Member Article
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 the corporate and personal insolvency statistics for June:
The June statistics show both corporate and personal insolvencies fell compared to Mays figures. The decrease in the number of corporate insolvencies was driven by a sharp reduction in the number of Creditors Voluntary Liquidations and a drop in administrations. While personal insolvency numbers have also remained low, with bankruptcies showing a particular fall, the overall picture is much cloudier due to a number of issues that have affected the processing of Individual Voluntary Arrangement registrations…
Read the full article at: https://bdaily.co.uk/articles/2020/07/15/june-corporate-and-personal-insolvency-statistics-r3-response