Insolvencies fall to four-year low

Feb 1 2013

Personal insolvencies in England and Wales dropped last year to their lowest level since 2008, official figures have shown.

There were 109,477 individual insolvencies during 2012, a 9% year-on-year fall, according to statistics from the Insolvency Service.

The latest figures also showed insolvencies dropped back in the last three months of 2012 to 25,302, 10% down on the previous quarter.