Latest News

UK restructuring to drop in 2014

Tuesday, February 11, 2014 - 14:46

The level of restructuring activity in the UK is expected to decrease in 2014, according to new research from Deloitte.

The UK Restructuring Outlook 2014 saw Deloitte interview over 40 key restructuring lenders in the UK, including traditional bankers, alternative lenders and asset based lenders, responsible for managing loans both in the UK and Europe.
Some 76% of respondents said that they expect to see no change (24%) or a fall in levels of restructuring activity (52%) throughout 2014.

Trustees In Bankruptcy – Inheriting The Benefit

Tuesday, February 11, 2014 - 14:44

Traditionally Insolvency Practitioners have tended to regard the matrimonial home as being the likeliest source of realisations in a bankruptcy. However with the percentage of home owners having reached its peak of 69% in 2001 and steadily declining since that time, this looks set to change.

Proper books of account, does anyone really care?

Tuesday, February 11, 2014 - 14:41

The director of a search engine optimisation company has been disqualified for seven years for failing to keep adequate accounting records following an investigation by the Insolvency Service, which found she owed around £140,000 in unpaid tax.

Zombie cull progressing says R3

Tuesday, February 11, 2014 - 10:22

The level of UK ‘zombie’ firms is starting to drop in line with economic recovery, according to the latest research from insolvency trade body R3.

From a peak high of 160,000 in November 2012, R3 have found that number has now fallen to 103,000, although there are higher numbers of ‘zombie’ firms now negotiating debts with creditors.