Retail Insolvency Rises

The latest statistics from the Insolvency Service has shown a rise in retail insolvencies over the previous 3 months to April.

According to the report, 99 companies were declared insolvent during Q1 of 2011 which was up 70% on the last Quarter of 2010.

These new statistics coupled with the new personal insolvency stats could suggest that a double dip recession is extremely likely in the future.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan