Experts predict bankruptcies increase as government measures ease

By Najiyya Budaly (Nov 8, 2021, 5:56 p.m. GMT) – Insolvency experts say an increase in the number of most recent voluntary liquidations for 2021 signals a next wave of corporate restructurings and failures early in the market. next year as declining government support hits struggling businesses.

There were 3,765 business bankruptcies in England and Wales between July and September, 17% more than the 3,226 in the second quarter and 43% more than the 2,624 in the same period in 2020, according to government figures released at the end of October.

The overall increase in corporate bankruptcies was driven by an increase in voluntary liquidations of creditors, which accounted for 92%, …

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