Debt-ridden young people in Coventry are declaring themselves insolvent before they reach their mid-twenties, it has been revealed.
New data shows a total of 527 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.
Of those, 34 were aged under 25.
Twenty-seven of those youngsters are known to have taken on an IVA, while seven more accepted a DRO.
A further 57 young people in Warwickshire became insolvent during the year.
Below the national average
Across Coventry, one in every 535 adults of all ages fell into individual insolvency in 2017.
The national average for England and Wales was one in 469.
In Warwickshire , the fi…
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