Insurance firms risk insolvency
Business Recovery

Insurance firms risk insolvency

23y Liesbeth Evers

Insurance firms risk insolvency

Business recovery experts have warned that insurance companies should undertake much more 'good housekeeping' in the way that they manage assets if th...

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Accident Group faces claims probe
Business Recovery

Accident Group faces claims probe

23y AccountancyAge.com

Accident Group faces claims probe

The Accident Group, the personal injury firm, is at the centre of a fraudulent claims investigation after being placed into administration. Read More...

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Music stops playing at Andy's
Business Recovery

Music stops playing at Andy's

23y AccountancyAge.com

Music stops playing at Andy's

The UK's last remaining chain of independent record shops has collapsed following a slump in sales and the increasing popularity of the internet. Read...

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PwC sacks staff at personal claims firm
Business Recovery

PwC sacks staff at personal claims firm

23y Larry Schlesinger

PwC sacks staff at personal claims firm

Administrators from PricewaterhouseCoopers have been forced to make 2,400 staff redundant at personal injury claims business The Accident Group, after...

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UK helps with UN insolvency law
Business Recovery

UK helps with UN insolvency law

23y Adriana Zea

UK helps with UN insolvency law

A UK-led group of insolvency experts is preparing to draft legislative guidelines that could lead to a United Nations model law on insolvency. It woul...

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Insolvency firms find work in retail sector
Business Recovery

Insolvency firms find work in retail sector

23y Adriana Zea

Insolvency firms find work in retail sector

Insolvency practitioners are finding increasing work in the retail manufacturingsector as companies that supply high-street retailers are put into liq...

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Receivers take charge at breast cancer charity
Business Recovery

Receivers take charge at breast cancer charity

23y Liesbeth Evers

Receivers take charge at breast cancer charity

The Charity Commission on Friday instructed solicitors to enter the Manchester premises of Breast Cancer Relief to take control of the charity's multi...

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Top recovery expert joins Grant Thornton
Business Recovery

Top recovery expert joins Grant Thornton

23y Larry Schlesinger

Top recovery expert joins Grant Thornton

Mid-tier firm Grant Thornton has strengthened its recovery and reorganisation practice with the appointment of Daniel Smith, whose high profile work i...

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Solving football's cash crisis
Business Recovery

Solving football's cash crisis

23y Gavin Hinks

Solving football's cash crisis

As the new Wembley stadium begins to rise from the ashes and Tony Blair throws his weight behind a London bid for the Olympic games, things are lookin...

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Football League challenged
Business Recovery

Football League challenged

23y Adriana Zea

Football League challenged

Insolvency practitioners are being urged to challenge in the courts the controversial football 'super creditor' rule by the head of one their professi...

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Marconi returns to plc status
Business Recovery

Marconi returns to plc status

23y Larry Schlesinger

Marconi returns to plc status

Newly restructured telecom equipment maker Marconi has started trading on the London Stock Exchange. Read More...

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MCI close to settlement with SEC
Business Recovery

MCI close to settlement with SEC

23y Paul Grant

MCI close to settlement with SEC

Troubled telecoms company MCI could announce as early as today that it has reached a settlement with the Securities and Exchange Commission over charg...

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Shetland shipbuilders stay afloat
Business Recovery

Shetland shipbuilders stay afloat

23y Larry Schlesinger

Shetland shipbuilders stay afloat

Corporate recovery partners at KPMG have found a buyer for shipbuilders and repair yard Malakoff and Wm Moore Ltd, based in Shetland. Read More...

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Buyers sought for night club group
Business Recovery

Buyers sought for night club group

23y AccountancyAge.com

Buyers sought for night club group

Po Na Na, the collapsed night club business, has been put up for sale by its administrators. Read More...

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Marconi restructuring gets go-ahead
Business Recovery

Marconi restructuring gets go-ahead

23y AccountancyAge.com

Marconi restructuring gets go-ahead

Creditors of embattled telecoms company Marconi have approved its £4bn restructuring. Read More...

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Kroll wins case for asbestos sufferers
Business Recovery

Kroll wins case for asbestos sufferers

23y Adriana Zea

Kroll wins case for asbestos sufferers

Business recovery experts have helped asbestos-riddled employees win a major case against insurers who refused to pay out employer-liability claims fo...

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IPA president promises softer approach
Business Recovery

IPA president promises softer approach

23y Larry Schlesinger

IPA president promises softer approach

The Insolvency Practitioners Association will from today be led by a former forensic accountant who has promised to embrace the softer side of busines...

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Big leap in personal insolvencies
Business Recovery

Big leap in personal insolvencies

23y Accountancy Age

Big leap in personal insolvencies

An increase in unemployment has prompted personal insolvencies to jump almost 12% in the first quarter of 2003 compared to the same period last year. ...

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Exams loom for company doctors
Business Recovery

Exams loom for company doctors

23y Adriana Zea

Exams loom for company doctors

Practitioners of business turnaround could soon be required to gain a formal qualification, if a major professional body gets its way. Read More...

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Premiership club face losing points
Business Recovery

Premiership club face losing points

23y Adriana Zea

Premiership club face losing points

Cash-strapped football clubs in the Premier League face losing points for going into administration after the league's board said it was to discuss th...

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Turnaround gets new qualification
Business Recovery

Turnaround gets new qualification

23y Adriana Zea

Turnaround gets new qualification

Link: IPs fear boost in turnaround work A new formal qualification is set to be launched for turnaround professionals because of the increasing number...

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Club fails to expand
Business Recovery

Club fails to expand

23y Accountancy Age

Club fails to expand

Grant Thornton partners Martin Ellis, David Thurgood and Malcolm Shierson have been appointed administrators to bar-nightclub operator Po Na Na follow...

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Bully tactics bad for game
Business Recovery

Bully tactics bad for game

23y Adriana Zea

Bully tactics bad for game

The Football League's new proposals to penalise insolvent clubs shows the power of the sport's leading bodies and their ability to bully members into ...

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Nightclub calls in GT administrators
Business Recovery

Nightclub calls in GT administrators

23y Adriana Zea

Nightclub calls in GT administrators

Nightclub and bar operator Po Na Na has called in administrators from Grant Thornton after the Royal Bank of Scotland refused crucial top-up funds. Re...

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R3 slams sanctions of football clubs
Business Recovery

R3 slams sanctions of football clubs

23y Adriana Zea

R3 slams sanctions of football clubs

Insolvency practitioners have reacted angrily after the Football Association revealed its intentions to impose sanctions on clubs that go into insolve...

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Battle of Brittain and Christine
Business Recovery

Battle of Brittain and Christine

23y Adriana Zea

Battle of Brittain and Christine

Christine Hamilton is well known for being ubiquitous. But you would think the last place the wife of bankrupt former politician Neil Hamilton would w...

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Re-named WorldCom posts profit
Business Recovery

Re-named WorldCom posts profit

23y Robert Jaques

Re-named WorldCom posts profit

Troubled telecoms company MCI, formerly known as WorldCom, has posted a $43m profit in March, against a net loss of $332m in February. Read More...

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