Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears…
The Guardian reports: Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears to be back Insolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Guardian and Insolvent.
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Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Guardian, Insolvent
- Section
- Business
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