The number of individuals unable to pay their debts rose to 31,059 between October and December, a 57% increase from the third quarter, the Insolvency Service said on Friday.
- Total personal insolvencies in 2020 were down 9% compared with 2019
- Figures distorted by government response to the pandemic, including reduced enforcement, enhanced support for firms and individuals and forbearance by lenders
- Company insolvencies rose 17% from the third quarter to 3,071 but were down 27% on the year
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Andrew Atkinson in London at [email protected]
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Fergal…
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