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Failure increase
Jan 31 2008 by Henryk Zientek, Huddersfield Daily Examiner
INSOLVENCY specialist Begbies Traynor said it had dealt with a big rise in business failures since the credit crunch – and forecast more to come this year.
The Manchester-based group reported a “marked increase” in insolvency activity during the past three months as the end of easy credit forces more firms to fold.
A spokesman for the firm said: “There is a now consensus in the market that 2008 will see a sustained rise in the level of business failures.”
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