Credit, Collections & Insolvency News
The number of debt judgments registered against Northern Ireland consumers in the first half of 2021 (H1 2021) was 1,678, a fall of nearly 12 per cent from the 1,900 in the same period last year, according to figures released by Registry Trust. But, the total value of judgment debt owed by consumers rose by…
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The number and total value of judgments registered against Irish consumers saw very large percentage rises in the second quarter of 2021 (Q2 2021) compared to the same quarter last year, figures released by registrar Irish Judgments show. The number of judgments registered against Irish consumers in Q2 2021 was 307, an increase of 358…
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Here is an overview of The Money Charity’s latest statistics for July 2021 Personal debt in the UK People in the UK owed £1,721.3 billion at the end of May 2021. The average total debt per household, including mortgages, was £61,933 and per adult was £32,544, around 108.7% of average earnings. Net mortgage lending rose by…
Read moreA new report from the Centre for Social Justice has unveiled a partnership between bailiff firms and debt advice charities to help people in ‘severe’ debt, which is a third higher than before the pandemic began, The bold plans to strengthen protections for households facing a post-pandemic tidal wave of debt have been brokered by…
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Enforcement services specialist, Marston has been shortlisted as a top 20 organisation in the Investors in People’s (IIP) Platinum 250+ award category. The company was awarded Platinum IIP accreditation in 2020, a level that is achieved by only 2% of organisations assessed and demonstrates an organisation-wide, long-term commitment to consistently meeting the highest standards and…
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New research from Yolt has revealed that 8.7 million consumers (17%) are ‘financially stretched’ following the pandemic. Whilst one in ten (10%) expect to financially struggle in the next 12 months, despite signs of economic recovery, as many households continue to feel the financial impact of the pandemic. Yolt’s research has found that there are many experiences…
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Just, the enforcement market integrator has announced the appointment of Jonathan Branchett as Head of Enforcement Partnerships and Performance. Branchett joins the Just team from Bristow & Sutor, where hew was As the former Head of Enforcement. In his new role he will be responsible for managing the largest group of employed enforcement agents in…
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New analysis published in The Big Issue has revealed evictions and repossessions continued throughout lockdown, as campaigners called for urgent action to prevent an avalanche of homelessness this autumn once Covid-related support ends. The Big Issue has pointed to a potential four-pronged attack on the public in the autumn, with an end to the Universal…
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Latest figures from the Insolvency Service have indicated that personal insolvency numbers across England & Wales increased by 15.8% in June 2021. Personal insolvencies rose by 9,836 in June 2021 compared to May’s figure of 8,497, and were 18.8% higher than June 2020’s figure of 8,282. The figures show that there were 735 bankruptcies and…
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Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies numbers decreased in June. In June 2021 there were 163 personal insolvencies in which was 40% lower than June 2020 and 15% lower than June 2019. The figures consisted of 130 IVAs, 19 DROs and 14 bankruptcies. There were 11 business insolvencies…
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Enforcement specialist, Marston has announced the appointment of Steve Callaghan as Chairman of its board of directors. The appointment follows significant new investment from Inflexion Private Equity Partners and Intermediate Capital Group. Callaghan brings a wealth of experience in technology, transportation and sustainability, as well as leadership experience and commercial acumen to help Marston deliver…
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The High Court Enforcement Officers Association (HCEOA) has released new guidance on VAT. The HCEOA has written to all members with an updated recommendation regarding the treatment of VAT on High Court enforcement fees, ahead of expected new guidance from the UK Government. The HCEOA has recommended to all members that their treatment of VAT…
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Latest figures from the Insolvency Service have indicated that personal insolvency numbers across England & Wales fell by 14% in May 2021. Personal insolvencies numbers fell to 8,482 when compared to April’s figure of 9,864, and were 38.7% lower than May 2020’s figure of 13,838. The figures show that there were 1,525 DROs and 718 bankruptcies.…
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