UK debt collections

JULY 25, 2022

The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes.

Loans 59

Loans Customs Official Government Trade 59

Collection Industry News

JULY 25, 2022

The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes.

Loans 40

Loans Government Customs Official Trade 40

UK debt collections

DECEMBER 16, 2021

The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities. These new powers will extend the Insolvency Services ability to investigate and punish rogue directors who are found to be abusing the company dissolution process.

Government 59

Government Creditors Loans Banks 59

Hudson Weir

JUNE 25, 2022

When trying to tackle major debts, a company may opt to go into administration in order to manage the journey out of insolvency. It’s a tried and tested debt solution, falling under the Insolvency Act 1986 , during which creditors cannot take legal action against the company. and provide background to this area of insolvency.

Banks 52

Banks Creditors Trade Financial services 52

Debt Free Colorado

MARCH 3, 2023

When it comes to the power of bankruptcy and how it can provide you with a new financial start, we are delighted to answer your inquiries and assist you in making an informed choice. Chapter 7 is known as liquidation in bankruptcy legislation. The unfortunate fact is that some of these services are frauds.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Hudson Weir

JUNE 5, 2021

A lot depends on why you are winding up an incorporated company – for example: Winding up due to insolvency Closing a business voluntarily Facing liquidation following a creditor’s petition Striking off your company due to a cessation of trading. In an insolvency situation or liquidation, you won’t file a DS01 form.

Creditors 52

Creditors Trade Government Loans 52