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LATEST NEWS & EVENTS Insolvency warning as more companies go under  More firms in the UK could be seeking help from an insolvency lawyer, new figures suggest. The corporate insolvency rate north of the Border has increased, prompting concerns about business recovery across the UK. Scottish firms are going under at a record rate, with 24 filing for bankruptcy each week, according to the Office of the Accountant in Bankruptcy, a Scottish Government agency. Iain Fraser, Scottish spokesman for R3, told the Scotsman: "These figures reveal that many Scottish businesses are unable to continue as the expected upturn in the economy has failed to materialise." Meanwhile, the personal insolvency rate has also shot up in recent months, indicating that the squeeze on household incomes is getting worse. Scotland's minister for energy, enterprise and tourism, Fergus Ewing, suggested it was vital for people in financial distress to seek help immediately. Experian recently revealed that the corporate insolvency rate in the UK as a whole fell to 0.08 per cent in August, the lowest level since February. Posted by Alex McLean 
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