Insolvency Blog

Is this the beginning of the end for payday loan companies?

August 30th, 2018 - As you may have seen in the media this week, Wonga, one of the UK’s leading ‘payday loan’ companies is contemplating shutting its doors and entering Administration. This follows the closure of several Money Shop outlets across the UK since 2016, but what does this mean for the industry of legitimate loan sharks, and will
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Bad Debt and Personal Insolvency Scam

June 19th, 2018 - In Lucas Johnson’s 3rd article during Scams Awareness month, we turn to the practice of preying on vulnerable creditors who have suffered a bad debt following the liquidation or administration of a company or llp.   For some creditors, the bad debt of a customer going under can have dramatic knock on consequences (the domino
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Support Publishing Scam

June 15th, 2018 - Support publishing scams It was only in April 2018 that Child Protection UK Limited was wound up on public interest grounds. Advertising and magazine scams (commonly referred to as Support Publishing scams) are still going strong in the 21st century: You agreed to appear in this local publication/diary/calendar to support this worthy cause – the
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Scams Awareness Month

June 12th, 2018 - It’s national Scams Awareness month.   In support of this we will be running a series of articles about scams over the remainder of this month and hope you will join us in sharing our stories to raise awareness of scams over the coming weeks given the impact these scams can have both financially and
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New debt recovery regime (protocol) from 1 October 2017

October 16th, 2017 - 1 October 2017 saw a new pre-action protocol come in to force that applies to claims brought by a business against individuals. It does not apply to claims against a company, LLP or partnership (unless payment is being sought from the individual partners). It does apply to personal guarantees given in relation to a company’s
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