Top story: 3,000 jobs to go at Clinton Cards as administrators wield the axe 17 May 2012
Almost 3,000 jobs are set to be lost after the administrators of Clinton Cards confirmed half of the company’s retail estate will close..jpg)
News stories
100 jobs lost after historic electrical contractor collapses
17 May 2012
EXCLUSIVE: Almost 100 jobs have been lost after a long-standing electrical installation company collapsed into administration.
IP complaints drop by 16% over two years
16 May 2012
Complaints against insolvency practitioners (IPs) have dropped by 16% over the past two years, according to the Insolvency Service (IS).
Landlords hit out at rise of non-compliant pre-packs
16 May 2012
The British Property Federation (BPF) has slammed insolvency practitioners (IPs) for “acting more in the interests of the buyers than creditors”.
Harrisons picks up insurance administration
16 May 2012
Practitioners at Harrisons LLP have been appointed to deal with the administration of Hertfordshire-based insurance brokerage Castle Personal Insurance Brokers.
R3 refutes Insolvency Service's pre-pack figures
16 May 2012
Insolvency trade body R3 has criticised the Insolvency Service (IS) for its “misleading” reporting about non-compliant pre-packs.
Scotland's poorest to be hit hardest by potential bankruptcy changes, groups warn
15 May 2012
Scotland’s most “vulnerable” would be hit hardest by potential changes to personal bankruptcy law, two groups have warned.
Waste company falls into administration amid £240,000 debts
15 May 2012
A waste disposal company has collapsed into administration after racking up debts of some £240,000.
More than 20 IPs reported over "non-compliant" pre-packs
15 May 2012
More than 20 insolvency practitioners (IPs) were reported last year by the Insolvency Service (IS) over "non-compliant" pre-packs.
Moody's slashes credit ratings of 26 Italian banks
15 May 2012
Ratings agency Moody’s has downgraded the credit ratings on 26 Italian banks citing the banks’ “susceptibility to the adverse operating environments in Italy and Europe”.
Thomas Cook's largest shareholders in show of support for disposals
14 May 2012
Thomas Cook’s largest shareholder has insisted it will back the tour operator’s planned disposals at the forthcoming General Meeting.
IPA officially confirms new president
14 May 2012
The Insolvency Practitioners Association (IPA) has officially confirmed Edward Bible will assume the group’s presidency.
Rangers in full: Administrators accept consortium offer
14 May 2012
After a number of false dawns an offer to buy Rangers FC has finally been accepted by the club’s administrators.
Thomas Cook issues administration warning to shareholders
14 May 2012
Troubled tour operator Thomas Cook has warned it could face administration if shareholders fail to approve its planned disposals.
Insolvency for Creditors 2012: Pre-packs slammed for creating "market distortions"
11 May 2012
Pre-packs have been slammed for creating “market distortions” and causing “significant damage” to creditors and rival businesses.
Natural disasters blamed for Sony's record losses
10 May 2012
Natural disasters have been blamed for electronic giant Sony’s record losses.
Clinton Cards collapses into administration putting 8000 jobs in jeopardy
09 May 2012
Gift retailer Clinton Cards Plc has collapsed into administration putting some 8000 jobs at risk.
Hat-trick of parties express interest in Rangers
09 May 2012
Three parties have “expressed their interest” in buying Rangers FC, the club’s administrators have confirmed.
R3 urges caution on Wonga business loans
09 May 2012
Insolvency trade body R3 has urged businesses not to resort to taking out high interest loans.
April showers dampen UK retail sales
09 May 2012
A wet April put a “dampener” on UK retail sales with like-for-like sales slumping 3.3% on a year ago.
Clinton Cards on brink of administration
09 May 2012
Embattled gift retailer Clinton Cards is set to go into administration.
Insolvency & Rescue Conference 2011 overview
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Knowledge Bank
Insolvency Today: RETAIL & PROPERTY
Insolvency Today: TURNAROUND PRIVATE EQUITY
Standard & Poor's: S&P Report: Euler Hermes
Insolvency Today: SECTOR REPORT - CONSTRUCTION
Insolvency Today: SECTOR REPORT - TRAVEL
Insolvency Today: SECTOR REPORT - RETAIL
Equifax: Recovering outstanding debt
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