The deluge of corporate insolvencies that some had predicted would follow the Covid-19 pandemic has yet to materialise despite a steady rise in the number of business failures over the past year, according to insolvency experts.
In a new report published on Wednesday, Interpath Advisory, the Dublin-based restructuring and corporate advisory firm founded last year by former partners in Deloitte and KPMG, said the Revenue Commissioners debt warehousing scheme (DWS) coupled with the lax approach that creditors are taking to debt recovery is allowing for relatively subdued insolvency activity.
Some 499 insolvencies were reported in the first three quarters of the year, according to the report, a sharp rise of more than 50 per cent from the s…
Read the full article at: https://www.irishtimes.com/business/2023/10/25/corporate-insolvencies-rising-but-no-tsunami-on-the-horizon/