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‘Dramatic’ rise in court action fuelling insolvency concerns

Ric Traynor, executive chairman, said there is ‘real concern’ amongst SME directors about their ability to pay back Government backed bounce back loans with many directors exploring short to medium term insolvency options

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There has been a 139% rise in CCJ’s during Q3 2021 as businesses resort to using the courts to recover debts, according to the latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses.

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