Personal insolvencies increase

Following on from our recent article which confirmed that corporate insolvencies had remained static, a new report is stating that individuals applying for insolvency increased to its highest level in almost three years in Q1 2017. Those applying numbered very nearly 25,000 which is an increase of 6.7% on Q4 2016 and 15.7% higher than Q1 2016.

If you are have any concerns, the experts at our partner business, BM Advisory, will be happy to talk through the options with you. Please contact Mike Solomons or Andy Pear or your usual Beavis Morgan partner.