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Evening Standard
Evening Standard
Vicky Shaw

Personal insolvencies jumped by 10% annually in May in England and Wales

England Wales The Insolvency Service Insolvency Service
The individual insolvencies registered in May consisted of 656 bankruptcies, 4,191 debt relief orders and 6,376 individual voluntary arrangements (Dominic Lipinski/PA) - (PA Archive)

The number of people going financially insolvent across England and Wales jumped by 10% in May compared with the same month a year earlier.

The Insolvency Service’s figures showed 11,223 personal insolvencies were registered in May, which was also 2% higher than the number of insolvencies registered in April.

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