Thirteen Scots a day are being declared bankrupt as the impact of Brexit uncertainty and welfare cuts saw numbers soar over the past year.
The Scottish Government says a growing number of people are facing “increased financial pressures” as the economic situation becomes increasingly uncertain.
A total of 12,779 Scots were declared insolvent in 2018/19 – a rise of 20% om the previous year. This included 4,862 who went bankrupt and 7,917 who were placed into Protected Trust Deeds. The figures have been rising steadily for the past three years.The number of firms gong bust was also up by 9.3% to 966, according to official figures released by Accountant in Bankruptcy (AiB).
READ MORE: Bankruptcy rates highest in the …
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