AiB insolvency statistics – rising trend of consensual recovery approaches as market ‘clears out’
Yvonne Brady, head of corporate restructuring, HBJ Gateley, said: “The market is pretty much cleaned out in terms of companies which could no longer continue as the economy recovers. These statistics also highlight the rising trend of early intervention and consensual recovery approaches where companies and advisors are working with their creditors to find sustainable ways of refining and reshaping businesses to remain fit to operate.
“Notwithstanding this decrease, overall the insolvency market is now largely static, where businesses find themselves sandwiched between last year’s referendum and this year’s general election, making for a protracted requirement to stay the course until clearer outcomes in policies for business becomes known.
“Hopefully we will see a rise in confidence and increase in activity with an emphasis on restructuring and consensual working approaches into 2016, once the financial implications of the post-election government regime become clearer.”
