The insolvency and restructuring profession rescued 297,000 jobs and returned 1.82bn to creditors in insolvency cases in 2019 the equivalent of around 800 jobs and 5m a day, according to a new report from R3, the insolvency and restructuring trade body.
The report, The value of the profession: how insolvency and restructuring supports the UK economy, is based on responses to a survey of representatives of 71 companies from the insolvency and restructuring profession in the UK carried out by Savanta ComRes.
Of the 1.82bn membersof the insolvency and restructuring profession returned to creditors in 2019, 353m was from corporate insolvency and restructuring cases, and 1.47bn from personal insolvency cases.
R3s research also shows the pr…
Read the full article at: https://www.eastmidlandsbusinesslink.co.uk/mag/finance/insolvency-and-restructuring-profession-rescues-297000-jobs-r3/
