Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of Novembers corporate and personal insolvency statistics for England and Wales:
The increase in corporate insolvency numbers in November has been driven by a rise in Creditors Voluntary Liquidations (CVLs). However, Company Voluntary Arrangements (CVAs), Administrations and Compulsory Liquidations all fell compared to the previous month.
Numbers of all types of personal insolvencies fell in November compared with October, leading to an overall month-on-month drop of over a fifth. The fall compared with the same month last year is less preci…
Read the full article at: https://www.businessupnorth.co.uk/corporate-and-individual-insolvency-on-the-rise-in-november/