Summary
BANKS and other creditors are increasingly writing off tens of millions of pounds in bad corporate debt without putting the firms concerned into liquidation.
The trend indicates that banks have been less eager to take court action and more willing to accept other solutions such as taking a stake in a business in exchange for writing off debts.See the full content of this document
Extract
; Fewer Firms Liquidated Than in Boom Years
But analysts warned it could also mean that banks were simply abandoning claims witho...
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