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R3, Why Insolvency Matters

Posted on 26 May 2015

R3, the trade body which represents the insolvency industry, has launched of its report 'Why Insolvency Matters'.

The report contains some interesting insolvency statistics, amongst others:

  • Rescued 40% of insolvent businesses 
  • Advised 70,000 Businesses 
  • 230,000 Jobs saved 
  • 2013-14 the profession advised 135,000 people 
  • Average individual debt inc mortgage £228,000
  • UK insolvency regime has one of the highest rates of return to creditors
  • Most Insolvency Practitioners are Accountants or Lawyers *
* Byrne Associates Insolvency Practitioners are both ACCA qualified accountants. To speak with one of our IP's please contact our Bristol office.  

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We have advised and assisted Byrne Associates in respect of construction matters for many years. In this time all staff have demonstrated their in depth knowledge of insolvency procedures Terry Blazey (TFB Associates )

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