Bankruptcies

Lady In Leisure applying for administration order; co shares suspended on AIM
Lady In Leisure Group PLC said it is applying for an administration order as it will fail to provide a full repayment to its creditors.
11:49 Monday 10th September 2001

Moulinex chairman says bankruptcy filing strong possibility - union source
Moulinex SA, a Brandt unit, faces a "strong possibility" of a bankruptcy application, the chairman Patrick Puy told union leaders, according to a delegate from the CFDT union.
18:22 Thursday 6th September 2001

US Q2 bankruptcies rise 24.5% yr-on-yr
The number of US bankruptcy cases filed in the the second quarter rose 24.5% to 400,394 from 321,729 in the same period a year earlier, the Administrative Office of the US courts said in a statement.
22:07 Friday 24th August 2001

Independent Insurance liquidators set up 'run-off' co to handle future claims
Joint liquidators to general insurer Independent Insurance Group PLC, Mark Batten and Daniel Schwarzmann of accountants PriceWaterhouseCoopers, have set up a separate company to handle any future insurance claims.
15:39 Friday 24th August 2001

CapitalTech still sees FY NAV not less than 31.3p after Broadspan provision
CapitalTech PLC said it has decided to provide fully against its investment in Broadspan PLC which was acquired in exchange for the company's previous investment - amounting to some £800,000 - in Telematix Ltd, which was subsequently acquired by Broadspan
13:41 Friday 24th August 2001

Collapsed insurance firm's chief bankrupt
The former chief executive of collapsed Independent Insurance has declared himself bankrupt.
15:02 Thursday 23rd August 2001

ExciteAtHome dismisses Ernst & Young auditors for questioning its viability
ExciteAtHome Corp said it dismissed Ernst & Young LLP as its independent auditors because the firm had raised doubts about ExciteAtHome's ability to continue as a going concern.
15:48 Wednesday 22nd August 2001

Dow Jones wins bidding for Bridge assets, to pay $6.5 million for contracts
Dow Jones & Co said unit Dow Jones Newswires has won the bidding for Bridge Information Systems Inc's equities and commodities/energy news contracts.
00:11 Friday 10th August 2001

England, Wales Q2 company insolvencies up 2.6% on Q1, up 9.3 yr-on-yr - DTI
There were 3,789 company insolvencies in England and Wales in the second quarter of 2001 on a seasonally adjusted basis.
11:10 Friday 3rd August 2001

UK govt unveils plans for changes to Competition Commission, insolvency law
The government has unveiled its proposals for making the Competition Commission independent and reforming Britain's bankruptcy laws, said Trade and Industry Secretary Patricia Hewitt.
12:41 Tuesday 31st July 2001

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