The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales.
Insolvency trade body R3 points out 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, rising to 29.5 adults per 10,000 from 28 the previous year. This is above the average level of personal insolvencies across Eng…
Read the full article at: https://www.businessupnorth.co.uk/scarborough-named-local-authority-with-the-highest-personal-insolvencies-in-england-and-wales/