As a debt recovery company tasked with chasing down overdue payments, it makes sense for us to be a signatory of the Prompt Payment Code, the voluntary code of conduct for all businesses when it comes to paying suppliers.

We recently signed up to the PPC and, as part of the process, were asked to provide the names and contact details of 'referees' - satisfied former suppliers who could vouch for us as regular prompt payers - and these were, in turn, contacted by the Chartered Institute of Credit Management, who act as administrators of the PPC.

Read more: Too Prompt for the Prompt Payment Code?

Two directors of Lancashire-based Worldwide Sports Investments Limited have been disqaulified following an investigation by the Official Receiver’s Public Interest Unit.  The directors operated a high pressure sales scam purporting to offer investments in a golf course and hotel development in Portugal.

44 year old director Mr Christopher Smullen received a disqualification order on the 26th May 2015 banning him from managing, promoting or being a director of a limited company for 13 years from the 16th of June 2015.

Read more: In the rough - 19 year disqualification for golf investment scam directors

Snoop Dogg has issued a legal claim against brewers Pabst for monies he believes are owed after his licensing deal went sour according to an article on the Associated Press.  Snoop, whos real name is Calvin Broadus Jr, signed a three year deal with Pabst in 2011 to be the face of their new Blast drink and received a cool $250,000 down payment.  With a further $20,000 due for every tenth mention of the beer on social media, at his concerts or during TV appearances.

Read more: Snoop Dogg Sues Beer Firm Over Unpaid Fees

The granting of royal assent to the Small Business, Enterprise and Employment Act 2015 should be good news for creditors, particularly those who are left owed money by a business customer who has gone into corporate insolvency.

That is because there are several measures included in the legislation that should leave more money in the pot to pay creditors what they are owed, even after the administrators take out their fee; and there may also be the option to pursue a company's former directors personally for redress.

Read more: Small Business Act 2015 Steers Insolvency in Creditors' Favour