Companies have been told by the Government’s Insolvency Service to consider the impact of rising prices and its effect on household incomes -meaning debts could be written off or repayments halved. Continue reading
Category Archives: Insolvency
Insolvency: 900,000 UK businesses are ‘at risk’ of closure
One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research. Continue reading
The number of company insolvencies reaches highest level in five years
The number of company insolvencies has reached the highest level since 2014, according to the latest data. Continue reading
Bankruptcies expected to rise to highest levels in five years
The amount of people declaring bankruptcy is anticipated to reach its highest quarterly level in five years. Continue reading