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R3’s External Affairs team kicked off 2024 with a bang, with a new project on the future of the insolvency profession, briefings on the Post Office scandal, and plans for our flagship event in full swing.
Personal insolvency figures have fallen in 2023, but demand for support is higher than ever. In this blog, we break down the personal insolvency landscape in the first three quarters of the year and explore why these numbers appear to be falling…
In this blog, we drill down into 2022 data to understand the growing number of individuals entering a personal insolvency process and the trends in which solution they are choosing to enter…
In 2022, personal insolvency levels hit a three year high. In this blog, we break down personal insolvency data from the Insolvency Service and explore how age, location and gender affected the trends…
Having called for a review of the personal insolvency framework for sometime, in September we welcomed the opportunity to submit evidence and offer our thoughts on how it could be improved.
Data from the Insolvency Service published in April shows that contrary to what many might have expected, personal insolvency levels fell for the second consecutive year in 2021. In this blog, we break down how different people across England and Wales were affected by financial distress in 2021.
On May 15th, for the first time, the Insolvency Service (IS) released monthly figures for corporate and personal insolvencies (NB: corporate: England & Wales, Scotland; personal: England & Wales). The IS said that it was publishing on a monthly (rather than quarterly, as previously) basis “to provide more up to date information on the numbers of companies and individuals who are unable to pay debts and enter a formal insolvency procedure as the coronavirus (COVID 19) pandemic continues”.
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.
R3 — RESCUE RECOVERY RENEWAL
R3 is the trade association for the entire community of the UK's insolvency and restructuring professionals, whatever the size of their practice, their experience or their specialism. Our members promote economic regeneration, resolve financial distress for businesses and individuals, save jobs, and create the confidence and public trust which underpin trading, lending and investment.