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Pandemic support suppresses insolvency rates

Overall numbers of company and individual insolvencies remained low in August 2020, largely as a result of the government measures put in place in response to the coronavirus pandemic, but look set to rise sharply as support schemes end.

Pandemic support suppresses insolvency rates
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There was a total of 778 company insolvencies in England and Wales, 43% fewer than in August 2019.  This decrease was largely due to a drop in the numbers of creditors’ voluntary liquidations (CVLs) and compulsory liquidations which fell by 39% and 67% respectively.

Read more at Accountancy Daily.

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