The total number of insolvencies in England and Wales has risen 12% on the same period last year and are at their highest level for five years, according to the Insolvency Service

Creditors of café chain Patisserie Valerie have dropped KPMG as administrators after conflicts of interest arose relating to Grant Thornton, the auditor for both businesses

Despite a number of high profile insolvencies hitting the headlines, the number of companies entering administration in England and Wales fell during the second quarter of this year

The government has launched a consultation on the current regulatory framework for insolvency practitioners, which includes considering whether to establish a single regulator for the sector

Paul Dumbell, director, and David Costley-Wood, partner, at KPMG have been appointed as joint administrators to GRH Food Company Ltd, a Snowdonia-based cheese processing business, which has collapsed after 30 years of operation with the loss of over 80 jobs

High street fashion chain Genus UK Ltd, trading as Select, has agreed a company voluntary arrangement (CVA) after it went into administration in early May putting hundreds of jobs at risk

The Arcadia retail group has survived a series of votes over seven company voluntary agreements (CVAs) which saw landlords agreeing to rent reductions on stores

Restructuring specialist Leonard Curtis Business Solutions Group has opened its first offshore office in the Channel Island of Guernsey to provide specialist insolvency services and asset protection

Two student housing investors have been jailed after establishing a ‘Ponzi’-type scheme to pay-off financiers of their previously failed companies by defrauding clients

RSM Restructuring Advisory has been appointed joint administrators at three companies within the Lendy Group, marking one of the biggest collapses in the peer-to-peer lending market to date

Blair Nimmo, partner, and Alistair McAlinden, director, of KPMG have been appointed joint administrators of Scottish IT company Hutchinson Networks Ltd, which has collapsed following cashflow difficulties, with the loss of 100 jobs

EY has been called in to handle the administration of British Steel after last-minute attempts to arrange a rescue deal failed and the government announced the company has gone into compulsory liquidation

Celebrity chef Jamie Oliver’s restaurant group has gone into administration after failing to secure additional financial backing with administrators KPMG closing all but threee restaurants immediately

Thomas Hulme, cryptoasset specialist at law firm Mackrell Turner Garrett, examines the rules of insolvency and cryptoassets, and how creditors can recover money from an insolvent person or business’s digital wallet

Members of a horse racing syndicate, Layezy Racing Owners Club, whose owner has been declared bankrupt face losing millions of pounds, because the insolvency means the horses are not able to run under the regulations of the racing industry’s ruling body