Article preview: The number of companies entering insolvency and individuals declaring bankruptcy have stayed low, according to the latest official figures. The Insolvency Service says that, in February, the numbers stayed low helped by government financial support packages. Even struggling businesses have been able to remain solvent during the pandemic, held afloat by a variety of measures including the ability to place employees on furlough and access government-backed business interruption loans.
Insolvencies remain very low
This 304-word blog post looks at the latest figures from the Insolvency Service. Written on 16th February 2021.
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