Economic damage from coronavirus ‘starting to appear in insolvency figures’ April 15 2021, 12.31pm
The economic damage caused by the coronavirus pandemic is starting to be reflected in the levels of people and businesses going financially insolvent, according to industry experts (Victoria Jones/PA)
The economic damage caused by the coronavirus pandemic is starting to be reflected in the levels of people and businesses going financially insolvent, according to industry experts.
Government support, which has included payment holidays on loans and furloughing, has postponed rather than prevented the true picture being shown, insolvency and restructuring trade body R3 said.
Personal insolvencies in England and Wales are made up of bankruptcies, debt relief orders (DROS) and individual voluntary arrangements (IVAs), which are agreements whereby money is shared out between creditors.
Monthly corporate and individual insolvency statistics R3 comment
Zoya Malik April 15, 2021 (Last Updated April 15th, 2021 12:48)
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“The monthly rise in corporate insolvency numbers shown in the figures published today has been driven by an increase in Creditor Voluntary Liquidations and administrations, while Company Voluntary Arrangements also increased.
“On the personal insolvency side, all three kinds of procedure increased in number compared with the previous month, while the year-on-year increase is down entirely to Individual Voluntary Arrangements, with bankruptcies and Debt Relief Orders still notably lower than this time last year.
“The economic damage caused by the pandemic is starting to be reflected in levels of insolvency, but Government support has postponed rather than prevented the true picture being shown in insolvency levels to date.
I had my face tuned in real life. This is what you need to know
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Each week, Sunday Life s beauty director Stephanie Darling roadtests a different makeup or skincare trend to find out whether it s worth your time. Ahead, a structural face tune, and Australian-made fragrant mists.
Road Test
Last year took a toll on a lot of things, including my face, so I am having a structural face tune.
The lowdown As I have aged I have lost some of the volume in my face, so light is not being reflected in the way it once was on my cheeks and chin. I am with Dr Joseph Hkeik to try out his âstructural liquid faceliftâ in an attempt to retrieve my cheekbones and create a more defined jawline.
One Hartford store owner shared an emotional story about how the pandemic has devastated her business and said she was so grateful when she found out she got the grant. A Hartford store owner shared her emotional story of the toll the pandemic has taken on her business as well as downtown Hartford and sheds light on just what help from a grant means. Note: This is sound only.
Jody Morneault has a clothing shop in downtown Hartford and said she and her husband have been living on savings and credit cards because they don t want to close the store.