The number of people going insolvent across England and Wales is expected to increase in official figures released on Friday.
Experts have suggested the days of falling personal insolvency levels may be coming to an end as consumers grapple with underlying debt problems.
Official figures for the third quarter of this year, which will be released by the Insolvency Service, show the number of people going bankrupt as well as the number taking out individual voluntary arrangements (IVAs) and debt relief orders (DROs).
Bankruptcies tend to be seen as a last resort, while DROs are aimed at people with up to £20,000 of debt they cannot pay off. IVAs are agreements where money is shared out between creditors.
The most recent figures from the Insol…
Read the full article at: http://money.aol.co.uk/2016/10/27/personal-insolvency-numbers-expected-to-rise/