Former Manchester United defender Wes Brown is now reportedly renting a property from a current Old Trafford star after being officially declared bankrupt last month. Brown spent a total of 19 years at the ‘Theatre of Dreams’, making 262 appearances and winning 19 trophies during his time at the club. At the peak of his…
Private equity firms buy businesses in the hopes of flipping them for a profit a few years later. The idea is simple enough. But companies bought by private equity firms are 10 times as likely to go bankrupt as those that arent. The industrys defenders claim that this is simply because private equity firms often…
Vanessa Stuart is a director in our Restructuring & Insolvency Practice Group based in our Manchester office. Vanessas practice covers all aspects of restructuring, business recovery, corporate and personal insolvency law, acting for banks, asset-based and other secured lenders, as well as insolvency practitioners and those being pursued by insolvency practitioners. Her particular area of…
Customers left devastated by collapsed building companies say it should be harder for directors of failed businesses to simply walk away once a company goes into liquidation. A group of Hallbury Homes customers, who had made deposits, discovered when the business went into liquidation in February their domestic building insurance policies hadn’t been taken out…
TAIPEI (Taiwan News) A shooting occurred in Bali District, New Taipei City on the morning of Sunday (April 30), and left one victim with a minor wound to his leg. After a quick investigation into the incident, police arrested a suspect, a man surnamed Chang () on Monday (May 1), reported CNA. The shooting involved…
Linklaters has announced the appointment of Rebecca Jarvis, partner in the firms London office, as its new global co-head of banking. Rebecca succeeds Philip Spittal as he retires from the firm and will join existing global co-head Ben Crosse, who is based in Madrid. Rebecca becomes the first female lead of the global Banking practice,…
(MENAFN– Bazoom Group) Being in financial trouble can be an intimidating and most times, overwhelming experience. Not only could it take a toll on your mental health, but it can affect your ability to make important life decisions. Fortunately, there are debt relief programs available that can help you get out of debt and start…
Sky-high inflation, turbulent markets and ballooning interest rates have made life tough for consumers. To wit: Half of Americans reported that they are financially worse off now compared to last year, according to a recent Gallup poll. Debtholders, thanks to higher borrowing costs, have had it particularly rough. If your red ink has become overwhelming,…
The company insolvency statistics from January to March 2023 have been released, between 1 January and 31 March 2023 (Q1 2023), there were 5,747 (seasonally adjusted) registered company insolvencies. Industry experts give their views and thoughts below: Ian Hepworth, director of Croydon-based Funding Solutions UK: IThough insolvencies in the first quarter were down slightly on the fourth…
Fresh blow for the construction industry as ANOTHER building company collapses into administration Qld Cedar Constructions has gone into administration Questions raised over whether it had a proper licence Latest blow to embattled construction industry By Max Aitchison For Daily Mail Australia Published: 16:51 AEST, 2 May 2023 | Updated: 17:56 AEST, 2 May 2023