The number of Scottish businesses becoming insolvent or entering receivership dropped by almost 25% compared to a year ago, according to figures from Accountant in Bankruptcy (AiB) for the first quarter of 2017-18.
Compared to the first quarter of 2016-17, there were 200 corporate insolvencies, down from 265 a drop of 24.5%.
The figure for the quarter is made up of 118 compulsory liquidations and 82 creditor voluntary liquidations.
For the third quarter in succession, there were no receiverships recorded for the quarter.
There were also 151 members voluntary liquidations, which is down from the 220 recorded in the same quarter of 2016-17.
However, more Scots have accessed statutory personal debt solutions, with numbers increasing…
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