Introduced in May 2018, the GDPR imposes strict requirements on organisations’ handling of personal data. For debt collection matters, these changes have brought about various compliance challenges and opportunities. This article examines the impact of the GDPR on debt collection practices in England and Wales, focusing on the roles and responsibilities of Controllers and Processors, […]
Proof of debt plays a central role in liquidation, administration, and Part A1 moratoriums, enabling creditors to assert their claims and partake in the distribution of the insolvent estate’s assets. This article delves into the function and importance of proofs of debt, how decisions regarding these proofs can be contested, and the process for foreign […]
In the domain of debt collection, winding up proceedings are a potent tool for creditors seeking to recover debts from insolvent companies. These proceedings, also known as compulsory liquidation, can compel a debtor company to cease operations and liquidate its assets to pay off creditors. While this legal remedy is powerful, it is not without […]
Personal bankruptcy can significantly affect creditors, who often face the loss of expected payments and complex legal processes. This article explores the effects of personal bankruptcy on creditors, from the initial filing to the discharge of debts, offering insights into the processes involved and strategies for creditors to mitigate losses. Understanding Personal Bankruptcy Personal bankruptcy […]
The recent High Court decision in Re a Company [2024] EWHC 1070 (Ch) has significant implications for creditors seeking to enforce foreign judgment debts through winding up petitions in England. The Court’s ruling addressed whether any limitation period under English law could prevent the presentation of such petitions. This article explores the case details, the […]
In business, financial stability can be a fleeting concept. We often encounter clients who are caught off guard by the economic troubles of their business partners or clients. Recognising the signs of financial distress early can prevent significant losses and provide opportunities to address issues before they escalate. Knowing how to identify when a business […]
The recent statistics released by Registry Trust paint a concerning picture: County Court Judgments (CCJs) in England and Wales have seen a significant rise in the final quarter of 2023. This follows a year of ongoing increases, raising questions about the financial strain many individuals and businesses are facing. What are CCJs? A County Court […]
The rising cost of living is putting a strain on everyone’s finances. A recent joint statement from the Financial Conduct Authority (FCA) alongside Ofgem, Ofwat, and Ofcom highlights a growing concern: increased pressure on consumers struggling with debt. This isn’t just about missed payments on utility bills or phone contracts. The FCA specifically warns about […]
A client in the freight and haulage industry approached us with a significant debt worry. They were owed roughly £8,500 by a customer who had become entirely unresponsive to attempts to collect the money. Feeling increasingly pessimistic about ever seeing the funds again, the client sought our help in recovering what was rightfully theirs. Understanding […]
