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Almost £780,000 was written off every day in bad debts towards the end of last year, as businesses struggled to pay bills.  The total level of insolvent business debt in the UK grew by around £72m in the final three months of 2020, according to data firm Red Flag Alert – or £779,997 per day.  This was a huge rise on the same period in 2019, when companies faced average daily write-offs worth £152,934.  Heavy weight: The total level of insolvent business debt in the UK grew by around £72m in the final three months of 2020 Bad debt is loans that probably will not be repaid because the company is insolvent. 

United kingdomMark halsteadRed flag alertFlag alertஒன்றுபட்டது கிஂக்டம்குறி ஹால்ஸ்டெட்சிவப்பு கொடி எச்சரிக்கைகொடி எச்சரிக்கை