Insolvency profession remains defiant
Business Recovery

Insolvency profession remains defiant

22y Adriana Zea

Insolvency profession remains defiant

The insolvency profession has remained defiant and insisted that it will not be intimidated by Land Rover's lawsuit against UPF administrator KPMG and...

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Land Rover sets 'dangerous' insolvency precedent
Business Recovery

Land Rover sets 'dangerous' insolvency precedent

22y Adriana Zea

Land Rover sets 'dangerous' insolvency precedent

Land Rover's suggested shakeup of the insolvency laws could set a dangerous precedent for UK business practice. Read More...

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KPMG ousted in Land Rover deal
Business Recovery

KPMG ousted in Land Rover deal

22y Adriana Zea

KPMG ousted in Land Rover deal

Car giant Land Rover and KPMG have reached a compromise which will keep collapsed chassis maker UPF Limited operational, but has also resulted in the ...

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PwC to consider litigation over Enron Europe
Business Recovery

PwC to consider litigation over Enron Europe

22y Michelle Perry

PwC to consider litigation over Enron Europe

PricewaterhouseCoopers, administrators to Enron Europe, on Friday said it would consider litigation to recover funds while attempting to unravel one o...

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PwC helps Blacks' march on Army Stores
Business Recovery

PwC helps Blacks' march on Army Stores

22y Michelle Perry

PwC helps Blacks' march on Army Stores

PricewaterhouseCoopers has secured a deal with Blacks Leisure Group for the sale of 47 Famous Army Stores, saving them from potential closure. Read Mo...

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Bill delay could cause insolvencies
Business Recovery

Bill delay could cause insolvencies

22y Adriana Zea

Bill delay could cause insolvencies

Enterprise Bill delay, is 'a bitter-sweet pill', say experts, as much needed reform is put on hold. Read More...

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Asset-based lending on the rise
Business Recovery

Asset-based lending on the rise

22y Accountancy Age

Asset-based lending on the rise

Anyone with half an eye on the commercial finance industry cannot have failed to notice the increase in asset-based lending. Read More...

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KPMG fight for Land Rover 'ransom'.
Business Recovery

KPMG fight for Land Rover 'ransom'.

22y Adriana Zea

KPMG fight for Land Rover 'ransom'.

The spat between Big Five firm KPMG, receiver to chassis supplier UPF, and car manufacturer Land Rover has caused heated debate in the insolvency prof...

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Businesses at risk from Enterprise Bill delay
Business Recovery

Businesses at risk from Enterprise Bill delay

22y Adriana Zea

Businesses at risk from Enterprise Bill delay

Thousands of businesses will run the risk of going under if the Enterprise Bill, containing crucial reforms to insolvency legislation, is delayed for ...

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Another Andersen client hits the bricks
Business Recovery

Another Andersen client hits the bricks

22y Larry Schlesinger

Another Andersen client hits the bricks

Another major American client of Andersen, aluminum producer Kaiser, has filed for bankruptcy protection. Read More...

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KPMG-Land Rover in possible settlement
Business Recovery

KPMG-Land Rover in possible settlement

22y Adriana Zea

KPMG-Land Rover in possible settlement

A settlement between car maker Land Rover and KPMG, the receivers of its collapsed chassis supplier UPF-Thompson is said to be in the final stages. Re...

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AIB: controls can be circumvented
Business Recovery

AIB: controls can be circumvented

22y Larry Schlesinger

AIB: controls can be circumvented

Traders will find ways around any company controls if they want to, says David Sherwin, partner in Ernst & Young's forensic services arm, who led the ...

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FBI joins inquiry into Global Crossing
Business Recovery

FBI joins inquiry into Global Crossing

22y AccountancyAge.com

FBI joins inquiry into Global Crossing

Global Crossing, the bankrupt telcom, is now also under a Federal Bureau of Investigation inquiry into its accounting procedures, in addition to a cur...

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Government urged to change receivership laws
Business Recovery

Government urged to change receivership laws

22y our parliamentary staff

Government urged to change receivership laws

The government has been urged to consider changing the law to end the conflict of interest that arises when accountants, who report to a bank on the f...

