Do it our way - Insolvency Service on verge of insolvency

The UK government's Insolvency Service is all but insolvent. Experts suggest the group, which polices bankrupt companies, liquidates failed businesses and disqualifies unfit directors, would be broke had it not received an emergency injection of cash from the government. After reporting an underlying deficit of 12m last year, the agency is heading for a deficit of 5m to 7m for 2012-13, according to Whitehall officials ... READ MORE

Released by the Financial Times - 14 March 2013