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Evening Standard

Vicky Shaw

Personal insolvencies jumped by 14% annually in 2024 across England and Wales

England The Insolvency Service Wales Insolvency Service

The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders jumping to a record high, according to the Insolvency Service (Anthony Devlin/PA) - (PA Archive)

The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders (DROs) jumping to a record high, according to the Insolvency Service.

Some 117,947 personal insolvencies were registered in 2024, 14% higher than the 103,434 recorded in 2023.

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