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Portsmouth FC on the verge of insolvency

Portsmouth Football Club owes £22million to finish the current football season. Wtih debts at that level, the club is facing insolvency.

When the club’s management stands before the high court on March 1st, they will need to demonstrate that they can generate the cash injection required to stay in the game. (more…)

Category : Corporate Insolvency,Insolvency news — Tags: , — admin @ 3:31 pm February 22, 2010

Bosses opting for personal insolvency to keep businesses afloat

It has been reported that many bosses are resorting to personal insolvency to keep their businesses afloat.

Business leaders have turned to personal loans and even credit cards to finance their companies. With this in mind it is no wonder that the number of personal insolvencies increased by record figures in the first nine months of 2009. (more…)

Category : Corporate Insolvency,Insolvency news — Tags: — admin @ 3:04 pm February 20, 2010