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TURNAROUND, RESTRUCTURING & INSOLVENCY NEWS

Industry reacts to most profound insolvency law changes in 20 years

21 May 2020 Marcel LeGouais

New legislation to encourage lenders to help firms trade out of the economic damage left by Covid-19 has been laid before parliament

Corporates taking emergency funding forced to curb executive pay

19 May 2020 Marcel LeGouais

The Bank of England is forcing all firms planning to draw on its emergency financing facility, for a term beyond May 2021, to restrain executive pay and dividends. Companies using the funding will also be named from June 4

Most recent in TRI

Mazars appointed as trustees to ex Russian bankers guilty of multi-billion dollar fraud

15 May 2020

Corporate insolvencies down year-on-year, but bleaker picture lies behind numbers

15 May 2020

Spike in IVAs drives up personal insolvencies in April

15 May 2020

Over 300,000 firms on emergency loans, but “unsustainable debt” levels could hit £100bn

12 May 2020

Most recent in TRI

Mazars appointed as trustees to ex Russian bankers guilty of multi-billion dollar fraud

15 May 2020

Ann Nilsson, Matt Carter and Ed Thomas at Mazars, the international accounting and advisory firm, have been appointed as joint trustees in the bankruptcy of Ilya Yurov and Nikolay Fetisov, the former owners of Russian bank National Bank Trust (NBT).

Corporate insolvencies down year-on-year, but bleaker picture lies behind numbers

15 May 2020

There were just under 1,200 company insolvencies in April across England and Wales, marking a drop on April 2019, but much larger figures are lurking beyond the statistics

Spike in IVAs drives up personal insolvencies in April

15 May 2020

Total personal insolvencies increased eight percent to more than 10,300 during April, compared to the same month last year, driven largely by a near 40 percent surge in IVAs

Over 300,000 firms on emergency loans, but “unsustainable debt” levels could hit £100bn

12 May 2020

More than 300,000 businesses have now benefitted from £14bn in government-backed loans, according to Treasury figures, but a trade body has warned that unsustainable debt across private firms could surge beyond £100bn

Calm before the storm? Personal insolvencies fall, but many may be “one change away”

30 Apr 2020

Personal insolvencies have fallen during the first quarter, but experts have warned many people are just one change away from serious debt problems, and that bankruptcies are rising

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Forbearance requests to lenders surge to nearly 1.2 million

07 May 2020 Marcel LeGouais

The Finance & Leasing Association (FLA) has demanded the government take action to support non-bank lenders “in days”, after forbearance requests to its members reached almost 1.2 million

Lenders provide 8,500 more emergency loans to SMEs

30 Apr 2020 Marcel LeGouais

A total of 25,000 SMEs have now made successful applications for business interruption funding, as lenders approved more than 8,500 new loans this past week

Chancellor announces “Bounce Back Loans” for micro businesses – with 100% guarantee

27 Apr 2020 Marcel LeGouais

The chancellor has today announced a support scheme for small businesses that will offer loans up to a maximum of £50,000, or 25 percent of their turnover, with the government paying the interest for the first 12 months

Lender’s administrators eye legal action to recover assets

24 Apr 2020 Marcel LeGouais

The administrators of Lendy, the collapsed peer-to-peer lender, have extended the administration for three years – and anticipate “legal action’ to recover certain assets

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TRI 250 - an index of influence and best practice

Chris Campbell

Investment Director

rcapital

Frances Coulson

Senior Partner Head of Insolvency & Litigation

Moon Beever

Kirstie Provan

Partner

Begbies Traynor Group

Neal Weekes

Director

Gordon Brothers

Steven Cooklin

Chief Executive

Manolete Partners

See all TRI 250 members

Upcoming events for your calendar

7 Sep

Credit Awards

Grosvenor House Hotel, London

The Credit Awards is the flagship event for the UK’s credit industry, recognising and rewarding hard work and best practice. The Credit Awards returning for its 21st edition.

BOOK YOUR TABLE

15 Sep

Parliamentary Reception

Houses of Parliament, London

The Parliamentary Reception is the only networking event of its kind. Bringing together those who set the regulatory tone and those who implement it ‘on the ground’, Credit Strategy have created the perfect opportunity for the government to meet face-to-face with credit industry professionals.

Learn more

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Premium: The outlook in credit as Brexit approaches

With just weeks left before a potential disorderly exit from the EU, Credit Strategy highlights why credit professionals should be aware of consumers’ inability to absorb a shock and why younger customers could be most at risk

Economic Outlook: Eurozone growth at decade high - Professor Trevor Williams

Presentation by Professor Trevor Williams, former Chief Economist Lloyds Bank Plc, at the TRI Conference 2017

Litigation Funding: de-risking restructuring and turnaround - Maurice Power, Ferguson Litigation Funding

Presentation by Maurice Power, Ferguson Litigation Funding at the TRI Conference 2017

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