Insolvencies rise sharply as Government ends COVID support

Jonathan Gorman, Associate in the Russell-Cooke Solicitors, restructuring and insolvency team.
Jonathan Gorman
1 min Read

"The lifting in September 2021 of some of the restrictions on presenting winding-up petitions meant that after [one and a half] years of being prevented from doing so, many creditors were able to pursue their debts via the compulsory liquidation route."

Speaking with Law360 on the significance of the recently released quarterly insolvency statistics, Russell-Cooke's restructuring and insolvency expert assessed whether the increase in corporate insolvencies is largely due to the lifting of restrictions imposed during the pandemic in September 2021.

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