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The Government has launched an inquiry into how a private company which did not have a debt collection licence was awarded a multimillion-dollar contract to recoup unpaid land tax. A government spokeswoman said last night that the Department of Consu...

A company awarded a multimillion-dollar government contract to claw back land tax arrears does not have a debt collection licence, The Royal Gazette has confirmed. A new law, which came into force at the start of last year, ruled that anyone “pursui...

Borrowers and mortgage-holders will receive “enhanced protection” when new legislation is brought to Parliament, it was announced today. And Walter Roban, the Minister of Home Affairs, said landlords and tenants would see laws governing their rights...

The effort to collect overdue taxes is to be stepped up, the finance minister warned yesterday. Curtis Dickinson said a tax amnesty could also be introduced to help claw back some of the cash owed by taxpayers. Mr Dickinson said taxpayers would be gi...

A single mother with a part-time job and debt said yesterday she feared arrest for a missed hearing in “humiliating” debt court over a debt of just $1,300. Sheelagh Cooper, chairwoman of Habitat for Humanity in Bermuda, said that the woman’s plight s...

Desperation could lead people to get in over their heads with fast-cash lenders, an MP has warned. Leah Scott, the deputy Opposition leader, said that people who were struggling financially were attracted by personal loans that might become difficult...

The Department of Communications has remained tight-lipped over fallout from an erroneous statement that drew the ire last week of Curtis Dickinson, the Minister of Finance. However, its protocols were said to be under review to head off a repeat of ...

Loan sharks have worsened the problems of people in financial difficulty, the House of Assembly heard. Wayne Furbert, the junior finance minister, said he knew of cases where $10,000 loans become $66,000 debts in just a year, and that action was need...

Proposed rules to crack down on loan sharks are understood to have been revised after public consultation. The Debt Collection Act 2018 will be tabled in Parliament today after an initial draft was reworked to tackle concerns raised by lawyers, busin...

Shirt pressed, shoes shined, but with a head hanging in shame, the surroundings were alien. Having lived a life according to the law, he never imagined himself standing in a courtroom. When companies collapsed all over the world, nightmare became a r...

Seniors struggling with debt are appearing in court more and more, a top judge has warned. Senior magistrate Juan Wolffe said he was “concerned” by an apparent increase in elderly debtors landing in court. He added that limited pensions to cover heal...

Professional debtors play the legal system and exploit the reluctance of creditors to attend court in an attempt to avoid payment, it has been claimed. Senior magistrate Juan Wolffe said only the prospect of prison could force some people to hand ove...