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Vertu liquidators set to repay staff and plug £500k pension gap

Liquidators of Vertu, the manufacturer of luxury mobiles, have recovered enough funds to pay the majority of employees’ preferential creditor claims – and replenish a large part of a £500,000 hole in their pensions. Read full story

Shortlist revealed for TRI Awards 2017, as scheme reaches 10-year milestone

Credit Strategy has revealed the full shortlist for the 2017 Turnaround, Restructuring and Insolvency (TRI) Awards, sponsored by Capa, as the scheme celebrates its 10-year anniversary. Read full story

Atradius snaps up competitor

Trade credit insurer Atradius has acquired business intelligence specialist Graydon, in a move to boost its collection and credit information services. Read full story

Creditors face fee rises when petitioning for individuals' bankruptcies

The Insolvency Service is to introduce fee rises for creditors during personal and corporate insolvencies – as well as a new general fee that applies in all cases. Read full story

Brexit: How creditors may be affected in corporate insolvencies

After Brexit, creditors may be impacted when assets of insolvent companies are sought for recovery in Europe. Read full story

Proposed 90-day moratorium for failed firms may hit creditors

The move to a model similar to the USA’s chapter 11 process for UK businesses heading towards insolvency could have serious consequences for creditors, a trade body has warned. Read full story

Swansea and Southampton top premier league of payments

Swansea City and Southampton are the two best teams in the Premier League when it comes to paying invoices on time and having a good credit rating with suppliers. Read full story

Duff & Phelps appointed as BHS administrators

Duff & Phelps are expected to be announced today (April 25) as administrators of retail chain BHS, after 11th hour talks to rescue the company failed to grasp a solution. Read full story

Shortlist announced for Credit Awards 2016

The finalists for the 2016 Credit Awards sponsored by TDX Group have been announced, following an extensive shortlisting process across the scheme’s 27 categories. Read full story

Shard Media Group acquires Athene Publishing

Athene Publishing Limited, specialist publishing and events provider to the UK Credit, Asset Finance, Business Recovery and Payroll sectors, has been acquired by Shard Media Group Limited for an undisclosed sum. Read full story

Leonard Curtis saves 1,500 jobs at Blue Inc and Officers Club

Leonard Curtis Business Solutions Group has secured the future of 1,500 employees at A Levy & Son, which trades as Blue Inc and Officers Club, by advising on a restructuring process. Read full story

Payday lender collapses after £20m refund programme

Payday lender Cash Genie has entered liquidation, just months after the Financial Conduct Authority (FCA) forced the company to pay £20m in redress to more than 92,000 customers. Read full story

MPs: HMRC’s customer service is ‘worse than abysmal’

An MPs committee has slammed HMRC’s customer service, claiming its “abysmal” customer service is a threat to tax collection. Read full story

Corporate insolvencies fall 10 percent

The number of companies going bust in England and Wales has fallen 10 percent year on year, according to The Insolvency Service. Read full story

Winners revealed for the I&R Awards 2015

Insolvency News can this morning reveal the full list of winners for 2015’s I&R Awards, sponsored by Capa. Read full story

GT Law becomes latest legal firm to collapse

GT Law Solicitors, the trading name of First Stop Legal Services, has filed for administration in the latest of a string of legal firm insolvencies. Read full story

Law firm merger follows pre-pack administration

London-based law firm Jeffrey Green Russell has merged with legal and consultancy group Gordon Dadds, following a pre-pack administration. Read full story

Insolvency Service rings in changes to deter rogue directors

The Insolvency Service has reminded creditors of a service starting on October 1 that provides compensation when directors are disqualified. Read full story

HMRC takes more than three years to probe 3,800 local cases

Almost a quarter of all tax investigations launched by HMRC’s local offices are still unresolved more than 12 months later, a City law firm has claimed. Read full story

Scottish law firm in administration

A total of 42 jobs have been lost at one of Scotland’s oldest law firms, while 80 have been saved, after the business entered administration. Read full story