Grand Designs presenter Kevin McCloud’s troubled housing firm is at risk of insolvency leaving investors fearing they could lose thousands Kevin McCloud’s eco housing firm Happiness Architecture Bureau is in trouble The firm is facing formal insolvency leaving investors of losing their money Accountancy firm KPMG has called in the money it is owed by … Read more
UN committee looking into global insolvency practices runs low on cash By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 22:59 BST, 1 August 2020 The United Nations committee looking into global insolvency practices is gaining hands-on experience of running short of money. Working group five of the … Read more
Wirecard files for insolvency after the German fintech firm’s former boss was arrested and it admitted missing £1.7bn probably doesn’t exist The German payments group has filed for insolvency in the midst of a scandal Former boss Markus Braun was arrested earlier this week and released on bail Wirecard’s demise marks the first time in … Read more
Wherever you turn, the numbers are shocking. The economy shrank by nearly 6 per cent in March alone, the worst fall since monthly records began in 1997. The Bank of England expects an economic slump of 25 per cent in this quarter and 2020 is set to suffer from the deepest recession since 1706. Even … Read more
Insolvency agreements rose 40 per cent last month compared to same time last year due to economic hammer blow of coronavirus Insolvencies recorded by agency rose eight per cent to 10,397 during April Driven by an almost 40 per cent surge in Individual Voluntary Arrangements Method of insolvencies give debtors more power over their bankruptcies … Read more
Panicked firms call insolvency experts as the crisis worsens amid lockdown By Harriet Dennys For Financial Mail On Sunday Published: 23:07 GMT, 21 March 2020 | Updated: 23:07 GMT, 21 March 2020 Hundreds of firms have contacted insolvency specialists after Boris Johnson put Britain into lockdown. R3, which represents 800 restructuring firms including KPMG, EY, … Read more