The latest annual personal insolvency statistics for 2019, released by the Insolvency Service, show that even before the financial effects of Covid-19 hit peoples incomes, Yorkshire once again saw above average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority in England and Wales.
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Insolvency trade body R3 said that even prior to the economic impact of the pandemic, many adults in the region were already struggling with Yorkshire and the Humber the third highest for personal insolvencies.
With the total insolvency rate increasing in all regions of…
Read the full article at: https://www.yorkshirepost.co.uk/business/personal-insolvency-takes-its-toll-region-3077273