KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

Insolvency KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

1m Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

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Insolvency figures mask dire reality for UK business

Brexit & Economy Insolvency figures mask dire reality for UK business

6m Tom Lemmon

Insolvency figures mask dire reality for UK busine...

Last year’s compressed corporate insolvency statistics conceal reality of the state of the UK economy Read More...

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ACCA director: Cost of insolvency regulation unsustainable

Insolvency ACCA director: Cost of insolvency regulation unsustainable

6m Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

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UK insolvencies hit pre-pandemic highs

Insolvency UK insolvencies hit pre-pandemic highs

6m Jeremy Chan

UK insolvencies hit pre-pandemic highs

December was the first month since lockdown began that insolvencies were higher than the same period year on year Read More...

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Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

Accounting Firms Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

6m Tom Lemmon

Numerous ‘perverse outcomes’ prompts parliamentary...

Back-bench MPs call for evidence Read More...

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“Tsunami of insolvencies” likely as retail faces collapse

Insolvency “Tsunami of insolvencies” likely as retail faces collapse

8m Leanna Reeves

“Tsunami of insolvencies” likely as retail faces c...

Insolvency partner expects more businesses falling into administration as retail group ends partnership with suppliers Read More...

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New evaluator role in pre-pack scrutiny too vague

Insolvency New evaluator role in pre-pack scrutiny too vague

9m Jeremy Chan

New evaluator role in pre-pack scrutiny too vague

Insolvency service announces new law to scrutinise sale of pre-packs but does not specify qualifications for the evaluator Read More...

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Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan

Business Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan

10m Tom Lemmon

Consultants expecting insolvencies in wake of chan...

Second lockdown could “destroy” hospitality sector, according to consultant Read More...

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Deloitte partners face £19m insolvency lawsuit

Big Four Deloitte partners face £19m insolvency lawsuit

10m Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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High street brands restructure ahead of September storm

Business High street brands restructure ahead of September storm

11m Leanna Reeves

High street brands restructure ahead of September ...

Job cuts, CVAs, and online presence are top priorities for struggling high-street brands Read More...

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Insolvency panel arrangements risk creating conflict of interest, says lawyer

Insolvency Insolvency panel arrangements risk creating conflict of interest, says lawyer

12m Tom Lemmon

Insolvency panel arrangements risk creating confli...

Panel arrangements between banks and insolvency practitioners (IPs) run the risk of creating a conflict of interest, according to Joanna Ford, partner...

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Rise in insolvency and creditor action expected

Insolvency Rise in insolvency and creditor action expected

1y Jeremy Chan

Rise in insolvency and creditor action expected

Practitioners braced for “storm” of activity Read More...

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Industry works out new moratorium process

Insolvency Industry works out new moratorium process

1y Jeremy Chan

Industry works out new moratorium process

Moratorium provides a more debtor friendly process, but questions remain on practicality on UK insolvency Read More...

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MP calls for new insolvency regulator over ‘massive’ conflict of interests

Insolvency MP calls for new insolvency regulator over ‘massive’ conflict of interests

1y Tom Lemmon

MP calls for new insolvency regulator over ‘massiv...

Conservative MP calls for outlaw of panel agreements and an insolvency tribunal to prevent “egregious” behaviour Read More...

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Corporate Insolvency and Governance Act 2020: A review

Business Recovery Corporate Insolvency and Governance Act 2020: A review

1y Wayne Beck

Corporate Insolvency and Governance Act 2020: A re...

By Wayne Beck, associate, Faegre Drinker Read More...

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BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

Accounting Firms BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

1y Tom Lemmon

BDO sued for £250m: Partner admits to ‘serious der...

BDO partner mistakenly described the administration of One Blackfriars Limited as objective two, not objective three Read More...

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BDO sued for £250m: Selling agent accused of conflict of interest

Accounting Firms BDO sued for £250m: Selling agent accused of conflict of interest

1y Tom Lemmon

BDO sued for £250m: Selling agent accused of confl...

The claimants in the case against BDO over their administration of One Blackfriars Limited have accused BDO of inappropriately using real estate firm,...

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BDO partner admits she didn’t challenge ‘shockingly low’ valuation

Accounting Firms BDO partner admits she didn’t challenge ‘shockingly low’ valuation

1y Tom Lemmon

BDO partner admits she didn’t challenge ‘shockingl...

Witness in £250m insolvency negligence lawsuit said she didn’t challenge low valuation of One Blackfriars site Read More...

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New insolvency bill a positive lifeline for struggling businesses, but questions remain

Coronavirus New insolvency bill a positive lifeline for struggling businesses, but questions remain

1y Bob Pinder

New insolvency bill a positive lifeline for strugg...

The Corporate Insolvency and Governance Bill began its passage through the Lords this week, after a speedy journey through the Commons. As the largest...

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UK alters insolvency law landscape

Coronavirus UK alters insolvency law landscape

1y Jeremy Chan

UK alters insolvency law landscape

The government has announced a number of changes to insolvency law in an effort to support in-distress businesses Read More...

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Furloughed staff considered ‘super-priority’ creditors during administration

Coronavirus Furloughed staff considered ‘super-priority’ creditors during administration

1y Jeremy Chan

Furloughed staff considered ‘super-priority’ credi...

Recent court rulings clarify legal grey area caused by furlough scheme Read More...

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Insolvencies drop in first quarter

Coronavirus Insolvencies drop in first quarter

1y Jeremy Chan

Insolvencies drop in first quarter

Latest report from The Insolvency Service outlines reduced number of insolvencies for the first three months of 2020 Read More...

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Report: Avoiding insolvency in midst of crisis

Coronavirus Report: Avoiding insolvency in midst of crisis

1y Jeremy Chan

Report: Avoiding insolvency in midst of crisis

Insolvency has become a major threat across most UK markets, as businesses scramble for ways to avoid getting sucked under Read More...

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CBILS revamped and expanded to support UK business

Budget CBILS revamped and expanded to support UK business

1y Shannon Moyer

CBILS revamped and expanded to support UK business

The UK government’s CBILS scheme has been updated to include more small businesses under its remit, as well as offering new assistance to large busine...

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UK SMEs unprepared to apply for loans

Budget UK SMEs unprepared to apply for loans

1y Jeremy Chan

UK SMEs unprepared to apply for loans

The government has announced businesses support measures to help keep companies afloat, but SMEs may have trouble accessing credit Read More...

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Governance and culture questions raised among insolvency practitioners

Insolvency Governance and culture questions raised among insolvency practitioners

1y Kevin Reed

Governance and culture questions raised among inso...

Insolvency practitioners must tread a fine line in undertaking their role, and move onto how practices must get a grip on a permissive culture and loo...

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Insolvency: Recognising the warning signs

Insolvency Insolvency: Recognising the warning signs

2y Stephen Wainwright

Insolvency: Recognising the warning signs

There are a number of warning signs that a company is in financial distress and action is required, says Stephen Wainwright of Poppleton & Apple R...

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