Scores of debt-ridden young people in Birmingham are declaring themselves insolvent before they reach their mid-twenties.
New data shows a total of 1,512 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.
Of those, 88 were aged under 25.
Seventy of those youngsters took on an IVA, while 13 accepted a DRO. Five were declared bankrupt.
Across Birmingham, one in every 562 adults of all ages fell into individual insolvency in 2017.
The national average for England and Wales as a whole was one in 469.
Stoke on Trent had the highest rate, with one insolvency for every 223 adults living in the city.
In some parts of London and …
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