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Evening Standard
Evening Standard
Vicky Shaw

Number of people becoming financially insolvent reached 15-year high in 2025

The Insolvency Service Insolvency Service England Wales
The Insolvency Service said that, in total, 126,240 personal insolvencies were recorded last year, which was 7% higher than in 2024 (Dominic Lipinski/PA) - (PA Archive)

The number of people becoming financially insolvent across England and Wales jumped to a 15-year high last year, according to Insolvency Service figures.

The number taking out debt relief orders (DROs) was at its highest since the introduction of this type of insolvency in 2009, with 46,939 recorded in 2025.

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