Chris Eubank could be forced to sell the cufflinks he bought from former bankrupt Jonathan Aitken after running up debts thought to total more than £1...
View articleThe rising cost of employers liability insurance is forcing companies into financial difficulties and could lead to a new wave of company liquidations...
View articleA group of MCI WorldCom shareholders campaigning against the telco's bankruptcy reorganisation plan claims to have received over 10,000 email messages...
View articleInternational insolvency group INSOL Europe has today presented European policymakers with a document on the integration of European insolvency practi...
View articleNearly a third of football experts say they expect a premier league club to fall into administration in the next 12 months. Read More...
View articleThe final whistle could be blown on embattled football club Oldham Athletic this week, as creditors close in because no 'formal' bids have been made. ...
View articleEveryone has an opinion when it comes to dealing with business failures on both sides of the Atlantic. But when the UK creditor-led and US debtor-led ...
View articleRising employers' liability costs could force one of Wales' last remaining coal mines to close 'within weeks,' according to its holding company. Read ...
View articleStruggling companies in the UK technology industry could cause 'turmoil' in the insolvency sector by applying for Chapter 11 bankruptcy protection. Re...
View articleInsolvency practitioners have defended administrators at Ernst & Young after the high costs of the Railtrack administration prompted harsh critici...
View articleA transatlantic row has exploded over insolvency jurisdictions after a UK company, whose assets and creditors were British, opened a bank account in t...
View articleInsolvency practitioners have warned that failing companies with pension schemes will be more difficult to save because of a loophole in recent govern...
View articleMore than 25,000 people have visited the website that will be used to auction off the assets of failed Formula One team Arrows. Read More...
View articleThe findings of the investigation into WorldCom's $11bn accounting hole should bar the company, now called MCI, from being eligible for US government ...
View articleThe insolvency policy of the Nationwide Football League will be reviewed over the summer after the League voted to postpone until September a decision...
View articleThe administrators of the Amulet Group and its subsidiary, the Accident Group, have said they will be carefully examining the accounts as they handle ...
View articleOldham Athletic Football Club could be wound up in a month if it does not find funding to meet its heavy debt burden, according to the club's advisors...
View articleThe chairman of MCI (formerly WorldCom) says the company is on track to emerge from Chapter 11 bankruptcy protection by the Autumn. Read More...
View articleAn independent group of WorldCom stockholders has claimed that over 4,500 customers of WorldCom/MCI intend to abandon the company over its planned ban...
View articleMore than 63,000 businesses will fold by 2006 due to the slowdown in consumer spending, insolvency practitioners have predicted. Read More...
View articleBernie Ebbers, the former chief executive officer of WorldCom, was 'spectacularly unsuccessful' in his management of dramatically enlarged company, bu...
View articleCritical cash-flow problems have pushed Wimbledon Football Club into financial dire straits causing the High Court to appoint Grant Thornton as admini...
View articleA group of WorldCom shareholders claim that 2,500 customers of the troubled telco plan to cancel their long distance or internet service with the 'new...
View articleNationwide Football League chairmen, meeting today, are expected to adopt controversial new rules that will result in insolvent football clubs having ...
View articleRepresentatives of York City Football Club and its creditors have accused the Inland Revenue of 'bullying' money out of the struggling business, amid ...
View articleThe Inland Revenue's recent treatment of football clubs is beginning to become a worry for many, as they accuse it of throwing its weight around to ta...
View articleKPMG partner Mark Orton has been forced to close down The Birmingham Mint after a fruitless eight-week search to find a buyer. Read More...
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