As you probably saw over the Christmas period, Citylink became the latest high-profile insolvency to hit the headlines. As someone who has spent most of their professional life working in insolvency, I suppose I should be used to it. However, I still find myself surprised at the lack of understanding of the practical and legal situation in the press.

At the beginning of the process, the press tends to have quite an understandable focus on the human impact. In this case, the holiday season timing made the story particularly poignant. I think we can all understand the terrible impact of learning you will be potentially losing your job at Christmas. You cannot help but feel for the staff in this situation.Continue reading