http://www.wilson-nesbitt.com/articles/ Wilson Nesbitt Solicitors - Debt Recovery News RSS feed en-gb email@wilson-nesbitt.co.uk info@flamegreen.com 30 http://www.wilson-nesbitt.com/articles/824/18062008/northern_rock_to_increase_debt_collection.html Newly nationalised bank Northern Rock, which has branches in Northern Ireland, is to recruit debt collectors in order to claim back money owed to it by people in mortgage arrears.These debt recovery agents will search through records to track down borrowers who may be in danger, a newspaper... Wed, 18 Jun 2008 18:48:00 BST http://www.wilson-nesbitt.com/articles/808/10062008/debt_collectors_due_to_visit_northern_ireland_evaders.html People in Northern Ireland without a TV license may need to purchase one before viewing the Apprentice final as debt collectors will be out investigating who is watching the programme.Such high viewing figures during the final of the popular TV show mean that many licence-evaders are likely to be... Tue, 10 Jun 2008 13:56:00 BST http://www.wilson-nesbitt.com/articles/798/03062008/plan_to_help_northern_ireland_homeowners_in_danger_of_repossession.html The social development minister Margaret Richie is due to announce a rescue plan for homeowners in Northern Ireland facing repossession.Over the past six years, repossessions through the courts have risen in Ulster by more than 60 per cent.Ms Richie is due to meet the Belfast Council of Mortgage... Tue, 3 Jun 2008 15:33:00 BST http://www.wilson-nesbitt.com/articles/780/23052008/debt_collectors_from_south_pursuing_fines_in_northern_ireland.html Motorists living in Northern Ireland who avoid paying fines issued south of the border are to be pursued by debt collectors.A private company, the Euro Parking Collection (EPC) has powers under European law to find those who have failed to pay their fines imposed on them in other... Fri, 23 May 2008 14:00:00 BST http://www.wilson-nesbitt.com/articles/707/10042008/unfair_debt_collection_companies_warned_against_bad_practices.html The Office of Fair Trading (OFT) has issued warnings to 13 UK companies who are deemed to have unfair debt collection practices.According to the OFT, these companies have not followed regulatory guidelines in collecting consumer credit agreements. Complaints included being chased for debts which... Thu, 10 Apr 2008 15:49:21 BST http://www.wilson-nesbitt.com/articles/699/07042008/government_protection_from_rogue_lenders.html Unscrupulous lenders and debt collectors are to face tough new regulations on their behaviour, according to the Department for Business, Enterprise and Regulatory Reform.The Consumer Credit Act 2006 introduces tougher rules for those who wish to become lenders and get a Consumer Credit... Mon, 7 Apr 2008 17:16:00 BST http://www.wilson-nesbitt.com/articles/677/26032008/housing_debt_grows.html Mortgage debt in Northern Ireland is increasing at a greater rate than in any other part of the UK, it has been claimed.In news which may see demand for solicitors' debt recovery services increase, the Belfast Telegraph reports that house repossessions through the courts rose by 40 per cent... Wed, 26 Mar 2008 17:00:00 GMT http://www.wilson-nesbitt.com/articles/669/19032008/new_rules_on_debt_collection_may_affect_some_solicitors_in_northern_ireland.html The Ministry of Justice has announced new regulations intended to protect householders from unscrupulous bailiffs.Solicitors in Northern Ireland will have to make sure debt collectors are properly trained and new qualifications are also to be introduced.An independent regulator is to be set up... Wed, 19 Mar 2008 11:59:40 GMT http://www.wilson-nesbitt.com/articles/647/04032008/mortgage_holders_feel_out-of-control.html Solicitors in Belfast and Northern Ireland could be forced to pursue more mortgage holders for debt this year, as many admit that they feel out-of-control of their repayments.According to the Financial Services Authority (FSA), one out of five people in Britain and Northern Ireland who have a... Tue, 4 Mar 2008 12:30:00 GMT http://www.wilson-nesbitt.com/articles/642/03032008/property_owners_in_debt_to_government.html Solicitors in Belfast and Northern Ireland could see the government in need of debt recovery