North East England has retained its unwanted place at the top of the national table for personal insolvency for the tenth successive year.
According to the latest annual figures from the Insolvency Service, there were 27.2 individual insolvencies per 10,000 people in the region in 2017, which are comprised of bankruptcies, Debt Relief Orders (DROs) and Individual Voluntary Arrangements (IVAs).
The new figure represents a rise on the 2016 regional rate of 25.6 individual insolvencies per 10,000 people, and of 22.6 individual insolvencies per 10,000 people in the previous year
It is also over 25% higher than the personal insolvency rate (21.4) across England and Wales as a whole last year.
County Durham is the North East local authority area w…
Read the full article at: https://www.businessupnorth.co.uk/north-east-england-tops-uk-personal-insolvency-table-for-tenth-successive-year/