During the cost of living crisis, the need for insolvency advice has been far greater than in the previous years as shown by Government’s data due to a rise in high inflation and change in consumer behaviour. In 2022 there has been a 56% increase in the number of companies going insolvent compared to 2021. In this episode of the Debt Talk podcast, Ripon Ray explored the financial challenges faced by small businesses and the inevitable advice needed from insolvency practitioners to save them.
Ripon Ray has been working in the debt sector for over 12 years, which included giving advice, training, managing quality standards and consultancy. To open up the debt industry to a broader audience, he founded a series of monthly Debt Talk podcasts to show the link between debt and other sectors where experts share their knowledge. You can find monthly Debt News and his media work for public interest to raise awareness of the causes of debt in the UK.