Insolvency

All You Need To Know About Bankruptcy

The Huffington Post UK | Asa Bennett | Posted 25.01.2014 | UK

Declaring bankruptcy is a sad event but it happens to many cash-strapped Brits who find themselves unable to pay their debts, including BNP leader Nic...

'Hit Squad' Bankers Killing Off Thousands Of UK Firms

The Huffington Post UK | Asa Bennett | Posted 25.11.2013 | UK

Royal Bank of Scotland and Lloyds caused the 'financial downfall' of thousands of small businesses through "unscrupulous" business practices, accordin...

Asa Bennett

Hundreds Of Thousands Of Zombies Are Eating Away At Britain's Economy

HuffingtonPost.com | Asa Bennett | Posted 31.10.2013 | UK

George Osborne may celebrate the economy growing by 0.8%, but there are still more than 400,000 "zombie" businesses roaming the country that experts s...

Lawyers and Accountants - Adapt or Keep Dying

Fiona Hotston Moore | Posted 23.10.2013 | UK
Fiona Hotston Moore

On the face of it the debacle arose from particular circumstances, not least the exquisite embarrassment of a top seven national auditor by revenue failing to audit itself properly whilst embarking on the sort of giddy, risky buying splurge its clients generally avoid.

'Zombie Firms Will Be Killed Off By Interest Rate Surge'

The Huffington Post UK | Asa Bennett | Posted 15.07.2013 | UK Politics

Many “zombie” businesses are still alive due to the low interest rates at which they can pay off their debt, Business Secretary Vince Cable has wa...

Dreams Staff Could Suffer Nightmares After Only 1,600 Of 2,000 Jobs Are Saved

The Huffington Post UK | Charlie Thomas | Posted 06.03.2013 | UK

Around 400 jobs are at risk at bed retailer Dreams after its new owner - courtesy of a pre-pack administration announcement on Wednesday - only secure...

Sports Direct Buys Republic, Safeguarding 2,100 Jobs

The Huffington Post UK | Charlie Thomas | Posted 28.02.2013 | UK

Sports Direct has become this week's high street hero by saving the jobs of 2,100 people, after it bought struggling retailer Republic. The sale of...

20 Shops Closed Every Day In 2012, Replaced By Pound Shops, Payday Lenders And Charities

The Huffington Post UK | Charlie Thomas | Posted 28.02.2013 | UK

Fears about the changing nature of the British high street look set to be realised, after new research reveals that 20 shops were closed a day on Brit...

Charlie Thomas

Payday Loans Being Used To Pay For Bankruptcy Fees

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

The doubling of the cost to become bankrupt in Scotland in the past six months has seen a surge in the most vulnerable Scots taking out payday loans t...

Charlie Thomas

Hope For The Old Dog Yet? Hilco UK Buys HMV's Debt

HuffingtonPost.com | Charlie Thomas | Posted 22.01.2013 | UK

The hopes of 4,000 HMV staff were thrown a lifeline on Tuesday after retail restructuring group Hilco UK has acquired the debt of HMV, effectively giv...

Charlie Thomas

The Business Reasons Why HMV Was Doomed To Fail

HuffingtonPost.com | Charlie Thomas | Posted 15.01.2013 | UK

On Monday 14 January, reports began circulating that HMV, the nation's much-loved music retailer, was in negotiations to hand over the keys to adminis...

Charlie Thomas

Over Indebted, And Over Here

HuffingtonPost.com | Charlie Thomas | Posted 24.11.2012 | UK

Most readers will be familiar with the practice of British companies domiciling themselves in Ireland to gain from efficient corporation taxation – ...

'Shed Loss-Making Stores Or Face Extinction' Says Report

Posted 20.08.2012 | UK

More than half of all jobs put under threat when retailers fell into insolvency were saved, a report from trade body R3 has found. Analysing data f...

Escaping the Stigma of Personal Debt

Joanne Wright | Posted 30.05.2012 | UK
Joanne Wright

With the economy remaining sluggish, it is no longer a rarity to see news of closed shops, failed businesses and company administrations. But it isn't just businesses receiving final demands for payment - debt in the UK has become personal. It is said that most of us are only one or two pay packets from bankruptcy.

Are These The Green Shoots Of Recovery?

PA | Posted 04.04.2012 | UK

Personal insolvencies have dropped to their lowest level since 2008, despite the tough economic conditions, official figures showed today. There we...

Football Clubs - Are They Businesses Worth Saving?

Brendan Guilfoyle | Posted 21.02.2012 | UK
Brendan Guilfoyle

This year, my firm helped another historic football club, Plymouth Argyle to survive. At times I thought we would have to admit defeat. Without doubt it was the most challenging rescue of my career.