1. Overview The Insolvency Service is an executive agency of the Department for Business and Trade (DBT) and helps deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors. Acting as oversight regulator of Insolvency Practitioners (IPs) on behalf of the Secretary of State for DBT, the Insolvency…
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What do you do if the bank accidentally sends you more than $1 million? A court has heard this happened to former lawyer Chaim Geron, who’s accused of quickly transferring the money offshore, declaring bankruptcy and leaving the country under a false name. What followed was an international pursuit by the person charged with handling…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Workers’ Union of Hindustan National Glass & Industries Ltd. (HNGIL) has raised concerns over the conduct of M/s Exclusive Capital Ltd. (ECL), a Reserve Bank of India (RBI)-registered Non-Banking Financial Company (NBFC), during the ongoing corporate insolvency process of HNGIL. In a representation dated June 24, the union urged the RBI and Justice (Retd.)…
The Insolvency Company, a part of Monahans, has announced the expansion of its newly integrated insolvency team, reflecting the firm’s continued growth across the South and South West. The insolvency team now operates across all 11 Monahans offices, includingTrowbridge, and Swindon. This move means businesses and individuals throughout the region have easier access to support…
1. Data sources and data validation Individual-level company insolvency data for England & Wales, Scotland and Northern Ireland were sourced from Companies House (except for compulsory liquidation data for England & Wales and Northern Ireland, see below). Companies House conducts a series of basic checks on the data, including the removal of duplicate records, prior…
The Insolvency Company, a part of Monahans, has announced the expansion of its newly integrated insolvency team, reflecting the firm’s continued growth across the South and South West. The insolvency team now operates across all 11 Monahans offices, includingTrowbridge, and Swindon. This move means businesses and individuals throughout the region have easier access to support…
Financial distress rarely arrives overnight. Margins erode, cash weakens, and boardroom optimism obscures early signs of danger. It is in these moments, before insolvency sets in, that expert advisors make the difference between survival and shutdown. Legal and restructuring specialists agree: the earlier the intervention, the wider the recovery options. Shane Harron, partner at Dillon…