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LATEST NEWS & EVENTS Quarter of businesses concerned by debts  One in four (24 per cent) businesses is concerned about their debts, according to corporate insolvency body R3. The group's latest Business Distress Index also indicates that the level of worry among companies is increasing. Forty-three per cent of firms concerned about what they owe cite bank loans and other finance debt as a prime cause for distress. This is up from just 24 per cent in September 2010. Frances Coulson, who has recently taken over as the president of R3, said: "An alarming minority of the business community are struggling to address their financial woes. "If these distressed businesses continue along this downward trend they may lose control of their mounting debt, which will push them into insolvency in the coming quarter." She further explained that these firms are letting their debts grow, and the situation is not improving. Businesses with mounting debts will "fall on hard times" when interest rates rise, she added. Despite the rise in debt distress, the corporate insolvency rate in 2010 was lower than in 2009. Posted by Alex McLean 
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