Corporate insolvency levels dropped by 16.6% in March 2024, while personal insolvencies also fell by 17.2% during the same period, according to new statistics from the Insolvency Service.
Corporate insolvencies decreased to a total of 1,815 compared to February’s total of 2,177, and decreased by 17.2% compared to March 2023’s figure of 2,193.
Personal insolvencies also dropped by 18.9% in March 2024 to a total of 8,708 compared to February’s total of 10,740, and decreased by 9.3% compared to March 2023’s figure of 9,598.
Tim Cooper (pictured), President of R3, the UKs insolvency and restructuring trade body, and Partner at Addleshaw Goddard LLP, comments on the publication of the March 2024 insolvency statistics: The biggest driver …
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