Year-on-year 14% rise in personal insolvencies in Wales – BBC News

Year-on-year 14% rise in personal insolvencies in Wales

The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal.

The increase prompted stern warn…

The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal.

The increase prompted stern warnings from debt advice groups, who said their debt caseload was at “record levels”.

Citizens Advice Cymru said they were concerned about debt levels among the 18-25 age group in particular.

The figures show regional variations across Wales, with Merthyr Tydfil’s insolvency rate more than double that…

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