In a recent press release, The Money Advice Service (MAS) announced that the first Standard Financial Statement (SFS) will go live on 1st March 2017
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Figures from the Registry Trust (the non-profit organisation which collects judgment information from jurisdictions across the British Isles) showing the number of debt judgements in the first half of 2016 show a continuation of diverging trends for businesses and individuals.
An increasing number of consumers are defaulting on payments even though they have sufficient funds to cope, according to recent research.
Last year we put in excess of £35 million back into our clients pockets... To read about how we attained these results and continue to provide this level of service, please click here ....
A consultation paper on how the statutory framework around late payment can be changed to help SMEs was released today. Led by the Minister for Small Businesses, Anna Soubry, the paper's proposals make it easier for SMEs to take...
Recognised by The Legal 500 and Chambers and Partners as one of the leading names in the industry, Judge & Priestley was formed in 1889. For 25 years, J&P Credit Solutions has worked closely alongside key utility providers. To read more about...
Recognised by The Legal 500 and Chambers and Partners, Judge & Priestley has worked within the insurance industry for some of the largest car insurers for the last 25 years. J&P Credit Solutions specialises in the recovery of subrogated ...
Recognised by The Legal 500 and Chambers and Partners as one of the leading names in the industry, Judge & Priestley was formed in 1889. For 30 years, J&P Credit Solutions has provided specialist services to the...
Recognised by The Legal 500 and Chambers and Partners as one of the leading names in the industry, Judge & Priestley was formed in 1889. From its inception a fundamental part of the firm's practice was the provision of debt recovery services. The...
J&P Credit Solutions currently act on behalf of a number of local authorities in various debt recovery capacities such as recovery of service charges and sundry debt. Often clients enquire about the procedure involved in serving proceedings outside of...
Judge & Priestley are delighted to announce that once again they have received excellent results for 2015 with six of their lawyers recommended as experts in the Legal 500 this year. The annual directory benchmarks the quality of the legal profession...
“ The sun, - the bright sun, that brings back not light alone, but new life, and hope, and freshness to man - burst upon the crowded city in clear and radiant glory.” With the sun in our eyes and a spring in our steps, on 18 th May 2015...
Court Fees set to Increase from 9 March 2015 Back in April 2014 we informed you of the substantial changes which were taking place in relation to the funding of the court system in England and Wales. The rationale for the changes provided by the...
Large and listed firms may soon have to publish details about their payment practices under proposals being drawn up by the government. Companies will have to provide information about their average payment time and the proportion of invoices paid beyond...
The number of administrations in the retail sector dropped by 35% in 2014, according to the latest figures. The figures, released by business advisory firm Deloitte , show that there were 119 administrations in the retail sector in 2014, compared with 183...
The government has announced plans to make it easier for financially vulnerable people to enter into a Debt Relief Order (DRO). A DRO is a cheaper alternative to bankruptcy for people with few assets and a low income who have a debt they are unable to pay. ...
The government has been criticised for failing to adhere to its own guidelines with regards to prompt payments to small and medium-sized enterprises (SMEs). It had previously committed to pay at least 80% of invoices from SMEs within five working days....
The number of firms experiencing cash flow problems remained low during the second half of 2014, according to a report from Lloyds bank. The Business in Britain report included a survey of 1,500 small and medium-sized businesses, which revealed that 17%...
A proposed 5% increase in court fees could deter small businesses pursuing claims for late payments, according to the Bar Council, which represents barristers in England and Wales. The Ministry of Justice is planning to impose a 5% blanket fee on businesses...
A High Court judge has ruled that the untouched pensions of a man in bankruptcy could not be accessed in order to pay off his creditors. That is in direct contradiction to a ruling by another High Court judge in 2012. This case involved a man who had three...
A leading accountancy firm has estimated that companies and organisations in the UK could be losing up to £200m as a result of ‘shadow insolvencies’. A ‘shadow insolvency’ is a term for when a company becomes insolvent but...
The number of tenants in rent arrears fell from September to October and is just 0.3% above the all-time low. The Quarterly Tenant Arrears Tracker report carried out by Your Move and Reeds Rains showed that just 6.9% of tenants were in arrears on their...
Insolvency trade body R3 has called on the government to raise the bankruptcy threshold level and review the whole personal insolvency process. Currently, an individual can be declared bankrupt if they owe as little as £750 if their creditors are...
Nearly 250,000 SMEs in the UK are suffering ‘significant financial distress’ according to the latest Begbies Traynor Red Flag Alert survey. The insolvency experts surveyed thousands of UK businesses and found that there is a rise in the number...
The number of companies that opt to be removed or ‘struck off’ from the Companies House register has risen by 28% in the last three years, according to research from R3. Results of the survey from the insolvency trade body showed that 139,594...
Insolvencies cost HMRC up to £4.4bn during 2012-13 due to non-payment of tax, according to its latest report. The Tax Gap Estimate Report reveals that the total tax gap was £34bn and that insolvencies were responsible for 13% of that...