Member Article
North East England has retained its unwanted place at the top of the table for personal insolvency in England and Wales for the twelfth successive year.
According to the latest annual figures released by the Insolvency Service, there were 34.6 individual insolvencies per 10,000 people in the region in 2019, compared to a rate for England and Wales of just 26.1.
The new regional figure represents an increase on the 2018 rate, which stood at 33.2 individual insolvencies per 10,000 people, and 27.2 individual insolvencies per 10,000 people in 2017.
And with the significant impact of the pandemic on the regions personal finances not yet factored into the Insolvency Service figures, Alexandra Withers, North East chair of inso…
Read the full article at: https://bdaily.co.uk/articles/2021/01/08/north-east-sitting-top-of-uk-personal-insolvency-rate-table-for-twelfth-successive-year