Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have indicated that personal insolvencies in England & Wales fell by 3.2% to 9,372 in November 2021 compared to 9,678 in October 2021, and were 0.4% higher than November 2020’s figure of 9,339. There were 2,054 DROs and 630 bankruptcies in November 2021 in England & Wales. The number…
Read more
Enforcement specialist Bristow & Sutor has scored 100% score in a recent audit by the Civil Enforcement Association (CIVEA). Trade association, CIVEA represents enforcement firms across England and Wales. All members, including Bristow & Sutor, are required to follow a strict code of conduct, which exceeds statutory requirements and the National Standards. This code aims…
Read more
Enforcement solutions specialist, Marston Holdings has announced that it has won a place on Crown Commercial Service’s Transport Technology and Associated Services (TTAS) framework. The new framework runs through to 31st October 2025 and makes it easier for government and public sector organisations to procure Marston’s full range of design, build and enforce solutions that…
Read more
Latest figures from the Insolvency Service have indicated that Personal insolvencies fell by 3.0% to 9,668 in October 2021 compared to 9,966 in September 2021, and were 19.2% lower than October 2020’s figure of 11,960. There were 601 bankruptcies were registered, which was 44% lower than October 2020 and 57% lower than October 2019. The…
Read more
The number of landlord possession actions for all court stages have increased compared to the same quarter of last year but remains significantly reduced in comparison to the same quarter in 2019 according to the latest Ministry of Justice (MOJ) statistics. As a result of coronavirus and associated policy actions, all landlord possession actions have…
Read more
Mortgage arrears continued to fall to near historic lows, with the government’s Coronavirus Job Retention Scheme remaining in place until September. according to the latest UK Finance statistics. Possessions meanwhile have slightly risen in absolute terms, off a low base, as the courts work through a backlog of cases that built up during the possessions…
Read more
Homeowners hit by the pandemic are now losing their homes, evicted by banks in court hearings, a joint probe by Money Mail and The Bureau Of Investigative Journalism has found. The ban on bailiff-led evictions was extended until the end of May in England and the end of June in Wales. But the research has…
Read more
The winners of the 2021 Credit & Collection Technology Awards have been announced following a live in-person event yesterday (Thursday 4th November) at the Midland Hotel in Manchester. The awards are the flagship event for innovational technological professionals working in credit and collections and the fifth annual event honoured the UK’s technological innovators, celebrating outstanding…
Read more
Here is an overview of The Money Charity’s latest statistics for October 2021 Personal debt in the UK People in the UK owed £1,745.7 billion at the end of August 2021. The average total debt per household, including mortgages, was £62,813 and per adult was £33,006, around 108.9% of average earnings. Net mortgage lending rose by…
Read moreThe Credit & Collections Technology Think Tank has confirmed its agenda and speaker line-up ahead of the event in-person event at the Midland Hotel in Manchester on Thursday 4th November. The launch of the event follows on from the successful launches of the Online Collections Technology Think Tank and the Online Lending Technology Think Tank…
Read more
The number of debt judgments registered against Northern Ireland consumers in Q3 2021 was 755, a rise of 24 percent from the 608 in the same period last year, according to figures released today (14.10.2021) by Registry Trust. But, it is worth noting that numbers are still well below the highs seen before Covid struck.…
Read more
The number of decrees and the total amount of debt registered against Scottish consumers saw large rises in Q3 2021 compared to the same period last year, according to latest quarterly figures by Registry Trust. The number rose from 2,805 to 3,487 in Q3 2021, a rise of nearly one quarter from Q3 2020. The…
Read more
The number and total value of judgments registered against Irish consumers saw large rises in Q3 2021 compared to the same quarter last year, figures released by registrar Irish Judgments show. The number of judgments registered against Irish consumers in Q3 2021 was 233, an increase of 85 percent on the 126 seen in the…
Read more