Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts ...Middle East

TORONTO – Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic. “We did have … so many years of artificially low filings. We’ve got a fair bit of catch-up to do,” said Natasha MacParland, a partner at Davies Ward Phillips & Vineberg LLP. The pandemic saw a historically low level of insolvency filings — which include bankruptcy and restructuring procedures — as government supports kicked in but in 2023 things started to normalize, said MacParland. That trend is continuing into 2024. Business insolvencies in 2023 were up 41.4 per cent compared with 2022, according to

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Last updated : 11 March 2024 clock 04:01 PM

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Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts ...Middle East

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