Q1 2017 insolvency statistics for England & Wales, published by the Insolvency Service, have shown a rise in both personal and corporate insolvencies.
The statistics show that corporate insolvencies have risen 4.5% from Q4 2016 to Q1 2017 and are 5.3% higher than this time last year.
Adrian Hyde, president of insolvency and restructuring trade body R3, commented on this rise: Having been flat last year and having fallen slowly from a post-financial crisis peak before that, corporate insolvency numbers are starting to move up again. Low interest rates, creditor forbearance, and a growing economy mean insolvency numbers are still c…
Read the full article at: https://www.accountancyage.com/2017/05/05/rise-in-personal-and-corporate-insolvencies-for-q1-2017/