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New powers used by Insolvency service to ban covid-loan abusers

UK debt collections

Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors. These could include unpaid debts to suppliers, customers and HM Revenue & Customs.

Loans 59
article thumbnail

New powers used by Insolvency service to ban covid-loan abusers

Collection Industry News

Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors. These could include unpaid debts to suppliers, customers and HM Revenue & Customs.

Loans 40