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Insolvency Rate Falls To Eight-Year Low

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The rate at which Britons are becoming insolvent has fallen to its lowest since before the financial crisis, according to official figures.

In the 12 months to September 2014, just 0.22% of the adult population became insolvent.

That is the lowest rate since the spring of 2006, according to the Insolvency Service.

The number of people going bankrupt was the lowest for 14 years, as people turned to other forms of insolvency.

In particular, Debt Relief Orders (DROs) have continued to prove popular, rising by 2.7% in the year to September.

Yeah another sign of recovery or is that zombie businesses?

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Given enough time at low interest rates insolvency rates will move upwards. At that point it's game over since interest rates cannot go any lower.

I am calling a bottom on insolvency rates and repossessions, I will add it to my signature later today.

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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