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KPMG apppointed administrator at carpet maker
Business Recovery

KPMG apppointed administrator at carpet maker

22y Adriana Zea

KPMG apppointed administrator at carpet maker

KPMG has been appointed administrative receiver for Aberdeen-based company Richards, which collapsed following fierce international competition. Read ...

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'Federal Mogul collapse distorts the truth'
Business Recovery

'Federal Mogul collapse distorts the truth'

22y Adriana Zea

'Federal Mogul collapse distorts the truth'

Fourth-quarter insolvency figures are distorted because of the collapse of Federal Mogul and reflect the effects of 11 September on the UK, according ...

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Smith & Williamson sell TCT international
Business Recovery

Smith & Williamson sell TCT international

22y Adriana Zea

Smith & Williamson sell TCT international

Smith & Williamson partners Ian Allan and Mike Stevenson have sold 3D imaging software developer TCT International to 3Q Technologies as a going conce...

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Global Crossing investors sue over rescue plan
Business Recovery

Global Crossing investors sue over rescue plan

22y Accountancy Age

Global Crossing investors sue over rescue plan

Ailing telecoms firm Global Crossing, which filed for Chapter 11 bankruptcy protection last week, is facing a lawsuit that could derail its rescue. Re...

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Insolvencies back on the increase
Business Recovery

Insolvencies back on the increase

22y Adriana Zea

Insolvencies back on the increase

After a third-quarter lull, insolvency figures have risen nearly 3% in a year, Department of Trade and Industry figures have today revealed. Read More...

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Usit Campus staff pack their bags
Business Recovery

Usit Campus staff pack their bags

22y Adriana Zea

Usit Campus staff pack their bags

Receivers at Begbies Traynor have made over 300 employees redundant at youth travel specialist Usit Campus, after the travel company went into adminis...

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GT sells Tiny in timely deal
Business Recovery

GT sells Tiny in timely deal

22y Michelle Perry

GT sells Tiny in timely deal

Grant Thornton, administrator of Tiny Computers, has sold the collapsed computer chain to the Time Group in a bid to make it the UK's largest high str...

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Bioglan rescue bid in final stage
Business Recovery

Bioglan rescue bid in final stage

22y Adriana Zea

Bioglan rescue bid in final stage

Beleaguered biotechnology company Bioglan Pharma is in the last stage of rescue talks with US research group Quintiles Transnational Corp. Read More...

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Kroll under pressure from FM collapse
Business Recovery

Kroll under pressure from FM collapse

22y Adriana Zea

Kroll under pressure from FM collapse

Kroll Buchler Phillips has been forced to seek High Court approval to extend a deadline for creditors' meetings after struggling to deal with the mass...

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New CFO at Enron in executive reshuffle
Business Recovery

New CFO at Enron in executive reshuffle

22y Larry Schlesinger

New CFO at Enron in executive reshuffle

As part of its Chapter 11 restructuring, collapsed energy giant Enron has appointed Ray Bowen, its former treasurer, as chief financial officer and ex...

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Global Crossing succumbs to telecom crash
Business Recovery

Global Crossing succumbs to telecom crash

22y Adriana Zea

Global Crossing succumbs to telecom crash

Fibre optics communications company Global Crossing has become the biggest victim of the telecoms crash, filing for Chapter 11 bankruptcy protection y...

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Deloittes called in at Kmart
Business Recovery

Deloittes called in at Kmart

22y Larry Schlesinger

Deloittes called in at Kmart

Kmart, the bankrupt US discount retail giant, has appointed an independent investigative team including accountants from Deloitte & Touche LLP after r...

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Trade union enters KPMG-Land Rover row
Business Recovery

Trade union enters KPMG-Land Rover row

22y Adriana Zea

Trade union enters KPMG-Land Rover row

Engineering trade union Amicus has defended Land Rover in its dispute with KPMG/UPF, saying the role of accountancy firms should be scrutinised more c...

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