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6-05-2011

Fewer people were declared insolvent in England and Wales in the first three months of the year, although experts predict a rise later in the year.

There were 30,162 personal insolvencies in the first quarter, down 1.7% on the previous three months and the fourth consecutive quarterly fall.

The Insolvency Service figures show the number was 15.5% down on the same period a year earlier.

However, there was a rise in the number of businesses going bust.

Read the original BBC article in full.

TESTIMONIALS

Standout firm known for its personal insolvency work for clients including private companies, individuals and governmental institutions. Frequently acts for insolvency practitioners, assisting with the realisation of assets, both in the UK and abroad.

Chambers and Partners

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