Personal insolvencies record 2011 fall 3 February 2012

Personal insolvencies dropped by 11.3% last year compared to 2010’s figures.

In total, some 119,850 individual cases were recorded in England and Wales, according to the Insolvency Service’s figures published today.

Bankruptcies (41,845) registered the steepest drop, plummeting by some 29.3% while Individual Voluntary Arrangements (IVAS) (49,056) also followed suit by falling 3.2%.

via InsolvencyNews, read the full piece here: Personal insolvencies record 2011 fall.