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Domino effect insolvency cases

Published: 03/07/2018 By Ryan Russell

Every insolvency has a knock on effect to other business with only one in ten firms in this study not having been affected by the insolvency of a counterparty. Over half of businesses in this study report that either a supplier, creditor or debtor of theirs has entered an insolvency procedure in the past year. If your business has been hit by the ‘domino effect’ resulting from the insolvency of another business, please contact our specialist advisors to review the position and discuss your options.