The International Monetary Fund has called for the creation of an international 'bankruptcy court' model for emerging countries, allowing indebted gov...
View articleErnst & Young released its first results as a limited liability partnership this week and recorded a 15% growth in fee income for the year to Jun...
View articlePlans for a new regime to provide relief for the costs of intellectual property, goodwill and intangible assets have been met with open arms by knowle...
View articleBig Five firm KPMG is set to become the liquidator for the New Millennium Experience Company, owner of the ill-fated Dome, in December. Read More...
View articleAlain Prost has today announced his Formula One team has gone into receivership following a decision of a Versailles court. Read More...
View articleBioglan Pharma, the embattled pharmaceutical company currently operating without a finance director, has confirmed it is considering buyout offers as ...
View articleDeloitte & Touche Corporate Finance has notched up its fourth deal with MG Rover, the UK car company sold by BMW last year. Read More...
View articleThe number of companies going into receivership has more than doubled in the last month according to figures from Deloitte & Touche. Read More...
View articleRailtrack administrator Ernst & Young has admitted it might not be able to serve the best interests of creditors and shareholders as Stephen Byers wil...
View articleWestLB, the bank preparing a bid for Railtrack, the collapsed rail infrastructure company, has asked administrators to consider a 'collaborative appro...
View articleThe government was wrong to force Railtrack into receivership as it will affect the future of all PFI deals, says John Redwood. John Spellar disagrees...
View articleThe collapse of Railtrack will almost certainly be investigated by independent financial watchdog National Audit Office next year, according to report...
View articleThe government was wrong to force Railtrack into receivership as it will affect the future of all PFI deals, says John Redmond. John Spellar disagrees...
View articleJohn Redwood, the MP and former Tory department of trade minister, has lambasted the government's handling of the Railtrack administration, claimed it...
View articleThe High Court has appointed mid-tier firm Grant Thornton as administrators of interactive youth marketing company Worldpop Limited. Read More...
View articleKroll Buchler Phillips partners Peter Holder and David Whitehouse have been appointed joint administrative receivers for Cavcomp a Rotherham-based clo...
View articleWith two years to go before the new insolvency bill becomes law, fears grow for businesses already showing signs of trouble Read More...
View articleGrant Thornton is facing claims for damages understood to total several millions of pounds over its role in the collapse of housewares company Heritag...
View articleDome minister Lord Falconer has had to make a public apology for mistakenly claiming in the House of Lords that the Dome has always been solvent. Read...
View articleKPMG corporate recovery has announced it has sold restaurant and bar chain Big Beat to a Glasgow-based group after the sale to another set of buyers f...
View articleA majority of insolvency professionals believe the 'revised powers' given to the government Insolvency Service, could be a threat to smaller practices...
View articleCanada's second biggest airline, Canada 3000, has filed for bankruptcy protection joining recently collapsed Sabena as a victim of the knock-on effect...
View articleAdministrators from Big Five firm Andersen have sold collapsed Australian airline Ansett to two of the country's top businessmen in a deal worth £1.27...
View articlePhilip Hampton, BT's finance director, is to leave the company after his contract expires next year, it was announced today. Read More...
View articleA surprising drop in third quarter liquidations is the 'calm before the storm' and is due to lenient treatment by creditors, especially the tax author...
View articleBelgian airline Sabena has today filed for bankruptcy, becoming the first major European airline to collapse since the 11 September terrorist attacks ...
View article'We are the good guys' says Ernst & Young's Alan Bloom, who remains upbeat as he wrestles with conflicting pressures from the public, media, gover...
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