According to the firm, 1,657 Scots have been sequestrated – the Scottish term for bankruptcy – in the first and second quarters of this year.
This means that bankruptcy figures for the year are likely to exceed figures for 2002, making it the highest total in almost 10 years.
Next week’s expected rise in interest rates and further rises next year are expected to worsen the situation.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children