Liquidation activity spikes as IRD gets back to business
February saw the highest number of liquidation appointments in three years.
Expect to see more court appointed liquidations in the coming months.
A spike in insolvency applications to start the year is being attributed to Inland Revenue resuming a firm approach and creditors losing their patience with late payments.
It’s also being viewed as a sign of things to come in 2024, as challenging economic conditions weigh on stressed
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