Shropshire Council looks to declare financial emergency

Rob TriggBBC political reporter, Shropshire and Andy GiddingsBBC News, West Midlands BBC Heather Kidd said effective bankruptcy was not an option she wanted to accept Shropshire Council is expected to declare a “financial emergency” next week at a cabinet meeting as it struggles to balance the books. The Liberal Democrat authority’s chief executive will be…

Kroll snaps up Irish corporate insolvency practice Kirby Healy

The Kirby Healy team will integrate with Kroll’s existing operations to deliver fraud and white-collar crime investigations, forensic accounting and litigation support. Credit: Vitalii Vodolazskyi/Shutterstock.com. Kroll, a company specialising in financial and risk advisory services, has acquired Kirby Healy, a corporate insolvency practice in Dublin, Ireland. The deal strengthens Kroll’s restructuring capabilities in the region,…

How and why US states borrow money

Facebook Twitter LinkedIn Reddit Email When states take on debt, it’s usually for large infrastructure projects that may benefit multiple generations — for example, replacing bridges, building hospitals, or expanding highways and transit systems. “Unlike the federal government, states generally limit the use of debt to support capital projects, not operating expenditures,” says Kathryn Vesey…