Friday, Aug 07, 2009
Boom & Bust.
Times Online: Recession sends personal insolvencies to new high
A record 33,073 people in England and Wales were declared insolvent during the three months to the end of June according to new figures released today.
The number is 27.4 per cent rise on the same period a year ago, according to the Insolvency Service, and is the highest since the series began in 1960.
Of these, 18,870 were bankruptcies, up by 15.3 per cent compared with a year ago; 12,225 were Individual Voluntary Arrangements (IVAs), which were up 27.4 per cent, and 1,978 Debt Relief Orders (DROs).
Posted by tim miller @ 06:17 PM (131 views) Add Comment
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