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 Januarys corporate and personal insolvency statistics for England and Wales:
Januarys fall in corporate insolvency numbers has been driven by a fall in Creditors Voluntary Liquidations, administrations, and Company Voluntary Arrangements.
These figures dont reflect the fact that the economic fallout from the pandemic is continuing to hit businesses, individuals, and the wider economy. Its clear the Governments support packages which were extended again in December are helping prevent the rise in insolvency numbers we would have expected…
Read the full article at: https://www.businessupnorth.co.uk/monthly-corporate-and-individual-insolvency-statistics/