'Havoc' continues as 25 firms a week go bust

EVERY week in Scotland 25 firms go bust.

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Annual bankruptcy figures by business advisers PKF reveal the economic crisis continues to "wreak havoc" on businesses and personal finances remain out of control.

This is despite a drop in personal in-solvencies and fewer firms going bust.

Personal insolvencies fell from 19,634 in 2011 to 18,392 last year, while the number of companies going bust fell from 1278 to 1264 over the same period.

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