26 April 2023
Online Law360 publication discussing the latest Insolvency Enforcement report
Restructuring and Insolvency Partner Richard Curtin has been featured in a leading legal publication Law360, discussing the data in the latest Insolvency Enforcement report.
The figures are the official statistics from the Insolvency Service, a government agency that helps to deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors.
Richard is quoted in the article, saying: "This may be the start of a busy time for the insolvency profession. There have been many false dawns but insolvency practitioners are certainly busier than they were before Christmas. Next month’s figures will be interesting to see as administrations are back to pre-pandemic levels.
"The withdrawal of Government support is bound to have an adverse impact. Add in interest rates, energy costs and inflation to create a heady cocktail for the insolvency landscape. We should not expect the Government to be as financially supportive as it was."
The article also examines the statistics in the report around company director bans, as the figures show that over 450 UK company directors were disqualified for abuse of the COVID financial support scheme, and provides insight on this from other legal commentators.
Law360 is a one-stop source for legal news and analysis, providing up-to-the-minute coverage on the issues that affect lawyers, business leaders, and regulators. It has a host of daily newsletters and news articles, which are distributed to more than 1.5 million readers daily.
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