NETWORKS: Personal insolvencies saw 28% jump year-on-year in Q3.

Mortgage Strategy | November 9, 2009 | Copyright

The number of people declaring themselves insolvent in Q3 2009 rose 28.2% compared with the same time last year, figures from The Insolvency Service reveal.

There were 35,242 individual insolvencies in England and Wales in Q3, made up of 18,347 bankruptcies, 12,390 individual voluntary arrangements and 4,505 debt relief orders.

The DRO is an ...

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