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INSOLVENCY CHEAPEST SINCE 2008 BUT RETAILERS’ NIGHTMARE CONTINUES

INSOLVENCY CHEAPEST SINCE 2008 BUT RETAILERS’ NIGHTMARE CONTINUES

Figures published today because of the Insolvency Service show that company liquidations in England and Wales into the 3rd quarter of the year were down 3.3% from the past quarter and down 10.7percent on a single quarter last year. Private insolvencies dropped into the quarter that is fourth to 25,302 and had been 12.9% significantly less than exactly the same duration year ago.

Bev Budsworth, handling director of multi award-winning The financial obligation Advisor stated: “It’s really motivating to see that today’s business and private insolvency numbers are in their lowest point since mid-2008, this indicates to demonstrate that things are needs to look brighter – at the least with regards to financial obligation.

“However,...

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