The number of people going financially insolvent across England and Wales in September was 7% higher than a year earlier, according to Insolvency Service figures.
Some 11,101 people entered insolvency in England and Wales, which was 3% lower than in August 2025 but 7% higher than in September 2024.
This was made up of 622 bankruptcies, 3,985 debt relief orders (DROs) and 6,494 individual voluntary arrangements (IVAs).
DRO numbers in September 2025 were 5% lower than a record high seen in August 2025, but remain at the historically high levels seen over the past 18 months, the service said.
A £90 admin fee to obtain a DRO was abolished in April 2024.
In June 2024, the criteria for DRO eligibility were…