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Industry


Scotland's poorest to be hit hardest by potential bankruptcy changes, groups warn

Scotland’s most “vulnerable” would be hit hardest by potential changes to personal bankruptcy law, two groups have warned. Read full story


Insolvency for Creditors 2012: Pre-packs slammed for creating "market distortions"

Pre-packs have been slammed for creating “market distortions” and causing “significant damage” to creditors and rival businesses. Read full story


R3 urges caution on Wonga business loans

Insolvency trade body R3 has urged businesses not to resort to taking out high interest loans. Read full story


Former Portsmouth FC administrator "severely reprimanded" by ICAEW

Former Portsmouth FC administrator Andrew Andronikou has been “severely reprimanded” and fined £5,000 by the ICAEW. Read full story


More than 60 businesses failed every day during Q1

More than 60 businesses went bust every day during the last quarter – the highest amount since 2009, according to figures released today by RSM Tenon. Read full story


IPs must be "satisfied" pre-packs are best option

Insolvency practitioners (IPs) should “satisfy” themselves pre-packs are the right course of action before embarking on the process. Read full story


"Record" number of Scottish business failures so far this year

Almost 400 Scottish businesses have gone bust so far this year, according to statistics released today by the Accountant in Bankruptcy (AiB). Read full story


It's official: UK in double dip recession

The Office of National Statistics has confirmed analyst predictions that the UK has returned to recession, making it an official ‘double dip’. Read full story


R3 hits back at landlords' criticism of pre-pack administrations

Insolvency body R3 has strongly refuted claims by the British Property Federation (BPF) that the system is unfair and underhand. Read full story


Blow for landlords as High Court rules on rent during administrations

Landlords have been dealt a blow after the High Court ruled that rent which falls due before a company collapses should not be classed as an administration expense. Read full story


Begbies completes sale of Red Flag Alert LLP

Begbies Traynor Group has completed the sale of Red Flag Alert LLP – which operates its credit risk database – as the group continues to refocus on its core businesses. Read full story


High Court rules untouched pension pots are no longer safe in bankruptcies

The High Court has ruled the untouched private pension pots of undischarged bankrupts can be used to pay off creditors. Read full story


Leading figures gear up for IPA April conference

Key figures from across the UK profession are set to attend the annual Insolvency Practitioners Association (IPA) Insolvency Conference. Read full story


European Commission launches Insolvency Regulation consultation

The European Commission (EC) is seeking to modernise European insolvency law in a bid to “fuel the economy”. Read full story


BBA chief executive to step down

Angela Knight – who presided over arguably the most controversial period in UK banking history – will step down as chief executive of the British Bankers’ Association (BBA). Read full story


African land-leasing company ordered into provisonal liquidation

An environmental asset-management company which leased plots of land in West Africa has been ordered into provisional liquidation by the High Court. Read full story


IS launches Official Receiver office consultation

The Insolvency Service (IS) has launched public consultations about the proposed closure of three Official Receiver’s offices. Read full story


Howard Kennedy confirms equity offer to Vernon Dennis

Howard Kennedy has confirmed Vernon Dennis, head of corporate recovery and reconstruction is to become an equity partner from 1 April 2012. Read full story


OFT focuses on "vulnerable consumers" with new debt management guidance

The Office of Fair Trading (OFT) intends to put “vulnerable consumers” at the forefront of its revised debt management guidance. Read full story


BUDGET 2012: Britain will borrow £1bn less this year

Britain will borrow £1bn less than previously predicted this year, the Office for Budget Responsibility has confirmed. Read full story