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Insolvencies at all time lows, Company Strike Offs Rife

Whils most people expect insolvencies to have increased over the last few years, Government figures show that the opposite is the case. The latest figures for Q4 2015 showed that Corporate Insolvencies were at their lowest levels since 1989 and Personal Insolvencies were at their lowest level since 2005. A stuttering economy and low interest rates were the cause of the low figures. A recent hike in Court fees and the raising of the debt level for bankruptcy petitions to £5,000 is expected to further suprress personal insolvency numbers.

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