Member Article
Commenting on the official Insolvency Service figures for January showing a 39.1% month-on-month fall in the number of UK corporate insolvencies, Alexandra Withers, North East chair of insolvency and restructuring trade body R3, said: Januarys fall in corporate insolvency numbers dont reflect the fact that the economic fallout from the pandemic is continuing to hit businesses, individuals, and the wider economy.
Its clear the Governments support packages, which were extended once again in December, are helping prevent the rise in insolvency numbers we would have expected to see in an economic climate like this one.
However, the support packages and bans on creditor enforcement actions cant last forever. We hope that the …
Read the full article at: https://bdaily.co.uk/articles/2021/02/26/r3-north-east-comments-on-official-monthly-corporate-insolvency-statistics