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Big-brand corporate insolvencies in 2016

As 2016 draws to a close, it’s a time to reflect on some of the big-brand corporate insolvencies to hit the retail sector, and if you thought it began and ended with BHS, you’d be wrong. In fact several instantly recognisable brands have fallen by the...

Company insolvency rate rises in Q3 2016

The company insolvency rate in Q3 2016 was slightly higher than in the previous quarter and over the previous year, according to newly published figures from the Insolvency Service. Data for the period from July to September was published at the end of October,...

EU plans ‘early warning system’ for corporate insolvency

The EU is reportedly planning to introduce a kind of ‘early warning system’ to alert banks to the risk of corporate insolvency among their business customers. According to Reuters, the move comes as lenders across the eurozone are owed around €1 trillion...

BHS retail’s second-largest company insolvency

BHS is the second-largest company insolvency to hit the retail sector since the onset of the recession, according to the latest Who’s Gone Bust? report from the Centre for Retail Research. In the whole of 2015 there were 25 significant company insolvencies in...
Romania expelled from Eurovision amid corporate insolvency concerns

Romania expelled from Eurovision amid corporate insolvency concerns

Romania has been banned from competing in the upcoming Eurovision Song Contest amid concerns that its national broadcaster TVR could face corporate insolvency proceedings. The broadcaster has been in debt to the European Broadcasting Union since the beginning of 2007,...

Putting a price on company insolvency for creditors

Company insolvency can be disastrous not just for the business itself, but also for its creditors – which is why corporate recovery under the assistance of insolvency experts is a much more preferable outcome. In the event that corporate recovery is impossible,...