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Fife engineering firm secures four-year CVA with 32p dividend for creditors

Fife engineering firm secures four-year CVA with 32p dividend for creditors

Opus Advisory Group secures unanimous creditor backing for Logan Bruce restructuring after failed sale process, preserving 21 jobs

Dina Kovacevic
Dina Kovacevic
New filingsNew filings
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TalkTalk enters administration as BT acquires businesses in £400 million rescue

TalkTalk enters administration as BT acquires businesses in £400 million rescue

Alvarez & Marsal completes pre-pack sale safeguarding approximately 900 jobs and services to 2.5 million customers after failed attempts to sell the debt-laden telecoms group

Dina Kovacevic
Dina Kovacevic
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Ardmore administrators press ahead with litigation after £3.4m HMRC recovery

Ardmore administrators press ahead with litigation after £3.4m HMRC recovery

Litigation and insurance claims could add to Ardmore creditor recoveries

Dina Kovacevic
Dina Kovacevic
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High Court supports receivership over Vietjet assets to enforce $250 million judgment debt

High Court supports receivership over Vietjet assets to enforce $250 million judgment debt

Court says post-judgment receivers are appropriate after repeated enforcement difficulties, but initially excludes assets located in Vietnam

Dina Kovacevic
Dina Kovacevic
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Claire’s UK administration generates £4 million trading surplus as fees rise

Claire’s UK administration generates £4 million trading surplus as fees rise

Interpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money

Dina Kovacevic
Dina Kovacevic
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Glencore wins right to pursue $236 million proprietary claim against Prax Refinery

Glencore wins right to pursue $236 million proprietary claim against Prax Refinery

High Court questions earlier authority that liquidation cuts off a fraud victim’s right to rescind, allowing Glencore to pursue a claim that could elevate it above the insolvency waterfall

Dina Kovacevic
Dina Kovacevic
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Revel Collective Administrators Report on £16.5m Bars and Pubs Break-Up

Revel Collective Administrators Report on £16.5m Bars and Pubs Break-Up

Six months after a £16.5m acquisition unravelled, the joint administrators report on a same-day pre-pack sale to two buyers and a shortfall for unsecured creditors

Insolvency Insider
Insolvency Insider
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LK Bennett Administrators File First Progress Report as Gordon Brothers Unveils Licensing Push

LK Bennett Administrators File First Progress Report as Gordon Brothers Unveils Licensing Push

A&M holds £11.4 million six months into the administration, but millions in unpaid fees and expenses remain as Gordon Brothers moves LK Bennett toward a licensing-led relaunch

Insolvency Insider
Insolvency Insider
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Brothers' £4 Million Property Feud Leads to Failed Winding-Up Bid

Brothers' £4 Million Property Feud Leads to Failed Winding-Up Bid

The High Court refused to wind up the Isle of Man company after finding the petitioner's controller was solely responsible for its deadlock

Insolvency Insider
Insolvency Insider
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Petropavlovsk Liquidators Cleared to Approve US$40 Million Assignment Despite Russian Sanctions

Petropavlovsk Liquidators Cleared to Approve US$40 Million Assignment Despite Russian Sanctions

The High Court finds liquidators can consent to an assignment estimated by the parties at up to US$40 million without breaching UK sanctions

Insolvency Insider
Insolvency Insider
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Directors ordered to pay over £77 million for "straightforward misappropriation"

Directors ordered to pay over £77 million for "straightforward misappropriation"

Gold & General liquidators win summary judgment after court finds directors stripped insolvent company of 84% stake in Metallon for no consideration

Dina Kovacevic
Dina Kovacevic
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SPV administrations expose deeper problems at Fenchurch Legal

SPV administrations expose deeper problems at Fenchurch Legal

Administrators’ proposals across four additional funding vehicles show millions raised from investors and channelled into Fenchurch Legal, while competing claims to loan book recoveries leave ultimate returns uncertain

Dina Kovacevic
Dina Kovacevic