Bankruptcy News
Personal and company insolvencies rocket
News - Latest

6 February 2009

LONDON (Reuters) - The seasonally adjusted quarterly data for companies show the highest number of insolvencies since that particular series began in 1998. On an unadjusted basis, the 4,525 companies that went bust in the fourth quarter of 2008 is the highest number since the first quarter of 1994.

Meanwhile the housing market is likely to face further pressure as banks repossess debtors' homes.
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