By Douglas Fraser
Business and economy editor, Scotland
The number of Scottish companies facing insolvency is expected to rise steeply as government loans have to be paid.
It comes despite restrictions on the economy being relaxed.
R3, the trade body for insolvency and restructuring accountants, said the first quarter of this year has seen a sharp drop in companies and individuals becoming bankrupt.
Corporate insolvencies in January to March were down 31% on the preceding quarter.
The figure was 63% lower than the first quarter of last year.
Personal bankruptcies and the procedure known as …
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