Corporate insolvencies have risen by over 15% since last month and personal insolvencies are up by nearly 5% The number of registered company insolvencies in October 2022 was 1,948: 38% higher than in the same month in the previous year...
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The Debt Respite Scheme is the official name for Breathing Space, a government programme that grants those individuals in debt a break from the stress of missed payments and a chance to catch up financially. If you’re struggling to pay off your...
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High insolvency rates are driven by the increasing number of CVLs, Compulsory Liquidations and Administrations The number of registered company insolvencies in August 2022 was 1,933: 43% higher than in the same month in the previous year...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in July 2022 was 1,827: 67% higher than in the same month in the previous year (1,096 in July 2021), and 27% higher than the...
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Grigorijs Hacaturjancs, the director of online hair and beauty business Beauty & Melody Shop Ltd, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. Beauty&Melody Shop Ltd was...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in June 2022 was 1,691: 40% higher than in the same month in the previous year (1,207 in June 2021), and 15% higher than the...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in May 2022 was 1,817: 79% higher than in the same month in the previous year (1,014 in May 2021), and 34% higher than the...
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The Insolvency Service has taken a tough stance in two recent cases where Bounce Back Loans have been abused. In separate applications, Junaid Dar (31), from Birmingham, and David Michael Godderidge (40), from Tamworth, falsely applied for...
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Are Buy Now Pay Later (BNPL) products a savvy way of managing your money and buying what you want or a way of getting you into debt? Buy now pay later (BNPL) is a service that allows consumers to shop online and place and receive orders while...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in April 2022 was 1,991: More than double the number registered in the same month in the previous year (925 in April 2021), and...
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