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Commercial Credit News
|CBW comments on the latest Insolvency Service statistics|
|Thursday, 30 July 2015|
Carl Bowles, Insolvency Practitioner and partner at accountancy firm, Carter Backer Winter, ("CBW") has the following to say:
"The anticipated and long awaited rise in interest rates is very likely to result in a reversal of the current downward trend in both personal and corporate insolvencies. The impact of the increase in the cost of money historically takes a number of quarters to take effect, however those on the margin are likely to be unable to service their debts following a rise."
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