Personal insolvencies down 11% in 2011

Fewer people were declared insolvent in 2011 in England & Wales than during the previous year, but the number of companies going bust increased.

The BBC reported there were 119,850 people declared insolvent over the year which according to the Insolvency Service was down 11.3% on the record high of 2010.

However, the number of firms going bust in 2011 increased by 1.3% compared with 2010.

Read the full article at bbc.co.uk

 

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