The number of people declared insolvent in UK, in 2010 reached a new all-time high of 135,089 cases, official numbers taken from Insolvency Service, and so far predicted to increase through 2011.

The 0.7% rise on 2009′s figure came despite a 13.6% drop year-on-year in individual insolvency during the final three months of the period as the number of people struggling financially continues to improve.

The figures showed that 30,729 people were declared insolvent in the fourth quarter, which was also down on the previous month by 9.4%.

 

Related posts:

1. Insolvency – Real estate remains worst-affected sector.
2. Company Insolvency Statistics

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