High Street candle retailer Wax Lyrical has been placed into receivership by its US owner Blyth. Read More...
View articleChapter 11, the popular US insolvency procedure, has come under attack for being unfair and allowing some companies to escape their debts, so they can...
View articleFootball club York City has became the latest in what is likely to be a long line of struggling clubs to go into administration. Read More...
View articleInsurance and loan giant Conseco has filed for bankruptcy with debts of £4bn ($6.5bn), becoming the third biggest US insolvency after WorldCom and Enr...
View articleSix WorldCom directors have resigned in a move which will help sever all ties with the telecom group's $9bn accounting fraud. Read More...
View articleAdministrators at Deloitte & Touche are in negotiations with Gary Lineker's consortium to secure a bid for first division club Leicester City. Rea...
View articleCash-strapped telecoms equipment manufacturer Marconi has forged out a restructuring deal with its banks and bondholders which should allow it to repa...
View articleThe Enterprise Bill may now have been passed with the new insolvency regime set to be set in stone, but the debate surrounding the new business recove...
View articlePKF partners Philip Long and Jon Newell are preparing to issue a contract for the sale of Jensen Motors Limited after nearly six months of sifting thr...
View articlePartners at insolvency firm Casson Beckman could themselves face bankruptcy proceedings this week. Read More...
View articleMick Jagger could be among the 600 customers who may lose the expensive wines and spirits they had stored in Trapps Cellars if they fail to recover it...
View articleGrant Thornton, the liquidator of collapsed pay-TV company ITV Digital, is trying to recover some of the company's assets by calling on subscribers to...
View articleAdministrators from Ernst & Young are looking for buyers for budget retail chains, What Everyone Wants and Famous Brunswick Warehouse, which both coll...
View articleUAL, the parent company for United Airlines, the world's second biggest airline, has filed for Chapter 11 bankruptcy protection after being unable to ...
View articleUnited Airlines is scrambling to put together a financing package as it fights to remain solvent amid speculation of an imminent bankruptcy. Read More...
View articleThe backlash of aggressive accountancy policies have dragged tour operator MyTravel into the red for the first time in its 31-year history. Read More...
View articleBeleaguered nuclear power generator British Energy has been thrown a lifeline by the government, as the £650m loan it was given in September, was exte...
View articleThe fate of British Energy looms in the balance today as the government decides whether to extend a £650m loan to save the beleaguered giant from admi...
View articleRogue insolvency practitioners could be squeezed out of the market as a result of plans by the UK's three biggest insolvency regulators to better coor...
View articleGary Lineker's consortium is believed to be one of two bidders that are currently being considered by Leicester City administrators for the sale of th...
View articleA consortium, led by Gary Lineker, has put a bid to Leicester City Football Club administrators, to buy the cash-strapped First Division club. Read Mo...
View articleThe shares of cash-strapped First Division club Leicester City have been de-listed from the Alternative Investment Market, after administrators from D...
View articleThe European Commission is expected to back the controversial £650m government loan to British Energy in an attempt to pull the struggling power giant...
View articleKPMG and Ernst & Young have been appointed administrators for the UK subsidiary of TXU after the US power company failed to pay its debts due to the s...
View articleBig Four firm PricewaterhouseCoopers has been appointed as administrative receiver to Mustard Entertainment Restaurants Limited, which operates the pu...
View articleThe insolvency market will be thrown wide open under the Enterprise Act as banks are forced to abandon their 'preferred insolvency panels' to deal wit...
View articleReports suggest that former New York mayor and September 11 hero Rudolph Giuliani may make a play for chairman of embattled telecom WorldCom. Read Mor...
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