services, after the Belfast Telegraph revealed that ratepayers in the province owe them over £140 million in unpaid bills.According to senior civil servants, people in Belfast and Northern... Mon, 3 Mar 2008 13:00:00 GMT http://www.wilson-nesbitt.com/articles/641/29022008/northern_rock_should_have_been_a_clue.html Despite the credit crunch, solicitors in Belfast and Northern Ireland have still seen buy-to-let investors taking out mortgages, but one expert says perhaps they have been unwise.Solicitors will remember the chaos that was caused in the Northern Rock collapse and an expert says that the event... Fri, 29 Feb 2008 13:30:00 GMT http://www.wilson-nesbitt.com/articles/637/28022008/sale_and_rent_back_a_solution_to_debt_interest.html Solicitors could have to pursue fewer people in Belfast and Northern Ireland for debt if they take advantage of a sale and rent back scheme.Unfortunately solicitors in Belfast and Northern Ireland have to pursue homeowners for debt for consistently missing mortgage repayments.However, people in... Thu, 28 Feb 2008 13:15:00 GMT http://www.wilson-nesbitt.com/articles/632/27022008/credit_cards_risk_becoming_a_necessity.html Solicitors in Belfast and Northern Ireland could have to pursue people for debt who are using their credit cards too much, experts suggest.People in Belfast and Northern Ireland who have bitten off more than they can chew financially could see ever increasing levels of debt, which might mean... Wed, 27 Feb 2008 14:00:00 GMT http://www.wilson-nesbitt.com/articles/599/05022008/ni_families_in_fuel_debt.html Solicitors in Belfast and Northern Ireland could be forced to pursue people who have not paid their heating bills for debt, after new research showed that the province is worse than the rest of the UK for fuel poverty. According to a poll commissioned by Save the Children, people in Belfast and... Tue, 5 Feb 2008 18:00:00 GMT http://www.wilson-nesbitt.com/articles/563/15012008/30%25_rise_in_insolvencies_in_2008.html This year, solicitors could be very busy chasing people who have defaulted on their debts after experts have predicted a 30 per cent rise in personal insolvencies in Britain and Northern Ireland.Solicitors in Belfast and across Northern Ireland could have to pursue more people for debt as... Tue, 15 Jan 2008 10:30:00 GMT http://www.wilson-nesbitt.com/articles/543/03012008/ni_sees_more_businesses_collapse.html Solicitors in Northern Ireland have had to help more companies go into liquidation or collapse last year, according to a new report.A study by Experian found that 25.4 per cent more firms had to seek the help of solicitors as their business failed.Despite the fact that across Great Britain, the... Thu, 3 Jan 2008 13:15:00 GMT http://www.wilson-nesbitt.com/articles/536/28122007/joint_mortgages_offer_a_helping_hand.html Solicitors in Northern Ireland could see more people splitting their mortgage between two or more parties, as experts say this may be the only way for first-time buyers to get onto the property ladder.According to Nationwide building society, a joint mortgage could be cheaper for first-time... Fri, 28 Dec 2007 12:00:00 GMT http://www.wilson-nesbitt.com/articles/525/21122007/rent_may_be_the_only_option.html Solicitors in Belfast and Northern Ireland are unlikely to see too many first-time buyers wanting to seal a property deal next year, as experts claim that renting may be the only option in the housing market.Although solicitors will see fewer people able to buy in Belfast and Northern Ireland it... Fri, 21 Dec 2007 12:00:00 GMT http://www.wilson-nesbitt.com/articles/524/21122007/consumers_to_be_hit_by_repossessions.html Solicitors in Belfast and Northern Ireland could be pursuing record numbers of people for debt in the New Year after experts predict that repossessions will be on the rise.Belfast solicitors in particular could see more cases of debt than in the rest of Northern Ireland, as overinflated house... Fri, 21 Dec 2007 12:00:00 GMT http://www.wilson-nesbitt.com/articles/518/19122007/christmas_could_see_increase_in_ni_debt.html Solicitors in Belfast and Northern Ireland could be forced to pursue more people for debt in the New Year after financial advisors have claimed that Christmas