Personal insolvencies hit record levels

January 2006
Credit Control;2006, Vol. 27 Issue 1, p50
Trade Publication
The article reports on the data on personal insolvencies released by the Great Britain Department of Trade & Industry. The data has showed that the number of people who have become bankupt or entered into an Individual Voluntary Agreement (IVA) in England and Wales in 2005 is 67, 580, which represents the highest number of personal insolvancies in England and Wales in the 12-month period. This number shows a 45 percent increase as compared with the 2004 data.


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