The number of people going financially insolvent is poised to spike in the run-up to Christmas as businesses fail and unpaid debts mount up, a survey of experts suggests.
The majority of personal insolvency experts who think there will be an increase in cases in the coming year think the spike will happen towards the end of 2020, although a significant proportion predict it will be in early 2021, according to the findings frominsolvency and restructuring trade body R3.
More than two-fifths (41.6%) of those who work in personal insolvency predict the number of people going financially insolvent in the next 12 months will be significantly higher than last year, the survey found.
A further 44.5% in R3s member survey think personal insolven…
Read the full article at: https://www.eveningexpress.co.uk/news/business/spike-in-personal-insolvencies-could-happen-in-run-up-to-christmas-survey-finds/
