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Ex TV Channel boss banned from being a Company Director

UK debt collections

But five unsecured creditors – owed a total of £347,860 – are unlikely to see the return of any of their money. In an update, published last week, the liquidators said HM Revenue & Customs is owed £1,499,849 and that money will be available to pay some of this claim, with £275,000 having already been paid back.

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Some major retailers filed for Chapter 11 bankruptcy in 2019, including Beauty Brands, Innovative Mattress Solutions, Things Remembered, Z Gallerie, Kona Grill, Perkins & Marie Callender’s, Sugarfina, Forever 21, and Barneys New York. This is a good guide for distressed businesses to use when negotiating debt obligations.