The number of people whose financial situation was so bad that they became insolvent in 2015 is expected to be at its lowest levels in a decade in official figures released on Friday.
Creditor services firm RSM predicts that across England and Wales, the Insolvency Service’s figures will show there were around 80,000 personal insolvencies last year.
This compares with just over 99,000 personal insolvencies recorded in 2014 – when the annual total dipped below the 100,000 mark for the first time in nine years.
The predicted 2015 figure would be the lowest annual total since 2005, when there were 67,584 personal insolvencies.
Rock-bottom interest rates have been helping to keep the cost of people’s borrowing down, alth…
Read the full article at: http://money.aol.co.uk/2016/01/28/2015-personal-insolvencies-expected-to-be-at-lowest-level-in-a-decade/