Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3indicating that a steep rise may start as early as this October.
The R3 research based on a member survey of insolvency and restructuring professionals highlights that an overwhelming majority (93.7 per cent) of respondents expect corporate insolvency numbers to rise over the next year, with nearly six-in-ten (56 per cent) predicting that the increase will occur between October and December 2020.
More than half (56.1 per cent) of those surveyed said that they expected corporate insolvency numbers would be significantly higher in 2020 than in 2019, while 37.6 per cent thought th…
Read the full article at: https://www.scottishlegal.com/article/r3-scotland-warns-of-winter-corporate-insolvency-spike
