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Insolvency, administration, liquidation, bankruptcy and turnaround – all the news as it affects businesses and accountancy firms

NEWS

Bail company bails out

More than 300,000 US criminal defendants lost their bail bonds after LA-based Amwest Surety Insurance and its subsidiary, Far West Insurance, were declared insolvent in December 2001.

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COMMENT

Economics: We will survive

The doom-mongerers were right – to a point. But now it’s time for learning and healing, not picking the sores

Economics: Tissue anyone?

The US is now well placed to avoid recession, while the UK is reluctant to admit it’s caught the same cold.
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FEATURES

Taking stocks: Finance chiefs have a lot to answer for

Huge pay, questionable competence. Answers are needed about the role played by some of the FDs and CFOs at the most damaged financial institutions

I'm fine… no really, I'm fine

Anxiety, exhaustion, indecision, confusion, paranoia, sudden rages, inability to concentrate, procrastination ­ – it’s all there in the mind of an over-stressed FD
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ANALYSIS

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