Forensic Accounting
Case Study
CASE STUDY Cryptocurrency – Cubits exchange insolvency
Cubits used PaySec to overcome the payment restrictions in place in China. PaySec was responsible for the cash settlement of BTC purchased by Cubits’ Chinese customers. The accounts of three Chinese customers were allegedly hacked.
Why shareholders come behind creditors in the insolvency queue
March 23, 2023
Fortunately, few people have any direct experience of a company failure. When they do, the priority ‘waterfall’ for distribution of what’s left in the pot […]
Devaluation in a formal insolvency – the impact of costs
March 16, 2023
So far in our series on what a formal insolvency does to a previously solvent balance sheet and how it impacts stakeholder recoveries, we have […]
The best way forward when struggling to repay a Bounce Back Loan
March 9, 2023
When the government launched its business support loan schemes early in the pandemic, there was widespread praise for the initiative. The speed of roll out, […]
How business liabilities can balloon during insolvency
March 6, 2023
Following our first three articles on business devaluation during insolvency, we now turn our attention to the liabilities in the balance sheet. What is often […]