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Statutory Powers of Sale

However, insolvency practitioners owe differing duties to the stakeholders of the debtor company depending on the nature of their appointment — receivers owe a primary duty to their secured creditor ... read more

The Body Shop’s administrator mulls CVA to save the business

FRP Advisory has allegedly drawn up proposals for a company voluntary arrangement as a way to rescue the ethical beauty retailer ... read more

Athlone Personal Insolvency Practitioner: Debt Restructuring Solutions Expanded

The personal insolvency practitioners at 'Rescue Me' (+353-818-333-517) have announced a new expansion to their debt restructuring service in Athlone, County Westmeath. read more

Tritium files for insolvency and is on the lookout for a buyer

The Australian fast charging station manufacturer Tritium is insolvent. Self-appointed administrators and insolvency administrators appointed by creditors have taken control and begun the search for ... read more

The Body Shop’s Administrators Consider CVA as Rescue Path

Insolvency practitioners are contemplating a Company Voluntary Arrangement (CVA) for The Body Shop, revealing the chain's financial challenges post-sale. The proposal aims to negotiate rent cuts with ... read more

Luton IT consultant given business directorship ban after concealing Covid loan

A Luton businessman has been given a 13-year directorship ban after he was caught applying for two Covid loans and failing to declare one he had already received when his company went into liquidation ... read more

Lewis Brisbois Adds New Partner in Delaware

Lewis Brisbois Bisgaard & Smith welcomed Ann Kashishian to its Wilmington office as a partner in the firm’s complex business and commercial litigation and bankruptcy and insolvency practices. read more

Accountants want secured creditors to prove outstanding debts

THE Institute of Chartered Accountants of Jamaica (ICAJ) is insisting that, under the insolvency law, secured creditors ought to be required to prove outstanding debts. read more

Bournemouth’s Even Keel Solutions gains insolvency practioner

A Bournemouth-based firm says its insolvency service has been strengthened by the success of a key member of its team. Andrew Rumsey, who joined Even Keel Solutions five months ago as ... read more

Insolvencies: Definition, How It Works, and Contributing Factors

Insolvency is when an individual or company can no longer meet their financial obligations to lenders as debts become due. Before an insolvent company or person gets involved in insolvency ... read more

Esprit’s Belgium Unit Files for Insolvency

Fashion retailer Esprit’s Belgium subsidiary has filed for insolvency due to rising costs and cash flow difficulties. Esprit Belgie Retail filed for the commencement of insolvency proceedings ... read more

Azets director Meldrum secures insolvency licence

David Meldrum, a director within the Azets Restructuring and Insolvency team in Scotland, has secured his insolvency licence from ICAS. read more