Number of insolvencies expected to peak next year

Many businesses are holding on due to state supports, so economic casualties of pandemic won’t be seen until 2021, say experts

16th November, 2020
Number of insolvencies expected to peak next year
The number of insolvencies crept up in the three months to the end of September. Picture: Getty

The Irish economy could be on the cusp of a wave of insolvencies in 2021 as ailing businesses struggle to cope with the effects of Covid-19 restrictions, several experts have warned.

Statistics published last week showed the number of insolvencies crept up in the three months to the end of September in what some restructuring professionals now fear could be the beginning of business failures related to the pandemic.

Three experts in the field told the...

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