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In May 2015, I started a thread on this forum regarding a debtor (Mr OR) who had followed advice from the internet and had issued an injunction against a local authority after his vehicle had been clamped by a bailiff. The debtor considered that his vehicle should have been exempt as it was subject to finance. Unfortunately, his injunction failed as the Judge ruled that there could be a ‘beneficial’ interest in the vehicle. Mr OR was ordered to pay the local authorities costs of £3,200. This was in addition to his own costs (the fee for the injunction alone was £395). A link to
Royal Bank of Scotland is to axe 1,400 jobs over the next two years as part of a restructuring of its UK retail banking head office. This will take the total number of staff cut since the bank was bailed out by taxpayers in 2008 at a cost of £45.5bn to 38,900. Ross McEwan, chief executive of UK retail banking at RBS, said the cuts were necessary to improve the lender's service to customers. "We are investing £700m in the next three years in new and improving services. Regrettably, we can only do that by restructuring the way we work in head office so that every effort is concentra
More than 90 stores to close – but 171 shops and 1,675 jobs are being saved in pre-pack administration by owners of rival ScS Dreams, Britain's biggest beds retailer, has collapsed into administration with the loss of 400 jobs.More than 90 of its stores will be closed, but the remaining 171 shops, and 1,675 jobs, are being saved due to a £35m pre-pack administration with the owners of the rival bed and sofa company, ScS. The collapse of Dreams brings the total number of job losses in the retail sector to about 6,000 since the start of the year at failed firms including HMV, Jessops, Repub
American Express has announced plans to cut 5,400 jobs worldwide from its total workforce of 63,500 by the end of 2013. The credit card provider said it took almost $600m (£370m) in after-tax charges in the fourth quarter of 2012. The company said that these charges would halve its net profit for the quarter from $1.2bn to $637m. It said the majority of the job losses would be in its travel business, which is being "fundamentally reinvented as a result of the digital revolution". American Express said it was having to adapt parts of the business as more customers make payments online or via mo