Scottish firms preparing for insolvency boom

Accountancy firms in Scotland are preparing for a spike in insolvency demand
in the early part of next year.

One Edinburgh-based firm, Johnston Carmichael has increased its headcount by

Matt Henderson, an insolvency practitioner with the firm, said: ‘We believe
spring 2009 will be the peak and we are expanding accordingly,’

‘I, and also members of my staff, have had a lot more calls from recruitment
consultants than usual, suggesting other firms are doing the same and that there
are more jobs around.’

It is now easier to declare bankruptcy in Scotland after a recent rule
change. This is expected to translate into a higher number of personal
insolvencies in Scotland next year.

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