The insolvency marketplace in Northern Ireland is currently very quiet – at least as far as the taking of appointments by commercial insolvency practitioners are concerned. The reasons for this are many, but fundamentally the economy is still reasonably robust and accordingly, so far this year, the numbers of major incorporate insolvencies in Northern Ireland have been few and far between.
The real value and indeed volume of work in insolvency this year has arisen from personal insolvency work, with the amount of credit card-related personal insolvencies continuing to rise.
