Insolvencies on Coronavirus Pause

Giving his thoughts to AccountancyAge this week, our Director of Asset Recovery, Ben Harwood, discussed the additional time that’s been given to struggling firms facing insolvency.

“If a business was already experiencing difficulties these new measures have meant that they’ve actually been given a lifeline for a few months. But in reality, what’s going to happen is those businesses are just about to fall over got a little bit further down the line instead, if they were struggling before, what this has done is delayed their issues…”

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