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January sees 96 companies declared insolvent

96 companies were declared insolvent in January, but figures show that this is a 13% drop on January 2010.

With statistics from InsolvencyJournal.ie reporting that more than three companies a day went out of business last month, it does look as though the economy is not quite out of the woods yet. (more…)

Category : Corporate Insolvency — Tags: , , , — admin @ 11:17 am February 2, 2011

Corporate insolvency figures for 2010 not realistic reflection of what is happening

There has been much discussion regarding the possibility of a double dip recession.

It is believed that 2011 will see record levels of corporate insolvency and that the figures due to be published on Friday will not be reflective of what is happening on the ground with businesses. (more…)

Category : Corporate Insolvency — Tags: , , , , — admin @ 2:32 pm February 1, 2011

UK insolvency down as economy stabilises

The UK economy is starting to stabilise. According to reports by Experian, company insolvencies decreased by more than 13 per cent during June 2010, compared with data from the same period last year. This trend shows that the UK is coming out of the recession.

The data states that 1,771 UK businesses declared themselves insolvent last month, compared with 2,044 in June of 2009. (more…)

Personal Insolvencies Soar in Scotland

Homeowners in Scotland are declaring themselves bankrupt more than anywhere else in the UK.

The number of people going bankrupt has soared in the past year with almost half of the total figure of personal insolvencies being made up by Scottish residents. (more…)

Category : Insolvency news,Personal Insolvency — Tags: , , — admin @ 12:04 pm January 22, 2010