The number of people who have become personally insolvent is expected to have increased in official figures released on Friday.
Experts predict there will be around 23,000 to 24,000 cases recorded across England and Wales during the first quarter of 2017 in figures released by the Insolvency Service.
Previous figures show there were 22,852 personal insolvencies in the fourth quarter of 2016.
Three types of personal insolvency make up the official figures – bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs).
Ruth Duncan, president of the Insolvency Practitioners Association (IPA) and an insolvency specialist at RNF Business Advisory Ltd, said: “It is predicted that the total number of personal insolvencies …
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