The number of corporate insolvencies is about to erupt, but what is truly going on behind the increase? Lynne Darcey Quigley from commercial debt recovery advisory firm Darcey Quigley & Co discusses the sharp rise and outlines how corporations can mitigate the risk.
In 2022, global corporate insolvency numbers are expected to increase by 33%, returning to levels not seen since before the pandemic began. In fact, professional services firm Deloitte estimates that they could be even higher. In 2009, during the global financial crisis, the figure was 60% less. But what does that mean for corporates today, and is there any way of halting the landslide?
In the UK, we are beginning to see corporate insolvencies increase…
