Liquidators’ Listings, Prices Spike on More Covid Bankruptcies – Bloomberg Law

Liquidators and auctioneers saw a booming business during the Covid-19 pandemic even as other companies faced financial distress. Many floundering businessesincluding Century 21 Department Stores and Christopher & Banks Inc. to Loves Furniture Inc.were forced to sell off their inventory, equipment and other assets, often in bankruptcy. The large volume of business owners assets that…

Buying Insolvent UK Companies Post COVID: Ten Top Tips For PE Investors – JD Supra

Many investors, including PE firms, are waiting with bated breath to see how the UK economy, currently dependent on COVID-19-related government support, will respond once that stimulus is withdrawn. An increase in UK company insolvencies is expected, creating opportunities for savvy investors to acquire businesses at bargain prices, while at the same time appearing to…

Begbies Traynor appoints personal insolvency manager in Scotland – Bdaily

Member Article Leading professional services firm Begbies Traynor has appointed personal insolvency specialist David Tannock as a manager based at its Glasgow office. With more than 18 years experience in the insolvency sector, David joins from an accountancy and business advisory services firm in Glasgow where he spent almost four years as an insolvency manager,…