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LATEST NEWS & EVENTS Corporate insolvency figures rise  The corporate insolvency rate in the UK is on the rise, while the number of individual bankruptcies has fallen. New figures from the Insolvency Service reveal that there were 4,121 compulsory liquidations and creditors' voluntary liquidations in the first quarter of the year. This marks a 3.7 per cent increase on the previous three-month period and a 2.1 per cent rise on the first quarter of 2010. R3 said the increase is not as surprising as may appear, as the first stages of economic recovery can often be the hardest for businesses. Frances Coulson, the insolvency body's president, noted that it can take time for the benefits of growth to be felt by business owners. "Our members have seen more Time to Pay applications rejected; and our latest Business Distress Index shows that businesses believe that banks are less supportive than in previous quarters," she added. Meanwhile, there has been a fall in the personal insolvency rate across England and Wales. There were 30,162 individual insolvencies in the first quarter of 2011, a decrease of 15.5 per cent on the same period a year ago. Posted by Alex McLean 
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