R3 responds to corporate and individual insolvency statistics for May 2020 – Business Up North

Eleanor Temple, chair of R3 in Yorkshire 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…

These restaurant chains have declared bankruptcy due to the coronavirus – Restaurant Business Online

Photograph: Shutterstock The coronavirus pandemic and ensuing shutdown have had a massive impact on restaurants, with industry sales at one point cut in half compared tolast year. Some chains that had been struggling before the pandemic were unable to weather the storm. Seven chains have declared bankruptcy, though thesemay well be the tip of the…