions (as a percentage of outstanding agreements) was 0.08% in the twelve months to March 2019.…
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