UK debt collections
AUGUST 3, 2023
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation. The situation has caused chaos for consumers. However, there is hope on the horizon as a potential buyer has emerged.
PBWT
JULY 20, 2021
Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports. The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Glove, Inc. ,
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FFGN COLLECT NY
OCTOBER 27, 2020
An issue that comes up time and time again in debt collection settlements is whether parties can continue doing business together even though the creditor has placed the account for collection. Now that a debt collection attorney is involved, can the parties move forward and conduct new business? Yes, definitely.
UK debt collections
JANUARY 11, 2023
The firm has now gone into liquidation with claims from creditors totaling £1,143,262. But this means creditors are likely to be short of £987,310. The £32,060 that is collect-able in assets will be used to pay 32 employees owed £83,060, including pension contributions, as preferential creditors.
UK debt collections
JUNE 26, 2023
Data from the Insolvency Service yesterday showed that 2,552 companies were declared insolvent last month, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up the business without a formal court order. Year after year, late payment has been seen to kill off Small Businesses cash flow.
Credit Management Company
JUNE 4, 2019
Everything from waste and inefficiency to poor sales and conversions can cause this problem, but the failure of clients or customers to pay what they owe is a unique issue with a clear and effective solution: professional debt collection. Types of Businesses that Benefit from Debt Collection. Return on Investment.
UK debt collections
JANUARY 26, 2023
Winding Up Petitions issued by company creditors, meanwhile, which represent a serious harbinger of approaching financial distress, stood at 576 during Q4 2022, an increase of 131 per cent from Q4 2021.
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