People living in Sefton are the most likely in Merseyside to go bankrupt.
New data shows a total of 3,141 people in the region either declared insolvency, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.
Of those, 146 were aged under 25.Some 42 of those were in Liverpool, 40 in the Wirral, 35 were in Sefton, 17 in St. Helens and 12 in Knowsley.
Of the total, 92 agreed IVAs, 46 signed DROs, and eight were declared bankrupt – including four youngsters in Liverpool alone.
Among adults of all ages, Sefton had the highest rate of insolvency in 2017.One in 322 adults in the borough fell into individual insolvency during the year.
In St Helens it was one in 336, in…
Read the full article at: https://www.liverpoolecho.co.uk/news/liverpool-news/shocking-scale-under-25s-going-15129853
