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For help and advice contact Sheffield 0114 2859500 or Rotherham 01709 331300 News Graywoods News One in six bankrupts declaring assets...
Graywoods have seen a big increase in the number of people who are approaching us for advice about how to deal with personal guarantees (PGs) that are being enforced against them and which are causing them considerable financial problems.
Research carried out by Graywoods has revealed a dramatic decrease in the number of winding up petitions being used by creditors to enforce debts.
Insolvency manager Ryan Holdsworth, of Sheffield-based insolvency practitioners Graywoods, has successfully passed the Joint Insolvency Examination Board (JIEB) examinations.
The latest official statistics have shown a rise in the number of companies going bust in 2017. The number of liquidations has increased whilst business rescue procedures have decreased.
For many businesses who were suppliers and subcontractors to Carillion, there is uncertainty about the future. But there are also various sources of help for those businesses that need assistance.
Fear over Brexit and months of continued financial uncertainty mean that for many businesses Christmas might not be so merry as in previous years.
The number of Company insolvency cases is rising according to official figures
Could consumer debt prompt a fresh banking crisis ten years on?
Latest Government figures have revealed that the underlying number of companies entering into a formal insolvency procedure have dropped dramatically