Insolvency trends and outlook for 2012 - An Irish perspective
April 23, 2012
By David Van Dessel
In 2011, Insolvency and Corporate Restructuring activity reached unprecedented levels . The sheer size and volume of cases continues to amaze us all, and the range of professionals engaged in this space is expanding to so many variations of ‘asset manager’, that’s it’s difficult to keep track. The developing mechanisms such as Share Receivers, Prepacks, Debt Sales are constantly being fine tuned to suit our circumstances. It’s a full time job keeping pace with the macro changes in the banking world, such as establishment of Certus (acting as agent for Bank of Scotland), merging of EBS and AIB, and INBS with IBRC (formerly Anglo Irish Bank), combined with the internal changes of management structures and relationship managers within each bank.
In this article you will find a detailed commentary on our ‘Insolvency statistics’ including Total Insolvencies, Insolvency by Industry, Insolvency Types and Receiverships. The second part of the article looks at ‘Insolvency trends and outlook for 2012’.
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