The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday.
The Insolvency Service will publish figures showing the number of people going insolvent between January and March.
There are three types of personal insolvency in England and Wales – bankruptcies; individual voluntary arrangements (IVAs), where money is shared out between creditors; and debt relief orders (DROs), which are often dubbed “bankruptcy light” because they are aim…
Read the full article at: http://www.belfasttelegraph.co.uk/business/news/increase-expected-in-number-of-people-going-bankruptcy-light-34670201.html