Solicitors in Essex

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New wave of insolvency and creditor action anticipated

New wave of insolvency and creditor action anticipated

A new study by insolvency trade body R3 has found that 93.7 per cent of practitioners expect a higher number of corporate insolvencies in the next 12 months, with 56.1 per cent saying they expected a ‘significantly higher’ number of cases and action. This would seem to be at odds with the statistics from the Insolvency Service for April, May and June, which show that the number of insolvencies is down respectively by 17, 30 and 50 per cent compared to the same months last year. Continue reading...

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