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Industry


Insolvency News launches its inaugural TRI Conference

Insolvency News, in association with Credit Strategy, has launched its inaugural TRI Conference: Special Situations & Turnaround, an event that will reveal details on the most successful company rescue stories of the past decade. Read full story


Administrators save utilities specialist DCA in prepack deal

Administrators have saved the jobs and contracts of a utilities specialist debt recovery firm in a prepack deal. Read full story


Insolvency Service cracks down on debtors’ “irresponsible behaviour”

The Insolvency Service is clamping down on individuals who are disposing their assets irresponsibly rather than repaying debts, according to accountancy firm Moore Stephens. Read full story


Accountant in Bankruptcy awards contracts for insolvency services

Two Scottish-based firms have been awarded a two-year contract to deliver insolvency services on behalf of Accountant in Bankruptcy (AiB). Read full story


Labour pledges version of Scotland’s DAS for England and Wales

The Labour Party has announced it intends to “introduce a version of Scotland’s Debt Arrangement Scheme” as part of its election manifesto. Read full story


Leonard Curtis saves jobs of financial software firm

Administrators have saved the jobs of UK-based regulatory and financial markets surveillance specialist Ancoa Software. Read full story


Personal and corporate insolvencies on the rise

The number of personal insolvencies in the three months to March were nearly 16 percent higher than a year ago, according to the Insolvency Service. Read full story


More Scots paying debts in full via the DAS

The number of people in Scotland paying off their debts in full has increased, according to provisional figures from the Accountant in Bankruptcy (AiB). Read full story


Union directors banned for breaking “all rules in the book”

Directors of a credit union, which went into administration owing more than £7m to creditors, have been banned for a collective 21 years. Read full story


Adrian Hyde

Vice-president of insolvency trade body steps up

Vice-president of insolvency and restructuring trade body R3, Adrian Hyde, is to step up to the role of president. Read full story


Leonard Curtis appointed on video game manufacturer

Leonard Curtis Business Solutions has been appointed as the administrator of a video game manufacturer after a partnership deal failed. Read full story


The Insolvency Litigation Funder Winner of 2016: Manolete Partners

Entries open for the 10th TRI Awards

As the Turnaround, Restructuring and Insolvency (TRI) Awards()- enters its 10th year, outstanding companies, teams and individuals are all being invited to send in their entries. Read full story


Brexit increases pressure on UK hotels

Up to 1,800 UK hotel companies have at least a 30 percent chance of becoming insolvent by 2020, according to accountancy firm Moore Stephens. Read full story


Metro Bank launches commercial banking team

Metro Bank has launched a specialist large commercial banking team focussed on supporting businesses with turnover of more than £10m. Read full story


Leonard Curtis appointed on family-run firm founded in 1820

Insolvency and corporate recovery group Leonard Curtis has been appointed as the administrators of a 180-year-old construction business. Read full story


Business failures begin to climb

The number of corporate insolvencies increased by nearly 13 percent from 2015 to 2016 – to a total of 16,502. Read full story


Personal insolvencies rise for first time in seven years

A total of 90,000 people became insolvent during the full year of 2016, in the first annual increase since 2010. Read full story


Unsecured debt levels in IVAs drop nearly £25,000

Consumers that entered an IVA in 2016 had lower levels of unsecured debt on average, compared to those in 2008, according to research by debt solutions provider TDX Group. Read full story


New Insolvency Service Board chairman appointed

Credit, debt and insolvency specialist Stephen Allinson has been appointed chairman of the Insolvency Service Board. Read full story


Debt solutions firm creates council tax help centre

Debt advice and solutions business Carrington Dean has set up a non-for-profit organisation to help people in council tax debt. Read full story