Addict kids are being treated at the first NHS child gambling clinic after losing up to 100,000. These shocking debts are just the tip of the iceberg as the Sunday People today exposes the crisis of teens across the UK who are hooked on internet football betting and web casinos. At least 55,000 aged between…
Banks have asked specialist debt collectors to help lead the recovery of tens of billions of pounds of government-backed small business loans, as they prepare for an expected wave of defaults and fraud cases. UK Finance, the trade group, is leading discussions to create a centralised utility that will deal with defaults on government-backed bounce…
Business Standard Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC TopicsInsolvency and Bankruptcy Code|IBC As lenders scramble to invoke promoter guarantees against corporate debtors with little success, government officials say a corporate insolvency resolution process is not over till the insolvency of the personal guarantor is also resolved.…
ONE of a string of failed companies which ran a group of cafes and restaurants is likely to be dissolved with no money for the creditors owed an estimated 665,000. Candy Experience Limited operated the Alcatraz cafe bars in Bournemouth, Poole and Camberley, as well as three New Forest pubs. Its director, Paul Podvoiskis, was…