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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

One in six bankrupts declaring assets have over £50,000 – R3

Posted on: 21.05.18
One-in-six (15%) people who declared their assets when entering bankruptcy in 2016-17 had assets worth over £50,000, serving as a stark reminder that you... <a href="">Read more</a>

New collective redundancy and insolvency guidance ‘very positive’

Posted on: 16.05.18
The Government’s proposed new guidance for consulting on collective redundancies in insolvency situations is ‘very positive’, says insolvency and... <a href="">Read more</a>

Q1 2018 insolvency statistics – R3 comments

Posted on: 27.04.18
Commenting on the Q1 2018 (January-March) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, vice-president of... <a href="">Read more</a>

Scottish Insolvency Statistics (Jan-Mar 2018): Comment from R3

Posted on: 25.04.18
Commenting on the Accountant in Bankruptcy’s corporate and personal insolvency statistics for the period January to March 2018 (Q4 2017-­18), Tim Cooper, Chair... <a href="">Read more</a>

Stuart Frith appointed as new President of R3

Posted on: 20.04.18
Stuart Frith, a Partner at Stephenson Harwood LLP, is taking over as the new president of R3, the insolvency and restructuring trade body. His year-long term starts on... <a href="">Read more</a>

Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

MPs: Carillion board “negligent or complicit” in company failure

Posted on: 16.05.18

Carillion’s board was responsible for its “rotten corporate culture” and was either “negligent or complicit” in the company’s collapse, MPs have said in a joint report....

Revealed: The Credit Awards winners 2018

Posted on: 16.05.18

The full list of winners of the Credit Awards 2018 has now been revealed, after a memorable night at the Grosvenor House...

Carillion used suppliers as credit facility, MPs find

Posted on: 14.05.18

Collapsed outsourcer Carillion used suppliers to “prop up its failing business model”, according to MPs investigating the company’s failure.

The Work and Pensions Committee...

Highest number of personal insolvencies since Q3 2012

Posted on: 27.04.18

A total of 27,388 people became insolvent in the first three months of 2018, official figures from the Insolvency Service show.

The 6.8 percent rise on the previous quarter...

Government to launch airline insolvency review

Posted on: 17.04.18

The Department for Transport (DfT) has launched a call for evidence to assess consumer protection in the event of an airline or travel company failure.

The government has published...

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