RSM expects the volume of Debt Relief Orders (DROs) for the fourth quarter of 2015 to have risen by 16%, while bankruptcies are down.
Data complied by RSM suggests that the Insolvency Service will announce tomorrow (29 January) that there were around 20,000 personal insolvencies in England and Wales in the final quarter of 2015.
Further reading
The figures also suggest a decrease in bankruptcies to around 3,500, and around 10,000 Individual Voluntary Arrangements (IVAs), the firm said.
If the predictions are accurate, that would make a total number of personal insolvencies of 80,000 for 2015. RSM expects the steady decline, seen since numbers peaked in …
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