spending could push consumers into the red.AWD Chase de Vere predicted that in 2008 solicitors in Belfast and Northern Ireland are likely... Wed, 19 Dec 2007 14:00:00 GMT http://www.wilson-nesbitt.com/articles/501/11122007/ni_debt_letters_misdelivered.html Solicitors in Belfast and Northern Ireland face a potential surge of debt-related work after the Royal Mail misdelivered letters addressed to the Belfast Collection Services.According to the Belfast Telegraph, a bundle of letters to the debt collection agency containing private financial... Tue, 11 Dec 2007 14:00:00 GMT http://www.wilson-nesbitt.com/articles/472/26112007/ni_to_see_more_insolvencies.html There is set to be an increase in insolvencies during 2008 across Britain and Northern Ireland, according to new research.Figures from PricewaterhouseCoopers (PwC) have revealed that the impact of the credit crunch, combined with relatively high interest rates, are likely to result in more people... Mon, 26 Nov 2007 13:12:04 GMT http://www.wilson-nesbitt.com/articles/465/23112007/subbies_owed_thousands_by_haulage_firm.html Northern Ireland solicitors may see an increasing number of sub-contractors coming to them for legal advice after Reid Transport has gone into administration, owing them tens of thousands of pounds.The Northern Ireland haulage firm's accounts reveal that the company is around £3.3... Fri, 23 Nov 2007 11:58:08 GMT http://www.wilson-nesbitt.com/articles/464/22112007/event_planner_deeply_in_debt.html Solicitors could become involved in the affairs of the Northern Ireland Events Company (NIEC) after the company revealed it has debts of around £1 million.Only a week after organising Rally Ireland at Stormont, the Northern Ireland events planning firm has been told by the public... Thu, 22 Nov 2007 18:15:00 GMT http://www.wilson-nesbitt.com/articles/447/09112007/british_debt_levels_soaring.html Levels of debt in Britain and Northern Ireland are increasing at a vast pace, it has been reported.According to research carried out by Credit Action, the national money education charity, personal debt in Britain and Northern Ireland is growing by as much as £1 million ever four... Fri, 9 Nov 2007 11:55:02 GMT http://www.wilson-nesbitt.com/articles/444/07112007/warning_issued_on_debt.html More needs to be done to tackle rising levels of debt in Britain and Northern Ireland, it has been claimed.Research carried out by Citizens Advice Bureau has claimed that the government must invest more effort in trying to bring down levels of debt across the UK so that consumers are able to cope... Wed, 7 Nov 2007 10:18:48 GMT http://www.wilson-nesbitt.com/articles/441/06112007/consumers_look_to_reduce_debt.html An increasing number of consumers across Britain and Northern Ireland are actively seeking to reduce their debt levels, it has been claimed.According to Moneyextra.com, consumers are "actively attempting to reduce borrowings or shift them onto a cheaper, more manageable basis"... Tue, 6 Nov 2007 14:36:45 GMT http://www.wilson-nesbitt.com/articles/432/30102007/ni_debts_out_of_control.html Lenders who provide the province with personal loans may have recourse to solicitors in Northern Ireland after the Irish League of Credit Unions (ILCU) has warned that personal debt levels in Northern Ireland are mushrooming and are becoming hard for consumers to control.According to the BBC, the... Tue, 30 Oct 2007 12:30:00 GMT http://www.wilson-nesbitt.com/articles/402/09102007/mpc_made_interest_rate_mistake.html Financial experts have said that the monetary policy committee (MPC) probably made a mistake in making their last decision on interest rates and are now predicting a housing market crash.Capital Economics predicts that property prices will fall by six per cent over the next two years, following... Tue, 9 Oct 2007 14:15:00 BST http://www.wilson-nesbitt.com/articles/400/08102007/warning_over_negative_equity.html Homeowners in Northern Ireland and across Britain could suffer from negative equity in the near future, it has been claimed.Research from Fool.co.uk has claimed that many more people are at risk of negative equity today, as the housing market shows signs of cooling, because of the prevalence of... Mon, 8 Oct 2007 12:59:32 BST