Insolvency Numbers on the Rise

The latest figures from the Insolvency Service show a 22.8% rise in Company liquidations during 2009. Similarly the number of Personal Insolvencies rose by 25.95% for the twelve months ended 31 December 2009. Lines Henry are anticipating that once the General election is out of the way, the level of business insolvencies will increase as money is squeezed out of the economy. Traditionally the level of business failures increases as the economy pulls out of recession. In the meantime, the insolvency numbers are something that we’ll be keeping a keen eye on.