Friday, May 1, 2009
Debt Relief Orders make interesting reading
The number of people being declared bankrupt in England and Wales has hit a new record, according to the government's Insolvency Service. In the first three months of the year there were a record 19,062 bankruptcies and 10,713 individual voluntary arrangements (IVAs). The number of companies going bust in England and Wales fell back in the first three months of the year. However the figures were still 54% higher than a year ago.