Topic
insolvency
2 stories related to this topic, newest first.
Financial Timesfinance18 days agoDeveloping
Administrators Sue MFS Owner for Alleged Misappropriation of £1.3bn
Administrators of the collapsed mortgage firm MFS have filed a lawsuit accusing its owner of misappropriating at least £1.3 billion. The suit alleges the funds were used to support a lavish lifestyle. The company entered administration after its collapse.
news.sky.comworld31 days agoDeveloping
Barclays Seeks Recovery of £500 Million Loan to Collapsed Lender Market Financial Solutions
Barclays aims to recover a significant portion of the £500 million it lent to Market Financial Solutions, a mortgage lender that has collapsed. Insolvency officials overseeing the process expressed uncertainty about the total amount that can be recovered. The information comes fr…