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Business briefing · Sunday, October 25, 2026 · Morning edition · Story 2 of 5
Phoenix deals revive bust companies but risk failure again
A study finds that insolvent businesses reacquired by previous management in 'pre-pack' deals are more likely to fail again. These deals also tend to pay less to creditors.
Why it matters: This practice, known as phoenixism, raises concerns about how companies are revived and the impact on creditors.
Sources: The Guardian Business
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