Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global corporate insolvency services market is estimated atUS$ 12.1 billionin 2022, with a projected market valuation ofUS$ 20.5 billionfor 2032. Market growth is primarily driven by the rising incidence of corporate bankruptcy and growing enterprises’ inability to pay creditors. Due to the COVID pandemic, many small and…
DetailsDUBLIN–(BUSINESS WIRE)–KBRA Europe (KBRA) releases research detailing how shrewd and effective sovereign debt management has helped to mitigate sensitivity to interest rate increases. Euro area sovereigns have taken advantage of low interest rates in recent years and have restructured their debt profiles. These sovereigns actions help delay the impacts of higher interest costs, alleviating near-term…
DetailsFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in…
DetailsThe number of companies going bust in the UK has reached its highest level since the financial crisis in 2009 as soaring inflation costs, rising interest rates and the stalling economy have hit businesses, new data show. Christina Fitzgerald, president of R3, the insolvency and restructuring trade body, warned that 2022 was the year the…
DetailsThe number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the end…
DetailsMore than five restaurant businesses a day went bust across England, Wales and Scotland in the last year as insolvencies reached their highest level in more than a decade. Data from accountancy firm Price Bailey showed a 65% increase in restaurant insolvencies, with 1,880 businesses declared insolvent in 2022, compared to 1,139 the previous year.…
DetailsT he number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the…
DetailsFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Searches for debt consolidation loans jumped by 29% in January compared to the same month last year, according to credit information company Experian. The increase in searches on…
DetailsT he number of people going financially insolvent across England and Wales hit a three-year high in 2022, according to official figures. In addition, the number of company insolvencies jumped to the highest level since 2009 last year, in further signs of the impact of tough economic conditions on people and businesses. Some 118,850 people…
DetailsSearches for debt consolidation loans jumped by 29% in January compared to the same month last year. The data from credit information company Experian suggests some people are looking for ways to make their debt repayments more affordable or simplify their repayments by bringing their debts together. Just over a fifth (21%) of debt consolidation…
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