Insolvency figures at four-year low

Press Association
cash bundel in hand
cash bundel in hand

Personal insolvencies have fallen to a four-year low, despite the toughening economy, official figures show.

Within these figures, bankruptcies are at their lowest since 2003, with 8,088 bankruptcy orders made in the second quarter of this year, representing a 27% drop on a year ago, the Insolvency Service report showed.