Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector
Those practising in the insolvency sector will commonly encounter the refrain, I bet you must be busy. The response provided to this statement will surprise many as corporate insolvency numbers in 2016 remained flat, representing just 0.41% of all active companies; the lowest level since comparable records began in 1984. The numbers follow a generally decreasing trend dating back to 2009. The insolvency sector is curiously quiet.
So, why is this? The economy, stupid. Bill Clintons campaign strategist, James Carville, in 1992 coined this phrase, whic…
Read the full article at: https://www.accountancyage.com/2017/01/23/the-curious-incident-of-the-insolvency-sector-in-the-light-of-economic-turbulence/