R3 – Why insolvency matters

The insolvency regime is a fundamental part of the UK’s business cycle. Insolvency practitioners provide financial advice to struggling companies, help rescue businesses and save jobs. For individuals with debt problems, the profession provides financial advice, helps people to manage their finances and repay creditors. In May 2015, R3 published a report that showed the value of this work to the UK economy in 2013/14.