The coming 12 months are likely to see 1,000 Scottish companies enter into insolvency proceedings, with a possible 12,000 individuals facing bankruptcy, according to BDO.
A report from the business advisor suggests that despite a generally improving UK economy and optimism in some sectors, north of the border the economic shocks are not yet over.
BDO business restructuring partner Bryan Jackson said: “For many companies and individuals there is the prospect of another year of standing still as profits remain flat and incomes are static.
“The slightest change in any circumstances could have serious consequences. The number of businesses falling into insolvency is likely to be around 1,000.
“Many of these businesses may only be shell companies, but it is of concern that even six years after the start of the recession there are still so many firms going bust.”
In terms of personal insolvencies, Scotland saw its peak in 2009 with 23,541 individuals declared bankrupt over the course of the year.
Since then the figure has dropped by around half, and BDO say it seems to be levelling off at around 12,000 personal insolvencies per year.
But Mr Jackson pointed out that the short-term fall in individual insolvencies should not mask the longer-term trend, which has seen bankruptcy rise in Scotland.
He said: “The third-quarter figure rose and there is every likelihood that personal insolvencies will remain around the 12,000 mark in the near future, which only in 2005 would have been a record figure in Scotland.
“There is concern that we may be celebrating a reduction in personal insolvency despite these numbers being very high in an historic context.”