Big leap in personal insolvencies

Link: Insolvencies rise as downturn bites

According to Department of Trade and Industry figures revealed last Friday, 8,103 individuals became insolvent between January and March of this year. This compares to an 8.2% drop in corporate failings during the same period as 3,684 companies went into formal administration procedures.

Insolvency experts say the drop in business failures reflects a higher number of companies moving towards a more consensual restructuring of debt and a more benign economic regime.

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