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LATEST

Brazil’s Petrobras investigates exporting LNG to Asia●Navy deactivates two illegal refining sites in Rivers, recovers 34,000 litres of diesel●The Roth Conversion Deadline Is Dec. 31, but the Tax Bill Comes Due Jan. 15. Retirees Who Don’t Prepay Get Hit With a Penalty on Top.●Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000●Bitcoin Is Surging, But Investors Are Still Worried About Bitcoin Treasury Companies. Here's Why They're Right.●Target Is Up 66% This Year. Here's Whether the Dividend King Still Has Room to Run After Earnings.●1 Stat That Makes Hershey Stock Hard to Ignore Heading Into Fall●Gap Has 4 Brands and Only One Is Really Growing. Gap Stock Now Depends on It.●Brazil’s Petrobras investigates exporting LNG to Asia●Navy deactivates two illegal refining sites in Rivers, recovers 34,000 litres of diesel●The Roth Conversion Deadline Is Dec. 31, but the Tax Bill Comes Due Jan. 15. Retirees Who Don’t Prepay Get Hit With a Penalty on Top.●Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000●Bitcoin Is Surging, But Investors Are Still Worried About Bitcoin Treasury Companies. Here's Why They're Right.●Target Is Up 66% This Year. Here's Whether the Dividend King Still Has Room to Run After Earnings.●1 Stat That Makes Hershey Stock Hard to Ignore Heading Into Fall●Gap Has 4 Brands and Only One Is Really Growing. Gap Stock Now Depends on It.●

Front Page

Recruiter places ‘phoenix’ firm into liquidation just months after repurchase erased millions in debt

Business | The Guardian · 1h ago

Recruiter places ‘phoenix’ firm into liquidation just months after repurchase erased millions in debt

New company reportedly quickly fell behind with promised repayments to administrator A recruitment executive who was allowed to buy back the assets of his bust company in instalments, despite it accumulating almost £3m of debt, has placed his new business into liquidation after falling behind with promised payments to the administrator. The news is the latest event to raise questions about the practice of “ phoenixism ”, accounting’s controversial art of liquidating companies to allow directors to return with a new entity, free of debts. Continue reading...

Read the full story at Business | The Guardian →

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