Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on Fridays publication of the Governments monthly corporate and individual insolvency statistics for May:
Todays figures show corporate insolvency numbers declined between April and May of this year, while the number of individual insolvencies increased, largely driven by a rise in the numbers of Individual Voluntary Arrangements (IVAs).
The corporate insolvency figures show the Government COVID-19 support measures appear to be helping many businesses that may otherwise have struggled during this period of economic disruption. This, in part, explains the drop …
Read the full article at: https://www.businessupnorth.co.uk/r3-responds-to-corporate-and-individual-insolvency-statistics-for-may-2020/
