Professionals braced for fourth quarter spike in insolvencies
The coronavirus pandemic will lead to a huge increase in financial distress this Winter, according to trade body R3.
In its latest poll of insolvency and restructuring professionals it found that 56% are predicting an increase in corporate insolvencies between October and December, with 94% saying insolvencies will rise over the next year.
The survey found that demand for corporate insolvency procedures fell during the early stages of the pandemic, as government support helped to keep businesses afloat.
Less than half (43%) o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
