When companies go bust, the law does little to help suppliers get repaid – here’s a possible solution – The Conversation UK

Insolvency is stalking many UK businesses in the wake of coronavirus and Brexit. This has been particularly visible in retail, with 2021 already seeing stationery chain Paperchase in administration and former high-street leaders Debenhams and Topshop being mopped up by online upstarts Boohoo and Asos. Meanwhile, pubs and restaurants are lobbying hard to be allowed…

When companies go bust, the law does little to help suppliers get repaid – here’s a possible answer – The Conversation UK

Insolvency is stalking many UK businesses in the wake of coronavirus and Brexit. This has been particularly visible in retail, with 2021 already seeing stationery chain Paperchase in administration and former high-street leaders Debenhams and Topshop being mopped up by online upstarts Boohoo and Asos. Meanwhile, pubs and restaurants are lobbying hard to be allowed…

Corporate insolvency: Making the resolution process better – The Financial Express

Besides, it was found that companies, in general, lack a proper documentation model83% of insolvency professionals opined that companies lacked this for both statutory register and non-statutory register. By Neeti Shikha & Urvashi Shahi Timely resolution proving elusive has become the biggest bottleneck in the corporate insolvency resolution process. Indeed, there is an inordinate delay…