# Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds

- Source: Guardian World
- Published: 2026-10-25T09:00:57+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/oct/25/bust-companies-revived-in-phoenix-deals-more-likely-to-fail-again-study-finds
- Canonical: https://groundlevelnews.com/story/bust-companies-revived-in-phoenix-deals-more-likely-to-fail-again-stud-53e81d/

Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears to be back Insolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests. The study is the latest to ra

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian World._