UK debt collections

MAY 20, 2022

The paperwork also revealed Mr Johnson had an outstanding loan of £100,000 from Rhino TV and had been asked to provide a sworn statement of his assets, liabilities, income and expenditure. The document, filed at Companies House, also revealed liquidators had reported Mr Johnson to the Department of Business, Energy and Industrial Strategy.

Unsecured Creditor 59

Unsecured Creditor Debt Recovery Creditors Retail 59

Fraser

JULY 7, 2020

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. In some instances, this means the possibility of foreclosure.

Lender 41

Lender Foreclosure Bankruptcy Loans 41

Debt RR

DECEMBER 13, 2019

Many businesses are both debtors and creditors. Refinancing typically lowers monthly payments and interest rates in exchange for lengthening the timeframe of the loan. Just like individuals, businesses often have mortgages, vehicle loans, and other secured loans. Past-Due Secured Debt.

Chapter 7 bankruptcy 43

Chapter 7 bankruptcy Bankruptcy Creditors Retail 43

Troutman Sanders

JULY 5, 2023

On June 29, the OCC, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration jointly issued a final policy statement on commercial real estate loan accommodations and workouts. For more information, click here. The bill becomes effective on July 1.

Financial services 52

Financial services Financial Institution Credit Unions Credit Unions 52

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

JUNE 21, 2023

On June 20, the Federal Trade Commission (FTC) sent letters to 50 online marketplaces nationwide, notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — as soon as it takes effect on June 27.

Financial services 52

Financial services Collection Agencies Collections Agency Trade 52

Fico Collections

MAY 19, 2021

Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. It’s quick and sometimes easy, with credit cards and loans being the easiest prey today. Whether an online bank or a telco financing costly devices, these organizations all face similar challenges.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

MAY 19, 2021

Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. It’s quick and sometimes easy, with credit cards and loans being the easiest prey today. Bust-out fraud , also known as hit and run, can happen on many types of financial services.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52