In this issue of Insolvency Now, we report on the data trends we are seeing so far in 2024 compared with when we first started tracking data in 2019.
Key Takeaways:
•Overall, we are seeing a marked increase in filings, but we are not yet seeing the level of sector-specific distress one might expect.
•Personal insolvency rates have risen faster than corporate rates, which will have an impact on various corporate sectors.
•Q1 experienced the most increase in filings, whereas Q2 had similar levels as the same quarter in 2023.
•Although Q1 2024 appeared to suggest an increase in insolvency filings across the board, we also saw an increase in net business openings in that quarter.
Please see full publication below for more information.
