Corporate insolvencies fell to 778 in August 2020 compared to the previous months figure of 961 and are significantly lower than they were in August 2019 (1,369).
Personal insolvencies fell to 6,359 in total compared to last months figure of 7,330 and are significantly lower than August 2019s figure (8,892).
Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the August corporate and personal insolvency statistics for England and Wales:
The decrease in corporate insolvencies over August was driven by a drop in administrations and compulsory liquidations, while the fall in personal insolvencies is driven by a r…
Read the full article at: https://bdaily.co.uk/articles/2020/09/16/august-personal-and-corporate-insolvency-statistics-r3-response