Crackdown on debt dodging directors

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Directors determined to dodge debts by dissolving companies face disqualification and fines under a new government crackdown. The government has come forward with new proposals to raise standards in corporate governance by cracking down on […]

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Retailer insolvency – Playing your cards right

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There are repercussions for users of Credit cards and gift cards where a retailer becomes insolvent. Sam Hawkins explains. Retailer insolvency has been on a noticeable increase recently with high profile cases such as Toys […]

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Why Should I Choose a Members’ Voluntary Liquidation?

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A Members’ Voluntary Liquidation (MVL) of a company can be a sensible route to winding up a company in certain circumstances. It is often the case that a company which is perfectly solvent and has […]

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Good moves to cut bad credit card debts

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The Financial Conduct Authority (FCA) has told credit card providers they must do more to help people with persistent credit card debt. The financial watchdog has introduced new rules that take effect from 1 March 2018, but has given credit […]

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Insolvencies rise as margins are squeezed

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The latest statistics for insolvencies in England and Wales covering the last quarter for 2017 reflect a difficult year for companies and individuals. The Association of Business Recovery Professionals, R3, have highlighted a number of […]

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New clampdown on high-cost credit planned

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The Financial Conduct Authority (FCA) is considering a clampdown on companies that provide high-cost credit to consumers. This could include imposing a cap on interest rates charged. Such a move would be a follow up […]

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Carillion collapse causes chaos for creditors

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With Carillion Plc being put into compulsory liquidation, what can businesses that rely on income from the construction and facilities management group do? The collapse of Carillion will have wide-ranging implications for the public and […]

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End of surcharges is on the cards

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From 13 January 2018, businesses will no longer be able to add any surcharges where a customer pays by credit or debit card, following an EU directive banning surcharges on Visa and Mastercard payments. However the government has […]

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New Commissioner helps small firms with slow payers

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Small firms struggling to deal with business customers who are slow payers have new help in the form of a small business commissioner. The government says that a third of payments to small firms across […]

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Debt Breathing Space scheme proposed

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It is being proposed by the government that individuals with serious financial problems could be given up to six weeks’ debt breathing space from further interest, charges and enforcement action. The Government is consulting on a […]

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