Scottish personal insolvency numbers rise – BBC News

Scottish personal insolvency numbers rise

The number of personal insolvencies in Scotland rose between April and June, according to new figures.

Accountant in Bankruptcy (AiB) reported 3,208 bankruptcies and protected trust deeds (PTDs) during the first quarter of the financial year.

The figure was up 11.8% on the same period last year, and 26.6% higher than the previous quarter.

PTDs rose year-on-year by 27.5% to 1,972, and were up by 34.7% from the January to March period.

A PTD is a legally binding arrangement where those in debt can make reduced payments over four years.

Meanwhile, bankruptcies fell by 6.5% to 1,238, compared with the…

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