The number of people whose finances deteriorated so badly that they have become insolvent is predicted to have increased year-on-year in official figures released on Friday.
Audit, tax and consulting firm RSM expects that across England and Wales, around 24,500 people will have entered a personal insolvency process in the fourth quarter of 2017.
This would be an increase of nearly 7% compared with the same period a year earlier.
Figures already released by the Insolvency Service for the first three-quarters of 2017 show just over 74,000 people were declared insolvent across England and Wales.
Across the whole of 2016, there were 90,657 personal insolvencies.
RSM’s predictions mean the total for 2017 could edge up to around 98,500 – which wou…
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