| From FT: Months before it was clear the UK was headed towards a recession, one benchmark of a faltering economy was sending a clear signal - by the second quarter of 2008, company winding up petitions and both creditors' and debtors' bankruptcy petition filings in courts were rising.
Company winding up petitions were up 11 per cent in the second quarter of 2008 compared with the same period in 2007, while creditors' petitions - filed by those who are owed money - was up 18 per cent on the period the year before, according to Ministry of Justice data..... Full Article: Source
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