Women were more likely than men to see their finances deteriorate so badly that they became insolvent last year, official figures show.
Continuing a trend that started in 2014, the personal insolvency rate for women across England and Wales was higher in 2015 than it was for men, according to the Insolvency Service.
The personal insolvency rate per 10,000 adults was 18.2 for women in 2015, while for men the rate was 16.9.
Experts said the figures were evidence of women being more exposed than men to financial shocks.
The main factor behind the higher rate for women was that they were more likely to take out a type of personal insolvency called a debt relief order (DRO).
DROs are often dubbed “bankruptcy light”. They are a…
Read the full article at: http://www.expressandstar.com/business/uk-money/2016/07/14/higher-insolvency-rate-for-women-reflects-gender-inequality-in-economy/