The latest regional personal insolvency statistics have revealed that the North East had the highest rate of personal insolvency of any part of England and Wales in 2016.
The region had a total individual insolvency rate in 2016 of 25.3 per 10,000 adults, which is over 25% higher than the average for England and Wales.
While worrying, the results wont come as much surprise to many in the region with the recent statistics meaning this is the ninth consecutive year in which the North East has fallen behind its regional counterparts.
Andy Haslam, North East vice chair of insolvency and restructuring trade body R3 and a partne…
Read the full article at: https://bdaily.co.uk/articles/2017/07/14/north-east-has-uk-highest-rate-of-personal-insolvency-for-ninth-consecutive-year
