The High Court has placed two landbanking businesses into provisional liquidation on the grounds of public interest, following an investigation by the Insolvency Service.
A land banking operation which was continuing the work of a business previously shut by the Insolvency Service has itself been wound up.
The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.
Three companies providing will and trust writing services were wound up last week after an operation by Company Investigations (CI), a branch of the Insolvency Service.
The Court of Appeal has ruled that pension scheme liabilities are prioritised over other unsecured claims when companies collapse.
The Department for Business, Innovation and Skills (BIS) has delayed tackling "phoenix" companies until next spring due to industry opposition to reform.
The High Court has ordered the closure of six land banking companies.
The rate of insolvencies among UK businesses fell by 30% last month year-on-year, according to Experian.
Europe must focus on growth as well as cutting spending to reduce national deficits, US Treasury Secretary Timothy Geithner says.
A third more companies fell into bankruptcy in 2009 than the year before, according to official statistics released today.
There was a 6% rise in the number of companies in financial distress in Q4 2009, bringing the total to 140,000.
Up to 40,000 businesses could go bust next year, according to a study by Begbies Traynor.
Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.
Almost 30,000 people will probably become insolvent in the first quarter of the year, according to Grant Thornton.
Today's insolvency picture could get much worse through the rest of this year into 2008, says Grant Thornton, the financial and professional services firm.
More than 10,000 people a month are expected to declare themselves insolvent this year as a culture of unsustainable debt grows among the "buy now, pay never" generation, says the Times .
A LONG-HELD LAW which placed banks above other claimants in insolvency cases has been overturned by the House of Lords but this could make getting a small business loan tougher, says the Daily Telegraph .
The bankruptcy courts do have the power to impose much lengthier periods of bankruptcy than is generally known under the new laws, if it can be proven the individual deliberately incurred debts which they knew they could not afford to pay.
The Tenet Group has just announced it has "reluctantly" called off its plans to buy the troubled Lifeboat Group.
Insolvency experts BDO Stoy Hayward has filed bankruptcy proceedings against three divisions of Lifeboat Financial Group, a year after Legal & General also filed a bankruptcy petition on another division of the intermediary firm.
A new strategy has been unveiled by government officials and consumer bodies to cope with the growing tide of indebtedness and financial exclusion.