Personal insolvencies fall slightly

The number of people being declared insolvent in England and Wales fell slightly in the third quarter of 2011, while there was a small rise in corporate insolvency.

Personal insolvencies dropped by 1% from the second quarter of the year to 30,219 the Insolvency Service said.

In the same period, company insolvencies rose by 2% to 1,253.

Although the number of firms going bust is now 10% up on a year ago, personal insolvencies are down by 11%



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