Bankruptcies set to soar next year

Insolvency experts are warning that the numbers of consumers declaring bankruptcy is set to soar next year, despite the release of figures revealing a fall.

Data from the Insolvency Service showed the number of people becoming insolvent fell by 5 per cent between July and September. Bankruptcies were up 2.2 per cent to 15,833, but there was a drop in Individual Voluntary Arrangements (IVAs), which fell to 10,239 – down 14.3 per cent compared with last year.

Bankruptcies set to soar next year despite good news, experts warn – Independent Online Edition > Business News

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