Personal insolvencies fell back from a six-year high in the third quarter of this year, official figures show.
Across England and Wales, 25,151 personal insolvencies were recorded between July and September – a 10.5% fall compared with the previous quarter when there were 28,108 personal insolvencies – the highest quarterly figure since 2012.
Richard Haymes, head of financial difficulties at TDX Group, said: Despite figures released by the Insolvency Service today… increased regulatory oversight of debt advice and personal insolvency is still required.
Continued economic uncertainty and stalling growth, driven largely by Brexit, unprecedented levels of unsecured debt, and the increasing reliance of low-income workers on earnings from t…
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