The insolvency priority waterfall
What happens to the funds raised by Insolvency Practitioners (IPs) after they are appointed as Administrators or Liquidators? This is a mystery to almost everyone outside the insolvency
Restructuring & Insolvency
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March insolvency stats: Worrying increase in business closures
Shocking corporate insolvency figures for March just published by the Insolvency Service have revealed the magnitude of the problems faced by businesses up and down the UK as
A small business take on Next’s lower profit forecast
The recent news that one of the UK’s best run and most respected businesses predicts that its sales and profits will fall back in 2023 will come as
The Economic Crime and Corporate Transparency Bill
Having successfully navigated its way through the Commons, The Economic Crime and Corporate Transparency Bill is now passing through the Committee stage in the House of Lords, with
Why shareholders come behind creditors in the insolvency queue
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 after a business
Devaluation in a formal insolvency – the impact of costs
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 looked at overall