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Archive for the Insolvency News Category

Corporate insolvencies remain broadly flat while personal insolvency increased in 2016

On 27 January 2017, The Insolvency Service released statistics of the number of corporate and personal insolvencies in Q4 2016. Despite the majority of Insolvency Professionals voicing their concerns over the impact Brexit would have on insolvency numbers, the number of corporate insolvencies remained broadly flat. However,

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Majority of insolvency profession concerned about the impact of Brexit on insolvency numbers

Insolvency body R3 have released survey results detailing the concerns of the insolvency industry at the potential consequences of Brexit. Almost three quarters of those surveyed predicted that corporate failures will rise by the end of 2017 due to the referendum result. The Association of Business Recovery

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The headlines from the Autumn Statement for SMEs

The headlines from the Autumn Statement for SMEs

The Chancellor of the Exchequer Chancellor Philip Hammond gave his first (and last!) Autumn Statement yesterday to a standing-room-only House of Commons. It was also the first statement since the Brexit referendum result back in June. In a statement that contained relatively few surprises, here are the

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Unregulated debt advice services

Insolvency regulatory body R3 issues warning regarding unregulated debt advice services   The Association of Business Recovery Professionals, known by its brand name ‘R3’, is the leading professional association for insolvency, business recovery and turnaround specialists in the UK. R3 have recently addressed the issue of unregulated debt

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