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Industry


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


“Hard Brexit” would fuel business failures

More than two thirds of insolvency professionals believe a “hard Brexit” would lead to more corporate insolvencies, according to insolvency trade body R3. Read full story


Insurance group fined for losing customers’ bank details

A London-based insurance group has been fined £150,000 by the Information Commissioner’s Office (ICO) after the loss of nearly 60,000 customers’ financial data. Read full story


Call centre supplier boss banned for tax evasion

A director who ran a call centre supplier has been banned for 10 years, following a government agency’s investigation. Read full story


Spurt in oil and gas insolvencies as price slump bites

Oil and gas companies are facing hard times with 16 firms collapsing last year, according to accountancy firm Moore Stephens. Read full story


Experto Credite enters liquidation owing staff more than £500,000

Debt buyer and collector Experto Credite has entered liquidation and records show the company owe employees around £505,000 in wages, redundancy and notice pay. Read full story


Christmas saved for manufacturer on brink of collapse

Administrators have saved 78 jobs at a Black Country-based company run by five generations of a local family. Read full story


Young families found most likely to become insolvent

Personal insolvencies have dropped year-on-year but young parents are suffering most, according to information services group Experian. Read full story


Leonard Curtis expands its legal team

Leonard Curtis Legal has increased the size of its team after experiencing an increased volume of work only four months after launching. Read full story